It is no longer news that there has been a very long DIP in the crypto space. Some would call it manipulation and I totally agree with them because this is more than a correction. I was a very RED day after Donald Trump announcing a 100% tariff on goods from China. To be very honest I do not see a significant correlation between this Tarrif Hike and crypto but it is what it is.
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With the news being announced, a lot of things went south in the Crypto space. While BTC the King of Crypto lost about 10% , ETH the first son lost about 11.3%. This has left around 19 Billion lost in leverage. A popular crypto person and influential also took his own life my condolences to the entire member of his family and friends, it is a sad day for all but suicide is not the answer. I would say this and for safety sake, please check on your friends, those that trade crypto and those that do it secretly.
In a nut shell I will say:
Ensure to risk only what you can afford to lose: Crypto has made so many rich as well as made so many poor. It has made so many depressed and has also made so many a livelihood. The only way to maintain sanity is to risk only what you can afford to lose;
Have a Trading Plan: One has to have a trading plan. A trade that does not have a Take Profit or a stop loss is a gamble. There just has to be a place to exit the trade. Also, if the trade profit is not giving 3 times more than what you can lose, it is best to just let it slide
*Do not Trade at all times: If there is no clarity in the market it is just best to stay completely away from the market. It is not a do or die affair. Spend quality time with your love ones and some days keep your mind of the chart. The market knows no professional nor an expert. I takes what it wants when it wants it. Do not be a victim.
Didn't he announce them before at different % just to revoke/change them after a couple of days? Why the impact was this big this time?
The market knows no professional nor an expert. It takes what it wants when it wants it.”
This is the hardest lesson to accept. We all think we’re smart enough to predict the next move, but the Ukrainian billionaire who died probably thought the same thing.
Your three rules are solid, but I’d add a fourth: Never normalize extreme leverage. That $19B in liquidations wasn’t just bad timing - it was systemic over-leverage disguised as “opportunity.”
The tragedy you mentioned hits different when you realize how many people were one Trump tweet away from losing everything. Not because they were dumb, but because the system incentivizes maximum risk for maximum reward.
RIP to that influencer. His story should be a wake-up call, not just another statistic.