Why are people suddenly scared about cryptos?
Rats leaving the sinking ship?
- Thread starter guest_trader_1
- Start date
Why are people suddenly scared about cryptos?
Because the whole market is going down.
'Pump and Dump'
We are currently in the Dump stage
We are currently in the Dump stage
This is poor man thinking.
The rich don't care about the price of eggs in the shops or how much it costs to fill up a tank.
They care about asset price inflation, that is the type of inflation they want to keep up with or beat.
For them cash is king when asset prices are falling.
As you can see this is just normal market behavior. And if everyone expects an 80% dump then most likely it will not go as low. The people getting scared and selling are making this a self fullfilling prophecy.
Crypto haters, this is your time to shine and buy at low prices. This is a chance to stop being losers the rest of your lives. Lets make some money!
Short term price moves vs long term price moves
Bitcoin price volatility in the short term is noise
Bitcoin has been on a massive bull market for the past 13 years, but with price corrections at certain time periods
The thing that scares me about bitcoin is apparently 80% of the coins are held in a minority of wallets and no one knows who owns them. If, let's say, the fed have been buying them all up, then they can crush that market whenever they want.
As you can see this is just normal market behavior. And if everyone expects an 80% dump then most likely it will not go as low. The people getting scared and selling are making this a self fullfilling prophecy.
Crypto haters, this is your time to shine and buy at low prices. This is a chance to stop being losers the rest of your lives. Lets make some money!
It would litterally be the fed against the world. Do you think the fed has enough money to go against everyone and their mother around the whole world buying at ridiculously low prices?
If it was them, and obviously I'm speculating, then they could dump it so hard and so fast that no one in their right mind would want to touch it after that, especially the long term holders who would have just taken the bath of their lives.