#Fomo vs #Adjustment

Recap of what has happened recently and the the crypto market.

Make sure to read till the end to stay informed and follow me as well.

A report came on Jan 2 from Matrixport, saying Bitcoin could skyrocket to $50,000 this week.

People started anticipating the bullish news and accumulating more Bitcoin and other coins.

Then, another report came out the next day, Jan 3, from the same Matrixport, stating that the SEC will reject all Bitcoin spot ETF approvals on Jan 10.

People started rushing to sell their positions, causing Bitcoin to drop by 10%, with $540 million liquidated from the crypto market in less than 4 hours.

Another report came out from Onchain Tether Treasury,

stating they transferred 2 billion USDT to whales, indicating that whales are accumulating the dip.

Then, another report from insider John Deaton expressed 98% confidence in Bitcoin ETF approval by Jan 10.

The same people who sold their positions started buying again.

It is clearly an insider's game: first, they create FOMO, people fall for their trap and pump the chart;

second, they create FUD, people start dumping hard, and they accumulate the dip;

third, they create another FOMO. This is manipulation.

Here are a few pieces of advice for someone trying to make the most of this market:

Remember, you are just an individual competing against people with money, influence, and power.

The only thing you have is your brain, and it's sufficient if used smartly.

Whales don't have power over the market due to its decentralization,

so they will use your emotions and fear against you to achieve what they want.

learn how to get rid of your emotions and fears to avoid being controlled.

Learn about the industry and Bitcoin's history to make your own decisions.

Don't trust industry media outlets blindly; have your own opinion.

Always trust your analysis 100% and be willing to accept the outcome of your analysis.

Don't underestimate the 1% probability in this industry.

kindly like to motivate us to create more content like this or even a tip🫰

#etf #cryptonews