I'm not a fan of this day, of pranks and stuff like that...
However, on this day this year and not only now, I kinda feel like a foul. And it's not like someone fouled me, more like I fouled myself.
I think many are in my situation now.
The current US administration came with a very pro-crypto stance, quite the opposite compared to the one leaving. And to be fair, it has pro-crypto positions so far.
I'm not talking here only about what Trump is doing, but what the entire administration is doing. And, apart from pardoning Ross Ulbricht right at the beginning, we do have a reversed positioning on the Tornado Cash mixing platform, and practically all major SEC-initiated lawsuits and investigations of crypto being dropped or closed. Probably others I can't think of right now without looking into it.
Maybe some feel cheated that there is no US Bitcoin Strategic Reserve. I don't know if the alternatives proposed will leave up to expectations or not, but there is something...
Where things went south is that the same administration made promises (on which it delivers) that basically prevents crypto, stocks, and basically all risk-on assets to go up.
The main promise delivered on that is responsible for the counterbalance to what would have been bull-inducing events at least for crypto, are the tariffs.
The problem is... we didn't pay attention, or if we did, we were in denial, thinking that some of those campaign promises are not going to happen, either because they are... campaign promises, or because it's too much or maybe even inconceivable at the time.
That's why I feel like a fool! Had I been paying more attention to that campaign (or even to the initial strong signals after Trump won), I would have made much better decisions in handing my portfolio.
We had a major victory rally, and those who sold at the top or close to it (including alts), and never re-invested from stablecoins, are in a much better position now.
In retrospect, it's obvious. At the time, while I took some profits, I didn't take enough, and I also made the mistake to reinvest as things deflated, thinking we are still in a bull market... Maybe we still are, but right now things look very far from it, especially thinking that we have economic headwinds on top of the valley we are in in crypto.
In my case, I think this should be a Foul Quarter, not day.
If this is the bottom or close to it, as I've seen some predictions, it would still be a good thing. Not an entirely messed up 2025. But is it?
P.S.: I powered up 10 HIVE on Hive Powerup Day.
Also powered up every day last month (one of 48 Hive users who did it):