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The last few days have not been disastrous. The last few days have been a reflection of what has been lived for months since the collapse of the cryptos began. I don't remember when it was exactly, but I think it was around February or March. Bitcoin fell below $35,000 quickly and there began a bloody market that has lasted to this day, and it gets worse every day.
Yesterday was a dark day for everyone. Seeing how our money in USD disappears as the minutes go by is something really stressful.
How do I know it was stressful on a level never seen before? Simple, because users who almost always give encouragement, on this occasion suffered the fall perhaps a little more. Living on illusions is difficult, more so in the world of cryptocurrencies. Also if you take into account that the planet is in constant war, eternal conflicts, politicians doing their thing, hunger and inflation playing a fundamental role in society, and of course, the scarcity of resources, all this means that, for someone outside the world of cryptocurrencies, take the first step and buy some of them, let's say for example BTC, ETH or BCH itself, it is something really almost impossible today.
Only we, who are crazy, or half crazy, are doing HOLD, hoping for a better future. Others are trading and making (or losing) a lot of money.
Imagine going short x50 in Futures trading since BCH was $600 a year ago. You would literally be a millionaire today.
The opportunities are there, it just takes work and we are afraid to take the first step. But the patterns exist, they can be seen with the naked eye: The market is bearish in its entirety.
How long will it take for Bitcoin to reach its ATH again? Maybe months or years, or maybe never. I don't think the latter is an option. Greed and greed make the market move from end to end very fast. Today it costs about $18k and tomorrow it can easily rise to $30k in the blink of an eye.
"Let's be realistic, let's do the impossible" I have always liked this phrase. It shows that hope is not lost, and that more can always be done, no matter if it is difficult or some consider it impossible. The impossible does not exist, they just take a little more time. The BCH will shine again, at least today it has behaved quite well and its % has been higher than that of the BTC, only managed among perhaps others, but the ETH has risen much more in % compared to these two.
I don't want to sell my BCH, I'm not going to. I said it was all or nothing a while ago and I'm going to stick to it. Perhaps I am being very silly, and life will take care of telling me that I was right or wrong.
What do you think?
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