 | Today marks the unfortunate 1 year anniversary of the invasion of Ukraine by Russia. Similar to the 9/11 attack, I remember the day of the invasion very well, as I was shocked that a large war had broken out on ‘my’ continent. But there’s another reason why I remember this day very well. As a true degenerate, I remember staring at the crypto chart with despair and surprise. The order of events: (1) Bitcoin dumped HARD when the invasion started, losing 13% ($39K --> $34K). I was asking myself, what do I do - should I sell? I decided to hold, because in general, after a signifcant event, the stock market shows positive returns the following year. Narrator: he was wrong. The daily comments looked like this: (2) Suddenly, Bitcoin started pumping harder than it had dumped. It went up by 15% ($34K --> $39K). The day ended green with a large with to the bottom. I could not believe it. Why did we rally on a day of a major war?! (3) After that, Bitcoin continued to pump 32% off the war low to $45K within a week. Large scale war? Didnt matter. Inflation? Didnt matter. Incoming supply issues? Same. That week, for crypto, was glorious. And it made zero sense. A visual summary of the three events (dump --> pump --> continued pump) When did you realize the markets make no sense?[link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments