We made a nice drop. When we went over 10k, many said that we will never see a four digit price again. When price dropped below 10k again for the first time, many said that this will be the last chance to get a btc for four digit price. Now, when we dropped below 10k again, many say that this is really the last chance to see a four digit price.
I think saying always, never, ever, last chance etc. is not a good idea, not only in crypto, but even in the everyday life. It represents impulsiveness, overexaggerated emotions, and overconfidence. One must show a little bit of humbleness, for there are no people who can say anything for 100% sure. And in this space, lack of humbleness can burn you badly.
The raging emotions and euphoria is shown by the number of mooners, the fact that negative news did not really have a negative impact, the lack of strong positive news as basis of the rise, and the fact that people who made basic or downright amateur technical analyses about rising and rising and rising again are suddenly among the the top authors, side by side with the really professional authors who have an unbelievable amount of experience. This shows the sentiment, and the lack of reason.
Anyway the previous drop was bought up quickly, many considered it a chance to buy at four digits again. But afterwards, the buying was not so confident. This represented that people were hurt by the drop, and the cloud of euphoria was partially blown away. This was a healthy correction after all... right?
Now it is again a healthy one... right? No problems. Its like having periodical pain in the chest, and not going for a check up because it is not so bad after all. And anyway it was after a heavy workout, so it is totally normal, downright healthy... right? Shows that your heart is working. Right?
No its not. The whole thing is not healthy. As I described in my previous analyses (or rather simple essays, these are no analyses) I dont think that anything was healthy about this rally. I explained my point of view thoroughly. So there can not be any healthy correction, if the market itself is not healthy.
Most of the rise was MADE, and the falling is Made as well, by people with money. Do you think that it is me and you and the other insignificant little people who make the price rise? Do you think it is us who make the price drop like that? I dont think so. Little fish are the ones who feed the big ones, but they cant really influnce what they do.
Do you think that people with big money did not notice the lack of confidence now? The lack of will to buy at levels which should not have been touched ever again in eternity according to many? If you notices, they noticed. Do you think they didnt anticipate this?
And it seems like it is time for the big fishes to digest, and let the little fishes relax a bit under their little rocks. And then when its calm and silent again, they will come out.
This doesnt mean that I am sure that we will fall down to the cellar now, noone knows that for sure. A whale can trigger a large buy anytime. But I am really sure that the little fishes are frightened now, and wont easily stick their noses out, unless provoked intensely.
I see good chances that we will fall further. That big people are interested in furrher downside. I think that a heavy buy rising to the upper 10k could change the course of actions now. But if we go a bit further down, especially if it happens so fast as it happened now, then even a heavy buy will seem to be a good chance to sell. As a mirror image of a drop being a good time to buy. Then "correction" will change to be "fall" for the little people.
I think saying always, never, ever, last chance etc. is not a good idea, not only in crypto, but even in the everyday life. It represents impulsiveness, overexaggerated emotions, and overconfidence. One must show a little bit of humbleness, for there are no people who can say anything for 100% sure. And in this space, lack of humbleness can burn you badly.
The raging emotions and euphoria is shown by the number of mooners, the fact that negative news did not really have a negative impact, the lack of strong positive news as basis of the rise, and the fact that people who made basic or downright amateur technical analyses about rising and rising and rising again are suddenly among the the top authors, side by side with the really professional authors who have an unbelievable amount of experience. This shows the sentiment, and the lack of reason.
Anyway the previous drop was bought up quickly, many considered it a chance to buy at four digits again. But afterwards, the buying was not so confident. This represented that people were hurt by the drop, and the cloud of euphoria was partially blown away. This was a healthy correction after all... right?
Now it is again a healthy one... right? No problems. Its like having periodical pain in the chest, and not going for a check up because it is not so bad after all. And anyway it was after a heavy workout, so it is totally normal, downright healthy... right? Shows that your heart is working. Right?
No its not. The whole thing is not healthy. As I described in my previous analyses (or rather simple essays, these are no analyses) I dont think that anything was healthy about this rally. I explained my point of view thoroughly. So there can not be any healthy correction, if the market itself is not healthy.
Most of the rise was MADE, and the falling is Made as well, by people with money. Do you think that it is me and you and the other insignificant little people who make the price rise? Do you think it is us who make the price drop like that? I dont think so. Little fish are the ones who feed the big ones, but they cant really influnce what they do.
Do you think that people with big money did not notice the lack of confidence now? The lack of will to buy at levels which should not have been touched ever again in eternity according to many? If you notices, they noticed. Do you think they didnt anticipate this?
And it seems like it is time for the big fishes to digest, and let the little fishes relax a bit under their little rocks. And then when its calm and silent again, they will come out.
This doesnt mean that I am sure that we will fall down to the cellar now, noone knows that for sure. A whale can trigger a large buy anytime. But I am really sure that the little fishes are frightened now, and wont easily stick their noses out, unless provoked intensely.
I see good chances that we will fall further. That big people are interested in furrher downside. I think that a heavy buy rising to the upper 10k could change the course of actions now. But if we go a bit further down, especially if it happens so fast as it happened now, then even a heavy buy will seem to be a good chance to sell. As a mirror image of a drop being a good time to buy. Then "correction" will change to be "fall" for the little people.
Comment:
And here came the aforementioned whale, who triggered a hilarious buy which kicked up price by 10% in a matter of moments. Regardless of whether I am happy or not with seeing a higher price, this market is becoming a big joke. Unfortunately, a very dangerous joke for the little investors. These events are the reason why I called btc "b*tchcoin" in one of my previous analyses. It is being eff-ed around like a shitcoin. Im feeling sorry for seeing the market and the brilliant idea behind it being tossed around like that. But guess we have to get used to it. Anyway, I still love the whole background and concept, regardless of the greedy whales.