Thoughts and Conclusions at the Market Bottom  

Altcoins are breaking new lows right now - definitely not the altseason we were hoping for, right? But despite this bloody market, I wouldn’t recommend despairing. Yeah, it hurts - I’m personally down -50% since December. But I’ve realized there’s no point in blaming myself for not selling at the December highs because, let’s be honest, alts never really pumped. A 3x from the August 5th bottom isn’t the kind of rally I (or many others) were holding for in 2024

dev but triyng to retire | always a gambler, sometimes a holder |

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From now on, regardless of market conditions, I’ll be locking in profits into stablecoins and increasing their share. I’ve realized that having just 20-30% in stables isn’t comfortable for me, and it gets even worse when they automatically become 50-60% just because the market crashes.  

Right now, everything except Bitcoin is in a clear downtrend. Since December, most alts have dropped 70-80%, even ETH is down 50%. The market is reacting to macro conditions, and things aren’t looking great - Trump, trade wars, high interest rates, you name it.

Liquidity just isn’t flowing into crypto, and a proper altseason might not happen for a long time - not until rates are lowered and money printing starts again. That doesn’t mean I’ve flipped bearish. Even if we drop further, I don’t think it will be as painful as before.  

At this point, any positive news is either ignored by the market or gets dumped immediately. We’re slowly bleeding out, and I think this will take time - no quick reversal unless some kind of white swan event happens for crypto or the macro landscape.  

Anyway, just some thoughts. Writing this mostly for myself, but maybe someone else finds it useful. Right now, my full focus is on airdrops and keeping my mental game strong. I’ll be dropping a post soon with all the projects I’m working on, plus a video breakdown of one of them. Stay tuned.

Looking back at this situation, I wouldn’t even call it a mistake. The only real mistake I made was continuing to reinvest my profits into the market in November and December. Like many, I was expecting a proper Santa rally and wanted to maximize gains, so at that point, I was 70-75% in the market. Right now, I’m sitting on 50-60% in stablecoins because the market has dropped 3x.  

I’ve completely changed my strategy. I have no intention of exiting the market, selling my portfolio, or even cashing out when I hit breakeven. That’s not why I invested in the first place. Since February, I’ve decided to stop adding new funds to my portfolio. At most, I’ll occasionally buy some ETH and SOL to participate in projects.