<center><img src="https://files.peakd.com/file/peakd-hive/cryptoandcoffee/23tvVynVMMVy3ojTYu7UQrNYvzEH662nL7UZaPyhfZ7QruPbrXWF5zQ1fP3b6XikRtWti.png"/></center>

[source](https://blog.kraken.com/post/3592/beware-of-the-crypto-confidence-man/)

**I think we are all feeling pretty confident these days with where crypto is heading.**

Today we saw another dip due to another corporate giant failing in their business ventures with Evergrande owing something stupid in excess of $300 Billion. Amazing how businesses are allowed to get into this state as protecting them along the way only makes the eventual outcome far worse. They were one of the Chinese giants when it came to businesses as they even had their own football team that cost the company just under $1 billion in losses over just 6 years. 

What is alarming is the amount they owe as this could bring down 100's of companies who were supplying them materials. Evergrande is a property developer so no doubt they have a long list of suppliers who are in financial difficulty as well as they would also be owed money.

Today was due day for their interest payments on the loans they took out from the banks and have already been told nothing is happening. Thursday is the due date for the Chinese Government Bonds loan which is $84 million. Maybe we will see another dip in the markets on Thursday then, but who cares bring it on. If the banks were stupid enough to give such big loans then that is their problem. Not all business is good business and they need to work smarter.
<center><img src="https://i.imgur.com/GBDSKNj.png"/></center>

[source](https://alternative.me/crypto/fear-and-greed-index/)

Kind of what I expected as I don't give two tosses what the market is doing right now except for adding when the dips occur. I think everyone has got to that stage as we know where everything is heading and the plans have not changed. The markets were down and it wasn't even crypto related which one could understand if that was the case. This is a bull cycle and why would anyone be worried right now as holding what you have when you are well up overall and only down 10% on the day. The markets change so quickly by tomorrow they could have already recovered as we saw last week things turned around in a matter of hours.
![Capture.PNG](https://i.imgur.com/xSb2xC3.png)

[source](https://money.cnn.com/data/fear-and-greed/)
That is not what some manipulators would want to hear though as they want you to sell so the fear and greed index on CNN shows a different sentiment trying to portray panic. I think they are smoking something thinking everyone is stupid as this is not the market sentiment at all. I am looking forward to the day the crypto market is so big it makes no difference what the rest of the world is up to or who tweets about what.

Why can't the media remain neutral and report the truth as it has become really stale and growing old what they have been up to. The influence they have on the market is diminishing more and more which shows the investors don't care what they have to say and knowing full well what game is being played. If you sold today in panic then crypto is not for you and may as well pack up and disappear.


10% is nothing and that is what my portfolio is down which is nothing from what it is up. No extreme fear but more like what can I add to the portfolio buying more. Volatility is your friend in these times and should be welcomed when thinking long term. Crypto is nowhere near ready and is still very early in the journey it needs to make. 



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