"KOL quarrels are indicators of bottom-fishing?"
These two days, I have seen many people say that KOL quarrels, all kinds of gossip flying around, and the currency circle only discussing idle topics are the characteristics of the bottom, and it is time to rush in. I personally do not dare to agree.
The real bottom characteristic is not noise, but the barrenness of life. In the deep bear market, the entire industry cannot find any opportunities to make money, even pvp is empty. All the currency circle groups are like dead, and no one talks for several days. Most practitioners have to leave the industry and find a job to support themselves. For example, the bear market after 2018, and the months from the end of 22 to the beginning of 23.
This is also one of the reasons why, although the cottage has plummeted in the past few months, I still can't completely judge that we have entered a bear market. At least you can still find many opportunities with apr greater than 10 in the market. The group is much quieter, but you can still see quarrels and jokes. From time to time, there are still some small benefits and gaming opportunities (such as Binance's superearn and the weekend cottage rebound).
Today I chatted with friends who work in traditional finance in Europe. They are also waiting for the possible big pullback after the Fed cuts interest rates, and are not so optimistic about the economic situation. This worry has always existed, and even the rebound of BTC from 50,000 V has not eliminated it.
Of course, it is not ruled out that there will be some market in the cottage before the New Year (this is what I and many project parties are looking forward to), but I dare not rush in with all my warehouses because of the recent war and the small rebound of the cottage. At most, I will add some long-term optimistic targets that I am not afraid of being trapped, or take a small position to gamble on Binance cottage for fun.
It is not a bad thing to be a little timid when the market is unclear. If you live in the currency circle long enough, you will always seize the opportunity that belongs to you to turn over.
