What have I learned in these couple of months since March 2024! while Bitcoin is flat $BTC
- The fundamentals are absolutely not important! no matter what anyone says, any token on a growing market can always grow just like that, because it is a speculative startup! The team and holders will, of course, link growth after the fact to some fundamental events and updates in this project! But in the example of many coins, we see that the “hard work” that the teams supposedly did led many tokens to the price of 2022! It turns out that with or without this work, we would still come here! Therefore, if the token is not an outright scam, you don’t have to analyze the fundamentals of the project! Market makers will still do their job by delivering the price from one liquidity pool to another
- As always, all news is delivered on time, good and bad! To create the right mood, there is no need to compare cycles or look for patterns! People then find all these patterns after the fact! If you want to find something on the graph that appears right, you will find it!
- When necessary, people always compare Bitcoin and sp500, looking for correlation! But when sp500 updates its historical maximum and Bitcoin, like the last shitcoin, pours down 20 thousand, people will find an excuse that this is a correction to knock out weak hands! It’s not weak hands, but weak minds among people who live with the slogan “to the moon!”
- Polkadot showed us how to spend 37 million in 6 months on advertising, paying bloggers, and drive the token down -60 percent! That is, any token moves simply according to a predetermined algorithmic plan controlled by exchange software and market makers! there was no need to spend this money on useless advertising that did not move the price even by 10 dollars!
- Large accounts earn money not from trading and investments, but from partnerships with tokens and exchanges! With meme tokens on presales and top tokens from advertising! Therefore, calls to buy every bottom look stupid! I repeat, small accounts for 100 people can provide better information and analytics than accounts for 500 thousand people on Twitter
- Closing a candle doesn't mean anything! How many times have we seen the news that if Bitcoin consolidates by closing a candle above a certain level, this will lead to something! We closed and then fell further or grew for no reason! Classic analysis does not work because it does not take into account news and macro in the world! Bitcoin can gain a foothold anywhere, test any moving average, put together a bunch of factors, but any news about Mt Gox or a Chinese attack on Taiwan will nullify all this analysis! But of course, after the fact, people will find patterns in this movement too!
- Investments are just investments to simply wait for the right moment to sell! Now we see that the exit strategy and withdrawal of the initial deposit is the most reliable strategy for your mental health! Everything will be fine in the distance! Not all coins will update and should not update their ath! Don't believe these stupid myths! $BTC