Crypto Trading: The Soggy Biscuit

If you have been crypto trading, even a little over the last few months when largely the market has been very positive, you might be looking at the oceans of red in your portfolio in abject horror.

Perhaps you are wondering if you have taken a snide ride.

Well I am here to reassure. To do so, I will relate the practice of the soggy biscuit and explain how it pertains to the dangerous roller coaster of crypto.

As ever I will make clear that I, quite clearly am a buffoon and any decisions you make in the crypto world should be made without being influenced by others, including myself.

Only you can do whats right for you.

_{That's quite a good one, I should write those motivational posters!}

So what is this soggy biscuit? Well, if you are tender of the heart I would read no further because it is quite the minging affair.
_{Minging - British slang for rather disgusting}

It is told that one of the many manly locker room antics of Rugby players is to play the game of Soggy Biscuit.

(Rugby - A strange game similar to american football but with more torn ears and jizzum)

The rules of Soggy Biscuit are simple. A group of chaps cluster around a biscuit, most likely a digestive/jacobs cracker. Each chap frantically chunters at their nethers and tries to issue forth upon said biscuit. As each one does, the pressure mounts on the rest until there is only one left who has not spoinged forth their seed.

In a strange reversal to what you would expect, this man is not heralded as the winner. Instead he is the loser and as such has to pay a forfeit. That forfeit being... can you guess?

Eat the soggy biscuit.

That's right. What this proves or does not prove is open to conjecture but none the less I don't think there are many that would like to play, let alone lose that game.

So how does this hook up with Crypto Trading?

Well, when the markets are in a horrifying state of red such as the slump of the last two days, people start to panic sell.

Panic selling can be likened to the first couple of chaps sowing their seed onto the biscuit. As the pressure mounts, more and more people sell. The price is then pressured downward.

No one wants to be the bagholder who has to eat the soggy biscuit. So everyone starts to sell.

Still a little opaque?

My advice. You do not have to play that game. If you look at the long term holdings of most crypto coins there are highs and lows and these are all part of normal trading. If you leap in and sell everytime their is a dip you are only adding to the problem.

If you really want to avoid that soggy biscuit do not be led into selling because everyone else is.

So leave the soggy biscuit to others and instead wait it out, heck, even buy when things hit rock bottom.

In the end, when the market turns you will be the emperor of crypto, carried aloft on the shoulders of the weak, yoghurt lipped biscuit eaters.

Don't eat the biscuit!

Again. Please be aware that my eccentric opinions do not constitute real trading advice.