Former bank broker turned crypto preacher. I own a garage fund and I've been working in crypto for many cycles, applying stock-market strategies to crypto!
-But the entire market is pessimistic and the behavior looks bearish as hell!
-Yes, it does.
-And this normally doesn't happen in bull markets!
-It does. Maybe not for this long but...
-How do you explain it?
-New money coming in from ETFs and the last halving, we are essentially entering unexplored territory.
-So is this the banks? The whales?
-I don't think we can blame a market on just a few players, even big ones.
-Why not? it's obvious they want to collapse the market before a theoretical run, in case there is one, during the US election!
-Big players might shake the market, but if small/newbie players react and panic, it's on them.
-That doesn't answer the question, is this a bear market signal or not?
-I see it as a signal that we're about to enter the strongest, insane part of the bull run, yes. In a way, it is a signal of a future bear market, but not an immediate one.
-So what do you do?
-I'll pick up things from people mass panicking, wait for the last leg, and then start selling.
-That is horrible! You're going to take advantage of innoce...
-Of people's lack of professionalism, yes.
-You think only of your economy and not of anyone else's...
Anyone who bitches about whales really, REALLY, doesn't understand the market. Not only the crypto market, -ANY- market.
This market in particular EXITS on the premise of PvP, and if you lose, you have no one but yourself to blame, even if it's at least for the fact you entered a market you knew nothing about.
If you feel the market is unfair, get out. Go join a complaint group that fits, supports and enables your am-a-bitch psyche. And leave us our money while you're at it.
As long as the Sailor's and Schiff's of life exist to pump fear and doubt into the dumb masses, crypto will be ok... they are literally a key component of keeping this mall funny weirdo of a market sustainable.
Wait... what if beneath the mask, they are Satoshi... together đ€