A Strong Lesson of Today - The Bitcoin Market Crash and What I’m Doing!

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Hey All,
We have seen extreme market volatility over the past few days! A lot of this has had to do with the Japanese Carry Trade, but more importantly, many things are all coming to a head all at once in the global markets.
We must prepare ourselves on the upside and downside as we ultimately don't know where we are headed. We do know eventually the money printer will come back on and cause risk markets to break all-time highs all over again.
We will either die by fire or ice, and we all know which way our government strongly leans due to its socialistic nature.

• Mt Gox Payments occurring
• U.S. Government potential spite selling
• Leveraged traders getting wiped
• Japanese Carry Trade Fallout
  • Asian markets taking an extreme beating (Nikkei down 12%+)
• Social unrest occurring throughout Venezuela, Bangladesh, England, and broader Europe
• Trump, not a sure bet anymore in the prediction markets, was 70% not floating around 45-50%
  • Kamala is evil for the economy
  • Regulatory uncertainty worse under Kamala
• How do I handle the upcoming months?
• Extreme extreme volatility, markets don’t like uncertainty
• Cash on the side, limit orders set, and dollar cost averaging a healthy amount every day
• Recognizing Bitcoin hasn’t decoupled yet from risk-on assets, and when liquidity dries up - bitcoin is the first to feel it
• Nevers
  • Never trade leverage unless you are willing to lose your entire position
  • If you are still living in the fiat system, never put all your cash in
  • Buy Bitcoin ETFs unless you are comfortable not buying, today's example
  • FOMO in on either side or pay the consequences

How have you reacted to the markets over the past couple of days? How are you preparing for a potentially larger market crash?

Best Regards,

SatsMate
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
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Lolli Rewards: Earn sats by using a linked card at participating vendors https://lolli.com/share/PQFAMM
https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment

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