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The Duck and the crypto morning

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@karinxxl
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The mist was still hanging in the air when I stepped outside even though the sun was really trying to push its way through. Late summer mornings are potential the most beautiful thing there is as it has some elements of cold nights already coming in. The cold wakes you up but the early sunlight still lets you have the feeling the day will turn up into something nice.

I pass this little bridge on the daily where ducks have their hangout and in the morning they are all with their heads in their coat ducking away from the world still. As if they had a bad night and that they are ready for the next phase of day.

Mayhe the ducks are feeling like the crypto markets on this Monday morning, who knows.

Pixabay I guess most peple have heard of CME (Chicago Mercantile Exchange) by now when hanging around in crypto and how this market works a 9-5 is not trading in weekends. What tends to happen is that prices along weekends have the same Friday closing price as the Monday opening price, otherwise creating a 'gap' in the BTC trading chart.

Shortly said, in general you could say the price among the weekends will almost close and open areound the same level. No guarantees but it just happens often. Also often these moves are very violent and steep and taking out a lot of leverage traders. Not a bad thing in general, prices should be reasonable and not over leveraged

That is a brutal night for the ones who are in too deep and if you ask me, this is all mucho manipulation. Yes, I do enjoy BTC and am a believer for the future. But as long as these types of actions are all there and they are clearly defined and made by big players who want to get even more foot in the game, that world is a bit of a dangerous one.

If you ask me, spot trading (owning your assets and not leveraging them) is the way to go and also gives you the best nights rest. When the price of a token goes down, sure the price is worth less but you still own the asset. With leverage it could be gone all of a sudden.

Imagine buying a house because a house seems like a good investment assuming the price will go up over the years. You could leverage your house but when the market goes down, all of a sudden it just might be possible that you would have to find a new place to stay. That aint the deal right? You want your house because you want to live in it and want to stay there. With normal spot buying, even though as the prices of houses go up and down....as long as you don't sell it you are able to live there. Pixabay So these early ducks in the morning looked like nothing had been bothering them. Their heads were still nicely tucked away and their nests looked stable carrying the little ones inside. I guess these guys are spot traders on their location in the creek with their food and not leveraging their location.

Maybe their will never have their ducky castle, but hey...at least they aren't loosing everything and have a good nights sleep