Pretty much everyone calling bull market. I feel like I'm one of the only one saying things felt weak out there. In the trenches and on a higher level up the chain it just felt weak. I'm seeing people drawing charts saying Ethereum has consolidated for 5 years and now it is ready to shoot way up and I'm just not seeing it. It's not fast enough and it's too expensive and retail hasn't really came back in any meaningful way.
Personally I don't like the premise of shorting Crypto because over the long haul it is up and to the right but regardless of any of my trades I think the best thing for crypto would be a hard plunge whether it is a hard retest of that $60K level or to knife down to sub $40K and just get it over with and then I think everyone could agree who has been crypto that we got our cycle low in and we can continue the journey.
The mental anguish of waiting and the fake outs at this point are annoying.
I think a big case for further pain is the fact that despite all the activity going on with FOMO and Pump Fun Solana had a hard time breaking out beyond the $100 level. It did get to $120 but now being back to $109. It was just pretty short lived so far.
I don't know what exactly is going to happen but most newish people that got pulled into the trenches on FOMO got their faces ripped off and ended up being Trench Meat and a lot of that was just the same money sloshing around and going Player vs Player against other over caffeinated degenerates.
I was able to go over 15X in a month and a half essentially but with the big wins I was slipping around and losing ground on various trades and I felt the ground crumbling below me and that is why I pulled up to high ground and then I felt the ground crumbling there as well and went into cash.
So if nothing else I could somewhat sense the weakness or had just enough PTSD to go to cash.
Plus right now I'm doing a Hackathon so I needed to focus on that.
Pretty much everyone calling bull market. I feel like I'm one of the only one saying things felt weak out there. In the trenches and on a higher level up the chain it just felt weak. I'm seeing people drawing charts saying Ethereum has consolidated for 5 years and now it is ready to shoot way up and I'm just not seeing it. It's not fast enough and it's too expensive and retail hasn't really came back in any meaningful way.
Personally I don't like the premise of shorting Crypto because over the long haul it is up and to the right but regardless of any of my trades I think the best thing for crypto would be a hard plunge whether it is a hard retest of that $60K level or to knife down to sub $40K and just get it over with and then I think everyone could agree who has been crypto that we got our cycle low in and we can continue the journey.
The mental anguish of waiting and the fake outs at this point are annoying.
I think a big case for further pain is the fact that despite all the activity going on with FOMO and Pump Fun Solana had a hard time breaking out beyond the $100 level. It did get to $120 but now being back to $109. It was just pretty short lived so far.
I don't know what exactly is going to happen but most newish people that got pulled into the trenches on FOMO got their faces ripped off and ended up being Trench Meat and a lot of that was just the same money sloshing around and going Player vs Player against other over caffeinated degenerates.
I was able to go over 15X in a month and a half essentially but with the big wins I was slipping around and losing ground on various trades and I felt the ground crumbling below me and that is why I pulled up to high ground and then I felt the ground crumbling there as well and went into cash.
So if nothing else I could somewhat sense the weakness or had just enough PTSD to go to cash.
Plus right now I'm doing a Hackathon so I needed to focus on that.
I'd be fine with a big dump too, just so we can get it out of the way.