This crash is nothing like the Covid crash
There's very few opportunities compared to March 2020 or even May 2021
In March 2020, BTC was 50% down in a day and the opportunity was lying there for days post-crash. Similar story for $ETH and the rest, but I understand people didn't believe in it as much as today, so the buy opportunity wasn't as obvious
In May 2021, $LINK, $DOGE and the top altcoins were 50% down and anyone had days to scoop up great rebates on great coins. Generational entry too.
Yesterday, the real opportunities lasted 45 minutes. If you missed that window, you still have good entries, but not generational like covid
Also, instead of big altcoins or BTC down 50%, we got Fartcoin, but that shows our growth as an industry, so I'll take it
It is very sad that many people got fucked. I personally got fucked with perps and lost a lot of money, so I lived what a lot of people went through yesterday and I'm extremely sorry and empathetic for everyone whose life changed for the worst.
The cycle is not finished. Just keep swimming, just keep swimming 🐟🐟🌊🌊
.
.
.
Crypto has gone a long way. I'm happy that the greatest liquidation event in history ``only`` made $ETH crash 20% at the pico bottom and that shows a lot of strenght in our ecosystem.
Perps are proven again to be way more negative than positive for people, but the temptation is immense and who are we if not muses of desire?
Covid crash: $1.2B in liquidations
FTX crash: $1.6B in liquidations
Today: $19.31B in liquidations
You wished you bought during the COVID crash.
This is your COVID crash.
29.19K
16
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.