Weekly Equity

Earning £1M Through Crypto: Week 34 Report


To quote Spock when he's melded with a horta... "PAIN!"

That is one hell of a dip and I'm sure it's triggered a whole load of "Bitcoin is dead! Crypto is a ponzi scheme!" articles everywhere online.

But we're better than that, aren't we?

We know it's a dip. We know it'll bounce back. We know to hold, or to buy the dip if we have spare cash.

It's a temporary loss.

And here it is in numbers:

Day 433

That's about 20% down in a week. For people new to crypto (or of a nervous disposition), that's sphincter-tighteningly scary. It makes me feel almost ill, even though I know it's temporary loss like they always talk about in DeFi.

In detail:

  • Trading down 20.72%
  • Copy Trading down 14.40%
  • Banking down 20.62%
  • Overall down 20.24%

Funnily enough, Copy Trading did slightly better again this week. Then again, that's a drop that won't just disappear when prices rise. Trading and Banking will because it's all ETH, BTC, and SOL. Prices go up, losses disappear. In CT, it depends on what particular brand of nonsense the traders are involved in.

As you no doubt expect, the tracking looks nasty, too. Dropped almost a month behind in dual investment (it's all in ETH at the moment) and everything else is red, red, red.

Day 433 tracking

'26 Picks

Well, shit.

Those got hit even worse, didn't they?

Day 433 picks

Temporary loss. Remember that. Breathe.

And in a moment of digression, it's interesting to note that the normal markets (FTSE and all that) are up. Money moving out of crypto back into shares and stuff? No idea but it seems to happen like that pretty regularly.

How hard have you been hit by this dip? Are you buying in or HODLing with both hands?

How do you rate this article?

4


Tiero
Tiero

Determined to earn £1,000,000 through crypto. Follow to find out how!


Earning A Million Through Crypto
Earning A Million Through Crypto

I've been trading crypto for years and I'm awful at it. So I'm trying to find better ways to earn in the short, mid and long term. I'll be posting what I figure out. The aim is financial independence... like, £1M in the bank in 5 years.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.