Oh, how far we have fallen from the sun.
BTC is sitting at ~$6.2k and ETH at ~$450.
On the bright side, my leveraged long position at $377 is still in profits and I’m overall still in profits.
So this bear market has been pretty brutal, especially to all the new guys and to all the “ICO flippers”. There’s a reason why I’m mega selective on my ICO positions. I try to play defensive instead of offensive. Crypto is so naturally high risk anyway that just playing defensive is good enough for me.
My technical analysis (which is pretty shit) that I did a few months ago has been pointing to a bottom in Aug / Sep.
Recently, I have been studying the long and short interest in Bitcoin and I’ve come to conclude that we’re likely to …