Don't buy now

People it's the time again that fear is completely gone and people start more and more to show some trust in the market. Bitcoin with the free Bitcoincash (exept at poloniex) and the rais to 3390+ shows us how attention works by the amount of posts that already have been made about bitcoin. The vlog guru's and oracles all start do do their thing again which is making content eacht day about something so it's not more than logic these events get people triggered and triggered and triggered. What many may forget is that the consensus lays with the Segwey event and that the raise probably will see or a major correction or it's going to shoot even higher up. However the more people buy bitcoin based on the short term and on the hyped new all time highs the more people there also are investing more than they can take financially in bill land.

So what after all the hyping when we go to september. What will happen ? Well I guess it is going to show some correction at least a little bit. I don't think it is going to 10.000 yet so fast what all are posting about. It is the nature of FOMO that is doing this. whiles the fear of holding on long term will cause the drop down if it comes. So I may gonna say now like all others do that this is no financial advice but for a difference I will not lie and say that. Why should I otherwise talk about this if it's no advice? I have a background in financial services that had to do with stocks at and during the brexit for example, I saw people lose lots of money just because the depression fo brexit caused a giant short squeeze followed by optimism or should I say it was a giant correction.

So lookning at these markets shows us what happened to Brexit and we see that at the time all where thinking the worst. Actually it only happened to the weaklings that sold in the day that Brexit was going to happen.. When now predicting with super logical and rational mind of what eventually could happen now to BTC we can just assume that the patterns that show are going to happen or not. I would only buy if the situation is asfollow:

Situation : Uptrend, many people optimistic, less pessimistic -> Warning it's about to fall <-people write and people working as youtuber or for other start making content like: How i made ... how to become rich... whats the next big thing.. etc.

Situation 2: Downside move, lots of people into fear and uncertain future --> Sign of a turn upside Content appears like ''when does it end''.... ''massacre on the markets'.. a red day for... etc.

To point this out with a very simple cartoon about how the market works is:

So where would be now you say ? We are in the disnail if you ask me.

Consider this as financial advice. It is not only about one or two company's. The Bitcoin is a big market where it's been used. The factors that have influence on the market as a whole can or must be seen different because projects or businesses can communicate about upgrading more often in a more specific way. The markets in crypto as a whole react due to the size more on factors like emotional fear and optimism. Be carefull what you do now! But my advice is to wait and see what happens. If you are convinced it goes to 10.000 then you'd be in the long run anyways so it doesn't matter now if you buy or not. you could make a budget and buy when small dips each time to correct yourself up again to have cheaper coins but the for the same amounts.

Thnx for reading. If you like more of this follow me @seveaux. Don't forget to vote so I can check you out too.