Bitcoin Crashed to US$25253

Yesterday it crashed around 12% and today recovered to around US$26500, but I think more pain to come, I have experienced this before, all too familiar, when a big pullback comes, it usually is not the end, that's why there's a meme out there, dip of the dippity dip.

I got hit last year, listened to all the stupid shillers and bought all the way down, this time not so stupid, I only believe in myself, facts and data, once bitten twice shy, now I hold mostly USDC and USDT.

US economy don't look so good, Fitch downgraded US debt rating to AA+, US indexes down ever since, US core inflation looks stubborn, Fed will need to continue rate hikes, this will have global impact.

China's Evergrande filed for bankruptcy yesterday, who knows which Chinese company is next or already collapsed but cover up, just look at the rotten tail buildings, we hardly see those reported in news, how many in reality nobody knows.

US crashed the world economy in 2008, maybe this time China will do the honours and have a special entry in Wikipedia named "2023–2024 financial crisis".

Anyway cash is king now, be careful, stay safe.


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