"It still seems to me that in the next month or so, we may face another significant crash. What happened recently wasn't painful enough"—this is what I've heard from many people, and honestly, I disagree with that.
Don't get me wrong, we can definitely see another price drop—I'm not arguing against that.
But to say that the pain wasn't enough is naive.
My feed was going crazy. Newcomers were freaking out.
Unfortunately, I even saw a few stories about people taking their own lives.
Was I scared? No.
Did I go crazy? No.
But I've been in this crazy market for quite some time, and by now, I know the game well enough.
It's likely that all the people who say the fear wasn't enough are experienced investors, and this isn't their first cycle.
But try to put yourself in the shoes of a newcomer, someone who hasn't lived through the COVID crash, the FTX crash, etc.
And then tell me that what we witnessed wasn't maximum fear.
The moral of the story is:
When analyzing sentiment, don't rely solely on yourself and your own emotions, as your experience may influence the results.
You always need to zoom out and consider the market as a whole—including all participants."