WHO CARES - NOT THE MARKET ---- JUST GET OUT OF THE WAY.
That I'm not trying to get into at the moment. I'm simply trying to point out that over exuberance with the bulls is about to take control.
The panic didn't even begin yet. Nor has some of the despair.
Diamond hands will be eroded by tears is my fear.
Retail has somehow managed to make a good dollar here and there, but I worry that so many of them are so late to the game. They're riding the hype hoping that their account balances will do the same as those they are now watching on YouTube, TicTok, or Instagram and those they hear of in the myth and loor of the subterranean reddits.
I honestly wish I could root them on, but I think they're about to be hit by the full force of the market.
After all, at the bottom of every decision to buy, sell, or hold is an assumption of value.
So only those who are truly versed in the tech and it's use will be those capable of really diamond handing. Maybe a few others.
But you can't tell me, let alone convince me, that when the real blood starts spilling the some odd millions of retail HODLers will remain brave.
Truth is, those overwhelmingly large paper hand retail marginal players will be screaming for the exits. All they wanted was a quick buck "like everyone else". What they didn't divulge is that they are overly levered and are going to be getting those mental margin calls.
I don't know where the bottom is but I am RIDING the hell out of this bear wave.
I agree with you , people forget that CRYPTO is meant to be a payment system and not a asset class item , Now since it is a asset , Why would anyone use it as a payment system when it has become so volatile
EconRuminations
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@powahousealex Thanks. I hate the lack of tolerance for the discussion though. Everyone keeps defending price but now value. If they do attempt to discuss value it is in the form of it "could" serve such and such a function. This is price speculation mania and the madness of crowds.
analog_potatoes
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Bro, thanks for the fresh air. There's such a cult of HODL, even for the people that bought at the top, that they won't listen when you tell them to be smart and safe.
Also, thanks for the videos. They have helped me salvage my investments and actually make a profit over the last week or so!!!
GiveMyCoinsBack
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Preach.
marlenri
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thanks for your informative posting, i def agree that need to look at the whole picture, eth def needs some breathing ground,,, sideways consoldation would be a good idea for eth right now. But I support ETH and think that ETH could outperform BTC. Well, its already doing that, if we look at % but in terms of growth, I think we can see ETH outperform BTC. Thats all am saying. thanks
rconlon821
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I couldn't agree more. Everyone is holding.. for what? People are shouting "5k!" when they bought at 3900.. What kind of ROI is that? lol..
Dumb money pouring into this market.. It's scary.
eTHER_can_be_ONLY_ONE
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Everybody cries when the margin is called! Tesla and other stocks are not tangible-they are loser companies that live off of government handouts(your money) So stack up and hold on-it is going up to 5K with scary pitfalls on the way to shake the weaklings loose. If the dollar fails your money is worthless so best to have a chance than none at all. Buy the dips and hang on. See you at the Sheraton when the bull run ends.
rconlon821
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@eTHER_can_be_ONLY_ONE, If the dollar fails?.. My god, take your tinfoil hat off. I believe in digital assets just as much as the next guy.. But dude.. Get a grip