re: Official CryptoTalk Thread

30%-40% drawdowns are normal during a bull run. We are close to 30%.

At 35%-40% I'll push in with size.

Putting one of my rentals on the market this week so I can buy more.

Yeah I am getting crushed all around.

Net worth down like 500k between BTC and TSLA.

At least it has given me motivation to crush it this year with the biz.

quote:

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Net worth down like 500k

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As long as you understand (and I know you do) that these are simply unrealized losses, you're still in good shape as long as you don't sell. I think I recall you said you have been in Bitcoin since 2016 or 2017. When Bitcoin is an order of magnitude higher, you'll look back and say you remember 2021 and 2025 when you withstood big unrealized losses, held strong, and now you are much wealthier because you understood and believed in Bitcoin and knew it would go much higher in the long run. Just like CZ recently tweeted that Bitcoin will see much negativity and headlines when Bitcoin falls again after crossing $1M. I'm sure it will have several more big drops on the way to $1M. I understand that and have zero concern. Been there done that.

50x leverage is degeneracy

It’s preposterous that trading/banking isn’t available 24/7 across all mediums. Yesterday I remember thinking that I couldn’t buy bitcoin in the middle of the night because I didn’t have any assets liquid enough to trade for Bitcoin in the middle of the night. I think that’s irony.

Here's a tweet from

matthew sigel, recovering CFA
@matthew_sigel

List of Bitcoin corrections in the run-up to $20k in 2017:
-41%
-38%
-29%
-34%
-41%
-40%
-27%

List of Bitcoin corrections in the run-up to $69k in 2021:
-21%
-17%
-31%
-26%
-55%
-25%

Four years later and here we are in the 2025 still in the bull market phase of this 4 year cycle pending a new ATH later this year.

I fat fingered the sell button and hit buy. My bad.

Yeah it wasn’t just btc. I started seeing notifications that several coins were up 10% so I looked.

This is why you can’t take a weekend off and say “l’ll reassess on Monday” in the world of cryptocurrencies.

XRP seems to be bought and paid for by Ripple so I understand that connection. No clue about Cardao and Solana. I always thought of Solana and ETH as competitors and the Trump family seems to be the only thing keeping ETH from falling off the face of the earth so I’m surprised a bit there.

And the crypto bull market is back, particularly when you combine this with the tailwind from the upcoming global liquidity boost.