Completed market cycle. This thing is done. Time to take profit. Nothing more to say.
It's been one hell of a run.
It's been one hell of a run.
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Yes, my entry was shit. But here's what I know.
- Ripple pumped to 1/5th of the entire crypto market cap at the peak.
- It blew by Ethereum like it was standing still.
- Their coin structure (100,000,000,000 fully diluted) is designed to fool casual investors into believing "the coin is cheap"
These beliefs influenced me into entering the short too soon. Having said that, I very much stand by my short and did average my position up as it continued to peak out. I do believe we are in store for a very significant pullback, and that my short will be very profitable by the time I close it.
Sorry about the shitty initial entry, it happens. Sometimes you're the bug, sometimes you're the windshield.
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- Ripple pumped to 1/5th of the entire crypto market cap at the peak.
- It blew by Ethereum like it was standing still.
- Their coin structure (100,000,000,000 fully diluted) is designed to fool casual investors into believing "the coin is cheap"
These beliefs influenced me into entering the short too soon. Having said that, I very much stand by my short and did average my position up as it continued to peak out. I do believe we are in store for a very significant pullback, and that my short will be very profitable by the time I close it.
Sorry about the shitty initial entry, it happens. Sometimes you're the bug, sometimes you're the windshield.
Reply