F**K!

The massive sellout continues as bad news keeps piling up. Bad news on top of bad news. After the Terra Luna disaster we woke up to the news that Celsius, a crypto exchange, is halting withdrawals and transactions due to ‘extreme market conditions’.


It sounds 2008-esque, doesn’t it?


The market is bearish. Duh. It’s capitulating. Falling faster than Scuderia Ferrari’s title-winning chances and plenty of exchanges and projects will fall with a loud bang. Everyone’s a genius in a bull run and that’s why what happened during 2021 doesn’t really matter now. It’s what’s gonna happen next that matters.


It is going to be very difficult for Celsius to get back up because the trust is gone. Same with Terra Luna.


We’ve been here before, of course. Many times. Each time it feels like the end of the world but it never is. But it still sucks. And we’re still looking around for someone / somebody to blame.


The answer is: random circumstances. The war isn’t helping. China’s idiotic no-covid policy and Biden’s administration’s foolish spending aren’t helping either.


I’m not happy at the moment. I bet most of you aren’t either.


But there’s nothing I can do. I guess I can keep buying. The problem is I’m running out of money. Dammit.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

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3 mental tricks to help you stay sane during market crashes

This morning I woke up to a duo of bad news: 1, the crypto market crashed again, and further, with bitcoin slipping to $38k and reaching a 5-month low, and then 2, my soon-to-be former editor reached out to let me know that my paycheck is due any day now. Why is that bad news? Because I’m a content creator by trade and for the last five years, 90% of my income was generated writing for a platform that’s due to shut down at the end of month, which means the next paycheck I receive from them will also be the last.


So that was a real ‘oh s*it’ moment followed by another ‘oh s*it’ moment, and that got me thinking, what am I gonna do today to feel better and what have I done when a similar scenario happened in the past?


1. Do a ‘Jack Reacher’


This is gonna sound weird but it’s always helped me tremendously. Jack Reacher, for those who don’t know, is a fictional figure created by Lee Child for a series of novel that spawned two films and an upcoming TV show on Prime Video. Reacher is a retired U.S. Army officer who lives freely and simply. He doesn’t own anything, walks everywhere when he can and consumes enormous amounts of coffee. So that’s what I did. I woke up, had a long shower, shaved, went for a long walk on my way to nowhere, and then I had a cup of coffee.


In my view, this is essential because whenever the market crashes, some (including myself) tend to give in to this frenzical need to do something about it, which is fine except oftentimes, this could lead to painful and pointless sell-offs. And that’s the last thing you wanna do.


2. Zoom out


I’m looking at it now: BTC is down over the last 3 months but still up since last year. In January 2021, BTC bottomed out at around $30,000, then it rallied to $63,000 in April 2021, before bottoming out again in July and reaching its all ATH in November. It just goes to show that ‘time in the market, beats timing the market’.


Some people are in this to make a quick buck but personally, I’m in it for the long run and I treat BTC as my retirement plan 20 or 30 years from now and zooming out, when looking at the chart, helps me focus (and remember) that BTC is cyclical, so even though every single crash and dip somehow feels like the end of the world, it isn’t.


3. Don’t look at a yearly highs, look at the yearly lows


Since its inception, BTC’s yearly low has always been set higher year-on-year, with one exception in 2015. It was $0.06 in 2010, $0.29 in 2011, $4 in 2012, $13 in 2013, $306 in 2014, $190 in 2015, $360 in 2016, $775 in 2017, $3.2k in 2018, $3.4k in 2019, $4.1k in 2020 and $28.260 in 2021. What’s gonna happen in 2022? So far bitcoin has tried to recover and get back above $44k, and failed every single time, but when it dipped, it always stayed above $40,000 with two exceptions, including one this morning.


It’s still way too early to say and no one knows what’s gonna happen, but even though there’s no guarantee that BTC will reach a new ATH in 2022 or 2023, it looks likely that it won’t go back to its previous lows. We just gotta be patient.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


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Hello and welcome to your first crypto crash

It’s done it before. I’ve seen it before. And yet I #panik every single time. Bitcoin leads the way and when that goes up, everything else goes up, and when it goes down, everything else followed.



When I went to sleep last night, XRP was hovering around the $0.96 mark and this morning it was at $0.77, BTC went from $57k to $45k before recovering to $47. I haven’t even checked LTC because it would make me cry.



But, quoting one of the bitcoin’s greatest advocates, “I buy every single day, and I never sell.”


Bitcoin has always crashed after an all-time high, and every single time it’s recovered and went on to a new all-time high. The most famous crash happened in 2018, when it crashed 80% from its all-time high on 17 December 2017 of $19,783.06.


Meanwhile you have Charlie Munger, an institutional investor who’s probably trying to buy time either because he doesn’t understand bitcoin, or because he wants to buy the dip (or the crash, and btw, this is just my opinion). And then you’ve got the president of El Salvador, who said the country “bought the dip”.



That’s the beauty of bitcoin. Opinions can be influential in the short run, but they’re always irrelevant in the long run. Also, I’m gonna have to move to El Salvador sooner or later.



Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.


Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


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Get a discount on your first Glovo order

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