We took a position in the VIXY on friday..The Crypto carnage looks exhuasted but anything can happen in this environment I was in during the 2017/18 bear market so Im well schooled on these 80% losses..
Full disclosure I was buying BTC @ $3k and $7k so our max pain threashold is still intact. I was also buying ETH @$150 / $250 so again Im still above my max pain threashold. LINK was @$1.69 and $6.45 .. We have been buying and adding GALA on all dips.. Four positions only keep it lean in my opinion.
Im in for the ride no one ever said financial freedom was easy.. I Have not sold a single position thus far..
I added a VIX play as volility has actually been quite low in Stocks, the take down has been very Controled TILL ITS NOT..Capitulation clears the field. Recall in 2005 all the Economic news coning out was bad and worse by the day..It took nearly 2 5 years for the 2008 crash before reality finaly set in...we are at year 2.5 right now.
Remember the Covid BS and the repo markets started to get funky in mid to late 2019, we are now in 2022 and getting worse by the day. Worse than 2008 on a macro scale....
Voltility is coning rest assured.
" KNOW WHAT YOU ARE BUYING AND YOUR REASON FOR BUYING IT BEFORE YOU BUY IT "
"NOT INVESTMENT ADVICE "
Remember there is NO financial cure to a Political problem.
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