For those wondering:

When you hear locals talking about crypto it's rarely a top signal in the early beginnings.

Retail joins in different phases. And they actually onboard each other.

The first wave that buys crypto doesn't have profit yet.

A few weeks or months later when they do (not really, because it's paper profit) they tell their friends an others.

"I literally made $2k in a day!"

That's when the biggest surge actually comes.

Often the first wave of retail joining in a bull can still make good profit (although mostly they don't take profit either).

When you look at 2017 and 2021, you heard retail talking about crypto all the time.

Literally for multiple months before the top was in.

It's because you hear the "phase 1" folks talk, then the "phase 2" folks talk, then the "phase 3" folks talk, ...

Only after the last phase it usually tops. That's usually the wave where it's every barber, local newsman and old granny at your family party. Not just a few locals or friends texting you.

It's a top signal, but only at a certain time.