$BTC $ETH Over the past few days, major events have occurred on the world stage. The assassination attempt on Trump, rumors about Biden's death, the launch of ETF-ETH, the release of a documentary about V. Buterin, blue screens from Microsoft, payments from MT.Gox and much, much more. With all this, the cryptocurrency market maintains its stable volatility, as long as there are no particularly strong movements. I mean Bitcoin, Ethereum and Caspa.
At the moment, there is quite good volatility in the cryptocurrency market. This is a favorable time to test your trading strategy for sustainability and stability. If you are an active trader who works on charts daily and also trades daily, you can see how correctly you find entry points, how competently you set stops, and how certain indicators behave. I am sure that every time it remains difficult to believe in your strategy and your forecast, because none of the methods and indicators gives much confidence and makes you nervous. And as we know, emotions waste your deposit.
The situation that is happening now reminds me of the time after the previous Bitcoin ATH from November 2021. At that time, after reaching a new peak, during the correction, everyone was confident that the price would go higher. All the charts, bloggers, investors, rich people, famous personalities were advertising all over the cryptocurrency. No one specifically said that they believed in growth or decline, but the amount of information and news around cryptocurrency was such that it created a feeling of security. Perhaps someone doesn’t know what happened then - a long fall. It seemed that this would happen endlessly, and all the ordinary people had already given up and stopped believing, when a reversal happened, and before the last halving, the old ATH was updated.
Let's take a break from the markets, because I'm sure you're doing well! I hope you are taking advantage of the current good discounts and gaining positions so that there is no fomo later. Follow money management! For a long time, I believed that money is an absolute evil. In general, he despised everything that was done just for the sake of money. My wrong attitudes were instilled by my conservative parents and the society in which I grew up. By the way, I grew up in the ruins of the USSR, when half of the people became businessmen, and the other half worked for the state. Previously, any speculation was prohibited in the USSR, and people were infantile towards the real market, the world market, since the state had already decided for you how you would be born and how you would die. Accordingly, after the collapse of the USSR, ideas and expectations remained, but the world was changing rapidly!
WEB1..2...3... Very often you can hear how the cryptocurrency world uses the terms WEB2 and WEB3. I will try to briefly and simply convey what it is. As we understand, in the beginning there was WEB1 - this is the same Internet that became easily accessible to everyone after the advent of ADSL modems and 3g technology in mobile devices. At that time, the Internet was like a reference book, where you could find information, download a movie, and sit on forums. You could say it was a time of centralized content and centralized servers.
Here we go again! This has never happened before...and again. I recently wrote that while BTC is falling, KAS is growing... and now everything is diametrically opposite. I call such movements volatility. For an investor, any volatility equals the opportunity to buy cheaper and sell. Instead of constantly changing your opinion about the market, trying to guess the price direction, drawing triangles and lines, engage in risk management.
$BTC FOMO - Fear of Missing Out (fear of missing out on profit) - appears in a person who feels that he has the potential to miss out on profit. I'm sure everyone has experienced this feeling more than once. And this happens every time one of the cryptocurrencies breaks through the ATH. By the way, ATH - All Time High (peak price for all time) - the value of the price of a cryptocurrency, which is the maximum of all time. It should be noted that some traders consider local ATH, for example ATH for a month or for the last year.
I have known KAS for a long time, since the times when it was mined on a CPU. Now I am actively trading kas on spot, unfortunately not on Binance (I believe in a quick listing). KASPA has huge potential, I won’t go into details, but I’ll just give one fact: the speed of the KAS network = 10 blocks per second, for BTC it is 1 block every 7-8 minutes.
The market as a whole is behaving the same way as always... exhibiting the volatility characteristic of the cryptocurrency market! I want to tell you how I think about finance and the market. Namely, what I consider to be the root cause of the loss of the deposit. We will talk purely about spot trading, since futures for me are equal to rates, which is excluded for my long-term plans for life.
I offer my deepest condolences to the liquidated deposits! What the market showed over the last 48 hours can be called differently: bad news, large outflows from the market, the market maker decided to make money, “dishonest” exchanges drew charts “for themselves,” the moon turned out to be in the wrong phase, the mating season of cockroaches has begun. .. But, be that as it may, the market again “deceived” everyone, all those who thought and believed that it was possible to predict the price and, based on their forecast, traded on debt (that is, with leverage). This has never happened before, and here it is again (sarcasm).
The market is tense! Observing market participants from the outside, I perfectly feel the tension that they are now experiencing. It’s trite, having read a certain amount of news, I see that 50% is for the pump, and 50% for the dump! Technical analysis says the same thing when applied to charts. On some timeframes there is growth, on others there is a fall... And how can you be calm if your hard-earned money is at stake?
$BTC Feelings, emotions, subjective assessment of the situation are the reasons why the majority gives their money to the minority. It's no secret that many people came to the cryptocurrency market for big money. This was influenced by various kinds of “news” and “success” stories. But, once inside all this, we realized that not everything is so simple, and the only simple thing is to drain the deposit!
Any market is, first of all, a MARKET, only then is it a stock market, clothing market, “black” market, wholesale market, cryptocurrency market, and so on. This must be clearly understood and realized. Accordingly, as in any other market, you can make money on the cryptocurrency market by selling something more expensive than you bought it.