Listen, there are a lot of coins in areas of interest in the crypto world right now. If your market share is less than 65%, feel free to buy more. More than 65%? Forget it, don't even look at the charts.
Why even discuss another local panic? Over the past year and a half, one could get used to it: nothing great or terrible is happening. A little psychology and a moral kick 🦾.
Is it scary in the market now?
Yes.
Is the majority of the market sitting in alt?
No.
Even the most persistent ones either quietly dumped their portfolios or were publicly torn by emotions. Some went into the red, some into a slight plus - it all depends on when they entered and how long they stayed.
Has this been on the market before? Yes, every cycle is the same. The same conversations, the same “logical” conclusions.
Why another strait?
Because with each new cycle, hamsters become smarter and more stable. If the swing drags on for a long time, it means that not everyone has yet been convinced that “Bitcoin will go to 10k right now, and alta will be reduced.” This means we need one more round of American racing.
How will it all end?
As always: 90% will remain either in the minus or in a small plus, which cannot even be called a plus. 10% will take their profit.
I recommend to anyone who wants to sell to take some valerian and remember that a few months ago, when entering the market, you were ready to hold for the long term and experience drawdowns. What changed with a drawdown of -20%? Is the long term over?
Any financial market is a cruel place that always seems understandable, but for hundreds of years it has left the majority without pants for one simple reason - EMOTIONS!
So calm down and don't sell.$SOL
