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RE: Listen to the Market's Whispers (October/November Support)

in #bitcoin5 years ago

I dont really have any kind of strategy related to the bear or the bull market.
I dont speculate. I wait.

Accumulation during bear and selling 50% at steem 5 usd and 10 usd. 25% at each price point.
Its hard to expect new money coming in so soon after the massive bubble we had.
These mild fluctuations and money consolidating in bitcoin doesnt mean anything. The best you can do is maybe guess the movement inside crypto sphere but thats it. People are greedy but theyre also very cautious. When they see 98% loss of valur in the alt market people are become extremely cautious.

The structure of the alt market can be compared to a circus. A reality show.
Look at the MCs of some tokens. Trx, btcg, dogecoin, etc...
Investors seeing those things will rakn skeptical of crypto.
No... Time needs to pass and crypto needs a cleansing. Not until that happens will we see any major adoption.

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Hm yeah we'll see what happens when the FED starts dumping stocks, bonds, real estate, and lowering interest rates under 0%.

I'm sure we'll talk more about this come the end of the month.

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