Crypto is so hard
If only there was a YouTuber who told me $BTC would bounce from $73,577 back on Oct 24
Oh wait… youtu.be/-d0vAo2-HjU
Just ran into twelve consecutive $30k calls on $BTC and every time it’s been from an account with less than 30 followers with barely any posts
What’s going on here?
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$73k was a really high value zone that needs to be respected
It’s officially gone from sidelined to not that off the bottom, we’re talking a 5% difference to $70k and just up to a 15% difference for $62k
My prediction has been even if the markets give sideliners a chance to buy they still won’t - My proof is we hit $73k and the idea of buying is laughed at because “we’re going so much lower”
I’d respect this level
Quite confused on one thing
You realize monetary policy stayed tight because we were melting up right?
If we get this wicked crash so many are calling for you realize we’d brrrrr our way out of it
They kept policy tight for as long as they did to sit on a clip the size they have for an exact moment like this
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The issue with saying we’ll go to lows again and buy is that you probably won’t buy
It’s the same reason you didn’t buy in June
June low buyers bought, saying we can just buy on the next low where it’ll be around the same price is a hypothetical
You think non-June buyers waited an extra 5 months to buy at $65k? I doubt it
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“BTC holding $75k with NASDAQ crash”
I’m a bull, but it’s not that cookie cutter
We’re on day 1 of this “crash”, ripple effects yet to come
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Biggest mistake last cycle was being too bullish, I also made this mistake
Prediction: Biggest mistake this cycle will be not being bullish enough, bottom likely being in is just the first step
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You’re better off listening to someone who predicts what’ll happen next and gets it right >70% of the time than someone who’s a retroactive analyst and keeps a clean sheet
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Wanting a new low is one thing, wanting it in the next two months is another
Can happen, especially with BTC, but think about the ask for a second
Now couple it with not just you but everyone else who wants it
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Momentum is with the bears. Huge FUD with Binanace hack. Most talked about event of the quarter (midterms) is here.
There is an obligation to deliver and send it lower, if not that momentum will be fuel for the bulls to send it back above $83k.
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There isn't actually an equal bias of bullish or bearish on the markets
The default setting is up, unless the bearish argument is legit and overwhelming, you're often better being long
A perspective on why waiting to buy the low is foolish
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Almost a year later, stock market up 17%, and I'm now again starting to see stock market crash calls like then
Except all the people who posted the FUD at that time pivoted and are still kicking about, leaving so many retail sidelined
A couple days ago I saw more high conviction recession calls than at any other point in the past 3 years
WE WERE DOWN 5%
Yes! We absolutely will get a recession, but waiting for it is not the way to go - Buy the dips & practice good risk management
Higher!
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Question: Do Q4 bottom individuals realize the system they’re using either pointed to a macro low in June or Q1 next year?
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A reminder that a few months ago, during the start of the BTC pump from 60 to 80k, instead of promoting good tangible coins to buy - KOL's jumped at the opportunity to shill you memes on the hottest new chain
They're now posting the watches and cars they bought, you're already -PnL and we've not even gone bull yet
And when we make our move to $100k+, they'll do it again like clockwork
They're saying black swan, COVID style crash, Stock market collapse
Do you realize they need these insane claims to counter the strength of the melt-up we're going to get
youtu.be/pBX6eVuSgXA
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