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Few weeks ago, I made a video about how to cope with losses. Back then the crypto market was trending upwards, but two days after the video is published, we have a flash crash in the crypto market. It dropped about 20% in a night because many leveraged buy positions went liquidated.
That’s fine, it doesn’t harm the fundamental. I can live with that. I thought that’s it, but the crypto market crashed even further this week. If you watch the news then you might aware of the Evergrande incident which has impacted the global financial market, and that causes a lot of FUDs that harm Crypto as well.
So let’s have a look at how much I have lost this week.
I put my crypto at different places to diversify, in one of my cold wallets I lost $2,664. BlockFi, a platform where I put crypto in to earn interest, I lost $2,826 there. Crypto.com — another similar platform, lost $1,475. Last but not least, Celcius. I didn’t put that much in there so I only lost $718.
From what we see so far, I’ve lost roughly $7k. But that’s not my full portfolio. I also invest in stocks and they didn’t do well, so easily this week alone I lost…
