#cryptocrash? Really?

"$AVAX is down to $38! Oh, noes!" #cryptocrash 

Me, remembering when $AVAX was $11.80-per: 

"What are you even talking about?" #perspective 

Correction: $11.80-per? Sorry, I meant to say "$10.83-per-$AVAX."

I was trading $AVAX at $10.83-per.

That's why I'm happy that this is a 'crash' at $38-per. If this is a crash, that means $AVAX will go up.

When $AVAX goes up, my portfolio-value goes HELLA-up! 

The Markets aren't crazy.

FOLKS, I'VE DISCOVERED A NEW ANTHROPOLOGICAL MASS BEHAVIOR, AND WE NEED TO TALK ABOUT THIS!

1. $BTC goes way up. There was much rejoicing.
2. $BTC falls 10% from local high (but still up 90% from local low). WHY DIS CRASH! MY LIFE IS OVER!
3. $BTC settles back up; radio silence.

... if the markets just be like that – translation: if this is reality – then the markets aren't crazy.

Guess who is crazy, then.

Also, in unrelated news, I'm ... 'kinda' (?) glad I didn't short $BTC last night. 😅💀

The May, 2022 Crash: some measures

Okay. Let's take a breath here and measure what happen.

Just before the crash, my portfolio was worth:

Assets,loans,total

$72,511.44 -$11,505.76 = $61,005.68

Interestingly, I have $22,000 invested

So my portfolio has 277.30% growth since inception.

Charts: 

Let's break down the damage protocol-by-protocol.

First up:

@anchor_protocol.

Hide your children's eyes. This may hurt.

@anchor_protocol, pre-crash was not even accurate, as I moved a total of 312 $LUNA in as collateral AND 1.74 $ETH. This sheet was pre-PRE-crash. Ugh.

This is @anchor_protocol post-crash.

What do we see? I went from 312 $LUNA and 1.74 $ETH to 25 $LUNA and 0.5 $ETH. Ow.

But my net-loss pre-crash to now is... ~ $1K ???

Why am I crying? A $1K net loss is nothing for a crypto-duderino. Not the full story, but not so bad, either.

What else?

I can pay off my $1K loan: this month.

No more liquidations on @anchor_protocol. 

That, right there, is worth it to me to make the Anchor BORROW just go away, and the liquidation(s) made that possible, reducing my borrow from ~$12K

Thank you, liquidations.

Okay, let's turn to the next set of liquidated positions: @mars_protocol. This was what my @mars_protocol looked like, pre-crash.

~$500 invested with a ~$1212 net asset value (assets - liabilities)

My post-crash @mars_protocol portfolio looks like this:

$276.21 investment (remaining), $122.85 NAV.

So, ~$1K loss, but there's more to this story: some good news as to how @mars_protocol liquidates positions. Let's dive into what happened with me. #SilverLinings 

Two liquidations: 

1. 8.37 $LUNA- 119.91 $UST, 646.59 $UST loan field

I was returned 10.26 $LUNA. That's a gain, not a loss.

2. 537.38 $ANC- 131.85 $UST, 980.09 $UST loan field

I was returned 357.09 $ANC, again: gain.

@mars_protocol returns your tokens PLUS in a liquidation.