Average 21k ?

A lot of people get involved in Bitcoin when prices were very high so assuming that most of people are sitting at 21k is very baseless.
 
Coner1980 said:
A lot of people get involved in Bitcoin when prices were very high so assuming that most of people are sitting at 21k is very baseless.
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Yep. And love how they talk only about BTC, when almost 100 % of the SHIT coins are down 85-90% from the highs
 
Even before BTC, we were never in shortage of HODLers. They always clamored that "this time it's different!" But as we all know, it's always the same shit, same stupidity.

Only truly smart traders are those who buy when the market goes up and short when it falls and never get married to the damn instrument they trade.
 
I recall all the 'sophisticated' investors telling us how they were diversified or even preferred Etherium, since it was more 'modern' and scalable.

How did that work out ?

CRASH tonight 1700's
 
Agreed. The fact they used the word "average' is laced with ambiguity. The larger institutions are certainly in lower but they are fewer in number than retail traders but with far deeper pockets. What type of average are talking about here? Retail notoriously buy high and sell low in crypto. I would think the large bulk of retail investors who jumped on in the last year or so will be in $30k+
 
Several issues:
1 "Average" vs "Medium;"
2. Assuming many bought high, & liquidated on sell-off, they are no longer included in survey, so as typical on Wall Street stats, major bias. Like changing DOW, etc., by eliminating losing stocks.
3. The creator / advertiser of this survey, also has bias interest in crypto mkts.
4. As most surveys, the major issues averted: Purpose of cryptos? Success in use category? etc.
 
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