Many people got burnt in Crypto because they don't understand how the market works.
They don't understand how the cycle works.
Like any market or natural phenomenon, the crypto market moves in cycle.
It doesn't matter. Fundamentals doesn't matter.
The only things that matters are the whales, how much capital are coming in and how much interest they get from newcomers.
Newcomers always came at the peak of bubble, buying at the peak and losing 99% of their money.
In the meantime, Whales will accumulate and buy at the bottom to make 100x or more profit.
This has happened again and again the crypto market for the last 2 cycles.
So, if you bought the 2017 top, its your fault, you should have cut your losses and find a better entry positions.
If you are a trader, there is a lot of opportunities to make money in this market. If you understand how it works.
Most coins will die and will not be traded, delisted from exchanges and can't not be bought or sold.
Some will thrive.
Choose your trade.
Know how to play the game.
Stop blaming other people.
This is how free market works.
They don't understand how the cycle works.
Like any market or natural phenomenon, the crypto market moves in cycle.
It doesn't matter. Fundamentals doesn't matter.
The only things that matters are the whales, how much capital are coming in and how much interest they get from newcomers.
Newcomers always came at the peak of bubble, buying at the peak and losing 99% of their money.
In the meantime, Whales will accumulate and buy at the bottom to make 100x or more profit.
This has happened again and again the crypto market for the last 2 cycles.
So, if you bought the 2017 top, its your fault, you should have cut your losses and find a better entry positions.
If you are a trader, there is a lot of opportunities to make money in this market. If you understand how it works.
Most coins will die and will not be traded, delisted from exchanges and can't not be bought or sold.
Some will thrive.
Choose your trade.
Know how to play the game.
Stop blaming other people.
This is how free market works.