RYSAM

This is your reminder
SELL AT PUMPS
BUY AT DUMPS

I got distracted a bit and made some trading memes (Cryptocurrency inclined memes)

May this be a warning to everyone, dont put everything in a single basket, especially to meme coins, only a handful of people can properly handle meme coins

This is the Philippine news I got today, Philippine Peso weakened against US Dollar trading at 57 pesos per dollar.

I remember something from 2 years ago because of this:

October 11, 2022
Sandro Marcos said:
"The peso is not weak because the peso is weak, the peso is weak because the dollar is strong"

This is right to some extent as I will be discussing, but in his context of what he was explaining, it is actually wrong, as we are talking about 2 different currencies only, PH and USD,
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Using the US Dollar Index Chart (which is a chart used to determine the general strength of USD against other currencie[GENERAL not just ph]).

USD index was at its highest on October 11, 2022 from its lowest point at January 2008, The purple I marked on the trading chart is actually the time of this interview. It was the strongest at this time

Today, as you can see, the DXY is once again rising, I will not be surprised is if in the coming weeks, we might see the exchange go to 59 Philippine Peso per USD

Photos attached are screenshot from
Inquirer.net
GMA News
TradingView

Crypto liquidation infoby Coinglass.
https://www.coinglass.com/LiquidationData

Liquidations of shorts and longs for the 2nd day straight

April 13, 2024
(large liquidation day)
-800M USD liquidation in 12 hours
Possible reason: US Warns about Iran attacks on Israel soon

April 14, 2024
(Another Large liquidation day)
-700M USD liquidation in 4 HOURS
Possible reason: Iran officially sent drone attacks on Israel

What can we possible expect:
-We might go lower depends on how the war escalates
-Big investors will soon get in for the crypto discount
-We are in the weekends, no ETF interception is expected until monday 8 pm Philippine time or at least traditional market opens

"Theres no hardening without pain"

Just like our body, being stronger requires the destruction of muscle, and proper healing in order to develop and be stronger.

Like muscles so is our character and personality. Being better and improving requires challenges, pain, and proper healing process, in order to be better.

Giving my token of appreciation to my first ever client as his investment manager.

Thank you for the trust my friend 🥰

Wanted to share this to all of you. All my blessings that I have, I do believe was given to me to be steward of, talents (literal), resources, time, relationships, etc.

Let us take care and be appreciative of everything given to us that we may have the wisdom to handle something bigger in life that is in store for us!