What a day...steemCreated with Sketch.

in #rant10 months ago

This is more of a rant. So pardon me. Last night was a complete bloodbath in the cryptocurrencies market. Perhaps I was too naive to think that the impact on traditional financial markets was already seen in the crypto market.


So far I think I have navigated the equities market well. I did some hasty trades but they should be ok in the longer term. In terms of the crypto market, I think I could have done better risk management. The rapid drop in ETH also resulted in many liquidations in the DeFi space. Because of that, I think confidence in DeFi will be taking a hit.

Overall, this was a painful experience. I hope this is the final capitulation in cryptocurrencies...

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Tread carefully. Best wishes. 😊

One hell of a day. That’s for sure. I woke up to BTC down 25% and then tonight saw it tank another 20 so fast. Crazy times — stay safe

Posted via Steemleo

It is indeed crazy times. Now there are chatters that there are serious liquidity issues in the US treasuries market.

Indeed. Even crazier times ahead of us.

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guess the virus is doing it rounds of killing in every aspects of life

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