The Negative Crypto Hype Train is in Full Effect
New calls for sub $1000 BTC are rife, at this point. This latest run to the downside, which has lasted for over a year now, seems to be finally reaching breaking point for many out there. I like to use YouTube and the news, as a guide to what the general feeling is overall for crypto, and it don't paint a pretty picture, I can tell you.
Many crypto YouTubers are slowly showing signs of pressured angst. Most of the "big" names that I'd regularly watch several months ago, are all but gone. We are left with only the core believers, who even themselves are beginning to feel it. I won't be mentioning any names but it's not hard to figure out who I'm talking about. However, this might just add up to a very positive overview of things to come in the near future.
Countless numbers of people who got caught up in the crypto mania of 2017, have long bailed out. And if you've made it this far, then I firmly suggest you sit tight and ride the rest of the storm out. As I'm almost certain that the next cycle of "mania" ain't as far off as you might think. Whereas the overwhelming majority of people run for the exit when prices are low, this is an investors haven. Collecting the "good" coins and stacking, is where the real opportunity lies at present and preparation for the inevitable next bull run should be our sole focus.
I'm past caring anymore, guys. Quite emotionless to the whole thing actually. Buying and accumulating crypto has become more of a mechanical process than anything else. And this where I intend to stay until the markets reverse. Remember what bull runs for BTC can look like, right? Well, those who left will come running back, but when the ship would have sailed already. The same old story, the same old outcome. Every damn time.
The contrarian move is around the corner now. How rich will you become when at the peak of the next market cycle?
I honestly want to believe we have hit bottom, the most recent push past $3500 was met with stiff resistance and most alts were not pushed down too hard in the process, showing signs of seller fatigue. Overall though market sentiment is extremely low at the moment with many people feeling like you and "not caring" (myself included). However, this is the best mindset to have though when trading as it allows us to look past emotions and trade mechanically for profit. Over though good article thanks for the read.
Looks like we're on the same page there, buddy. :)
I feel sorry for those who've lost faith but don't blame them, it's very tough psychologically to hodl during a downturn as long as this. If patterns repeat, we'll start to see a 2yr sustained bull run around mid-2019. I hope so anyway.
Many people have already written off this year. I, like your good self, hope to the contrary. :)
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If you get to this point, we should hold.
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Most definitely. :)
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Same here buddy! I remember waking up to see prices or having them on my screen all day; now, I can go a day or two without knowing the price of most crypto. Long term should have always been the focus. Those that remain will probably be the ones to add the most value.
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