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.

image.png

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...


20% of post rewards goes to @ph-fund, 5% goes to @steemworld.org and 5% goes to @steempeak to support these amazing projects.


SteemENSlogosmall.png

Learn how to get your a simple name for your Ethereum wallet through Steem ENS!
Join the Steem ENS Discord server to interact with the community!


This article is created on the Steem blockchain. Check this series of posts to learn more about writing on an immutable and censorship-resistant content platform:

Sort:  

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.

Congratulations @culgin! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 60000 upvotes. Your next target is to reach 65000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Downvote challenge - Add up to 3 funny badges to your board
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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

Coin Marketplace

STEEM 0.20
TRX 0.03
JST 0.030
BTC 36868.36
ETH 1248.30
USDT 1.00
SBD 3.25