Call me crazy but im buying. Not only did i buy but i bought with money i didnt have.
I dont have any concrete evidence the bull market isn't over but in my short 4-5 years being in crypto; Idk if i've ever been more bullish. Nothing has changed. Terrifs have no effect on crypto directly. Yes they stifle cash flow and increase material costs, hurting risk on assets but real adoption is happening. Stupendously big money wells are trickling in, long term retirement money is being implimented. Stablecoin adoption and regulations are being passed. The future has never looked better imo.
I had been eying coinbase's btc loans for a little while now. So i went for a "safe" 20% ltv. Overcollateralizing a $3000 loan of usdc at 5-6.5% interest. Putting my btc at risk of being liquidated around $17.5k. Is it crazy that id be mildly stoked if that became a reality. Yes id likely be sqeeling "it muh ma makes mua eyes rain" but id buy so much more btc hahahahahahaha
(Im most certainly not wealthy financially) I do make a decent stable income in construction, enjoy a low cost of living in the midwest, have modest bills, no dependents, zero debt (outside of newly aquired loan) and a team mate in my gf if it all went to shit.
I had another $1100, some of was already in limit orders rest was just extra cash in my account. Giving me $4100 to deploy. Exciting times. Yet short lived cause a vast majority of my orders got tagged late last night hahaha. Some btc, and a lot of alts lol. I did say i went full retard. Anywhoo i was most excited to get ondo at .69 cents and more chainlink around $10 again. Added some ada, eth, near, hbar, pyth, super, avax, aero, rndr, icp. Staggering down from most to least capital consumed. Im looking to average 5-10x this purchase at some point over the next 6-18 months and my crazy ass feels very conservative. I have high high hopes for btc, rwa, layer 1, defi, ai and gaming in that order.
Eagerly growing my bags a few percent at a time.
Have any questions or tips, leave them below.
Best regards
