A different kind of Bloodbath!
Blood in the streets market. Absolute bloodbath! Shit is going so loose it almost seems the market is having a bad case of acute bloody diarrhoea! Sorry, LOL! But there couldn't be a more fitting choice of words for what we see below!
While it may not look too sinister, but in the greater scheme of things it is falling through important supports which is never good!
Nothing New
But seriously though, this is not really our first rodeo, at least for those who have been around for a while. I have lost count of how many of these "corrections" we have had to sit through. The first few times the market crashed, it felt like the "end of the world"....seemed "all hope was lost" and it was the "end of crypto." Ah....younger days eh!
But as it kept repeating, over and over and over....we shed so much blood we had no blood left to bleed. Instead we sat on the BDC discord and went on a hardcore rant about the crash and how we never have any liquidity to buy in during the crash...and rue another missed opportunity - every single time. We never learnt our lesson! In bengali there is a saying "নেড়া বেলতলায় যায় কবার?" Roughly translated it's asking how many times does a bald man go under a coconut tree (in bengali a different fruit was referenced, I'm not sure everyone would understand. So I changed it to something everyone would understand!).
The meaning behind this is that once someone had their heads cracked, they learn their lesson pretty quickly. None of us, it seems were "Bald" in terms of trading, so we kept going back under the coconut tree!
I actually miss those days of collective rant - it created an energy that drove away all the negative emotions regarding the crash and let us weather the storm together.
Lesson learned, eventually
But somehow this time I find myself on the other side of things for a change! For once I have liquidity, and from what brief chats I've had on discord it seems a lot of my comrades does too. I was eyeing exclusively to get some cheap HIVE, and so did my comrades! Great minds think alike!
I have started buying HIVE from 43 cents last night. And this was a typical dippity dip situation - buy the dip, market dips some more. Buy the deeper dip, the deeper dip dips some more and dippity dippity dip the market goes!
“If you can't understand it without an explanation, you can't understand it with an explanation.” - Haruki Murakami
But that's the great thing about buying HIVE with spare liquidity! I am not at all bothered by the continuous and am actually anticipating further dips with buy orders deep down. And because we are "long" on hive, we can just power shit up if the market goes into deep hibernation like a bear! (I am not actually sure if bears go into deep hibernation, this is not supposed to be word by word accurate! Just sayin'!)
I guess I will eventually be back on the Rant Mode once I am out of liquidity, but for now let's enjoy the ride!
Posted Using LeoFinance Beta
