🚨 🚨 🚨 🚨 THE MARKET IS IRRATIONAL
In a bull market, irrationality takes over. What do I mean by that? When I say the market becomes irrational, I refer to the bizarre and illogical behaviors that emerge. Here are some examples to illustrate this.Consider the previous bull market and the NFT craze. Digital images of monkeys sold for millions despite lacking any intrinsic value.
Shitcoins surged by x100 in mere days, despite having no solid foundation.In the current bull market, we see the early signs of this irrationality. Many people are pouring money into ridiculous memecoins with no real value. The most alarming part is the widespread bullish sentiment towards these memecoins, with some individuals investing all their capital and now facing significant losses.
Several people have messaged me privately on Twitter, showing their portfolios and admitting I was right. They realized that following crypto influencers who hype trending cryptos leads to inevitable losses.
This is what I mean by market irrationality: absurd actions and nonsensical investments. Thankfully, bull market crashes exist to bring these inexperienced investors back to reality. These crashes serve as wake-up calls, making them rethink their strategies. It's a harsh lesson, but often necessary for real learning.
Don't be part of this irrational crowd. Act rationally, prioritizing the preservation of your capital over quick profits.
I hope these insights resonate and help you avoid costly mistakes. Thank you for reading. If you found this helpful, please like, comment, share, and subscribe. Your support, including financial tips, is greatly appreciated and enables me to continue providing valuable market insights.
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