The last 48-hours have been some of the most tumultuous in the cryptocurrency world since, well, a few weeks ago. Despite the fact that for four years in a row crypto goes down in Jan, with just about every crypto deep in the red panic is taking place followed by a healthy dose of “I told you so!” from people standing on the sidelines.
It would absolutely suck to be a crypto day trader right now. At the same time, everyone in crypto should be realistic – no matter how much of a trading genius you think you are, the reality is that right now it’s about as close to gambling as you can get. Sure, point to fancy charts or talk about what you learned from your favorite You Tuber or heard on CNBC but the reality is nobody knows what’s actually going on in crypto.
That being said, what I said above is true – every January for four years crypto has dropped so I’m not sure it’s time to start panicking. I personally am a long-term speculator and have told myself I’m going to wait until 2023 to exit any of my core positions, which means I could end up with nothing five years from now, and I’m okay with that. Of course that doesn’t stop me from staying plugged-into the market daily and the Twitterverse has been alive with commentary, here are my three favorite tweets about the last 48-hours in the crypto world: