You likely did not feel stress free with your bitcoin in your first whole cycle buying bitcoin, even though we came to find  out that we could have invested a whole cycle in the past and then we could stop investing.  Now days, there are likely needs for most folks to invest into bitcoin 2-3 cycles or even more to really get to a point in which their bitcoin investment might start to feel less stressful, and not even that is guaranteed.

I don't know why even hardened holders are impressed by this momentary 20% crash, which is currently 11%ish from the last ATH. These are normal things even during the most successful 2017 year. There were more and bigger crashes back then. IMO, this increases the chances that in the next weeks we will have a more significant ATH than the previous ant ATH's. If you noticed, every 2-3% jump was immediately neutralized, unlike other traditional assets. The explanation is more than obvious: too many high leverage long positions. However, now that billions of long positions have been liquidated, the resistance will be much less. We need 1 day to get close to the ATH and 1 more to have a new one. The other important question is whether we will have a 2-year winter like so far. The lack of exponential bull market, unfortunately, does not guarantee that we will not see a 50%+ drop from the ATH. However, I think that the previous 4-year cycles are starting to fade. Something like a transition from a temperate climate to a subtropical one. Winter and summer will alternate every year and with smaller amplitudes. The reason is the transition from retail driven market to institutional one. All of this is just my guess, I may be very far from the truth in the end. So if someone has a different view on the matter, I would not argue, all possibilities are almost equally probable at the moment.

As a longterm holder who has no idea how margins and leverages etc. work, this small correction felt like any other to me. But the more I check crypto related forums and groups the more I realize how big this seems to be. I’ve seen posts now about suicides and 100% liquidations etc. it’s crazy. To me this felt like a small hiccup in comparison to the Covid, mtgox or FTX crashes. In moments like this I’m happy that I just hold and have no understanding of leverage and all that stuff.

95% of my bitcoin is on cold storage. 5% is on smartphone wallet for easy/quick access in case of some unexpected events.

is copper a shitcoin? ...more like an industrial metal  


really?