RE: Arb July9 Aug 2024 20:08
Ha thanks Chaebol. Yes last monday was ugly compounded by the previous week with consecutive daily declines. Like 404 I couldnt face looking at my trading account for around 4 days after watching the 10% haircut become a 45% paper loss within just 6 trading days. But I always felt that the previous recent drop to $58k might not have been the immediate bottom and promised myself to make some purchases if btc dropped again to the next support around $53k. "Buy when there’s blood in the streets, even if the blood is your own", Rothschild. Buffet said something similar. But admit I wasn't at all confident and probably more reckless than prudent. I did it once before with GKP 6 years ago and came up trumps. I always try to buy or sell tranches on spikes - drops or rises of 20-30%