Many institutions are selling Bitcoin at $60,000, and the market is extremely panicked, but ETFs are buying in crazily?
Now, Bitcoin at $100,000 has become a hot cake for more institutions and governments, while retail investors can only look on in despair, remaining highly panicked.
This is the cruelty of financial markets; the real truth is only held by a small number of people.
When you are panicking, others are crazily bottom-fishing, and when you are extremely excited, others have already successfully cashed out and left the market.
A saying that veteran investors often repeat: When you don’t know who the retail investors are, you are the retail investor.
In other words: When you think this price is very safe, it is actually the time of the greatest risk.
So looking back at the market trends, from April to September this year, the market view was remarkably uniform, believing it was extremely dangerous, the bull is dead, and altcoins are going to zero.
But the real experts are quietly adding positions, for example: BlackRock is buying BTC without looking at the price.
However, retail investors do not dare to believe or follow this kind of professional financial tycoon because they trust market rumors, thinking they wouldn’t be so kind as to help everyone make money.
This is human nature; too clever, too many distractions, too self-righteous.
Trading cryptocurrencies is a very professional matter and is an industry suitable only for a small number of people; many people like to bring familiar friends into the market, but what you convey is only a partial view, not a comprehensive one.
If you made money this time relying on MEME tokens, you mistakenly think you have completely grasped this sector, finding it easy to make money, and start flaunting everywhere, with friends who don’t understand blindly trusting you and entering an unfamiliar territory because of your profits.
Thus, you and your friends begin a formal journey into the abyss.
You can make money because the timing, location, and people are all right, but when you blindly bring friends into the market, the situation changes, the prices of cryptocurrencies change, and you remain indifferent, blinded by the profits.
When you ignore risks, the friends who blindly follow you become the comrades who share the hardships with you.
The initial trust of friends will turn into resentment, causing you to completely turn against each other; these stories, in my view, may be the blood and tears history that many people are currently experiencing.

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