SO..... what do you call a coin that is in the depression stage or the lost hope stage?
You probably won't hear Bitcoin get called a Shipcoin too much.. but remember back in the alt days, when frustrated people called different alt coins SHIPCOINS?
It's cause they are angry... anger stage. They are angry it doesn't pump and just sits at the bottom doing nothing while all other alt coins are pumping. It sucks to be sitting in a chair in the middle of a dance floor while everyone else is having a ball, right? Anger.
So... when people call things SHIPCOINS; it signals anger stage. Anger is followed by silence. Aka Depression or Lost Hope stage. They forget about it...
THIS IS WHERE BITCOIN IS AT.
Now.. we may not hear Bitcoin specifically get called a SHIPCOIN as it's the triple OG of crypto.. actually triple triple OG.. and triple OGs get respected enough not to get labeled a SHIPCOIN.. but... that doesn't mean people aren't thinking it.
The average normal person in our population is probably thinking... AH... Bitcoin.. Close to being dead. What a scam. What a bubble. I got burnt. I didn't lose my house thank God. On with life. And these people probably won't look at Bitcoin again until someone at works mentions it's back.
But ANYWAYS.... yeah; we're at that stage. Will we drop to the horrid $5k and $6k everybody is yelling and screaming? Not likely.. bulls are tired. Bears are tired. Is that even possible? Yes. Don't be a perma-bear like everyone else. Zig. Zag.
Will the bottom reversal be a pretty little inverse head and shoulders or double-bottom? Likely NOT. You likely missed the bottom to where you can be comfortably in profit while Bitcoin does the usual anger/depression/lost hope dance of ugly slow upward trend. So if you enter now; you will be frustrated. However, if you can enter now and completely forget about Bitcoin and crypto; you're a genius.
Anyways.. happy trading.
You probably won't hear Bitcoin get called a Shipcoin too much.. but remember back in the alt days, when frustrated people called different alt coins SHIPCOINS?
It's cause they are angry... anger stage. They are angry it doesn't pump and just sits at the bottom doing nothing while all other alt coins are pumping. It sucks to be sitting in a chair in the middle of a dance floor while everyone else is having a ball, right? Anger.
So... when people call things SHIPCOINS; it signals anger stage. Anger is followed by silence. Aka Depression or Lost Hope stage. They forget about it...
THIS IS WHERE BITCOIN IS AT.
Now.. we may not hear Bitcoin specifically get called a SHIPCOIN as it's the triple OG of crypto.. actually triple triple OG.. and triple OGs get respected enough not to get labeled a SHIPCOIN.. but... that doesn't mean people aren't thinking it.
The average normal person in our population is probably thinking... AH... Bitcoin.. Close to being dead. What a scam. What a bubble. I got burnt. I didn't lose my house thank God. On with life. And these people probably won't look at Bitcoin again until someone at works mentions it's back.
But ANYWAYS.... yeah; we're at that stage. Will we drop to the horrid $5k and $6k everybody is yelling and screaming? Not likely.. bulls are tired. Bears are tired. Is that even possible? Yes. Don't be a perma-bear like everyone else. Zig. Zag.
Will the bottom reversal be a pretty little inverse head and shoulders or double-bottom? Likely NOT. You likely missed the bottom to where you can be comfortably in profit while Bitcoin does the usual anger/depression/lost hope dance of ugly slow upward trend. So if you enter now; you will be frustrated. However, if you can enter now and completely forget about Bitcoin and crypto; you're a genius.
Anyways.. happy trading.