The Market Will Mess With Your Mind (4).
I wrote the third part of this post, which you can read here This is the fourth part. I will keep doing this until the market completely leaves the red zone, God willing.
Yesterday was another crazy dump in the crypto market, and it did not seem strange or surprising, which is probably because we are used to these dumps. They now occur at least once every three days, and Thursday could be the next big dump.
The market has already corrected by 30%, and the next one is expected to go even lower; will this happen? Nobody knows. Remember how everyone believes Kamala Harris will be the crypto-antichrist?
Kamala Harris was not the apocalypse afterall
So we did not get her, but we did get a meme-coin launching pro-crypto President who has since gotten into the business of pumping and dumping the market with his antics and showmanship.
Thank you, ser Trump; we now live in a new world thanks to the innovations you have introduced to crypto.
I believe we have reached our psychological pain threshold, which is why these dumps no longer move us. I mean, it now happens every three days, and we can somehow predict the pattern.
In fact, you can decide to short BTC on Thursday and be surprised to make some money.
Why?
These dumps are almost predictable. So no one is talking about them anymore. The only people still lamenting are those who have not seen anything like this in a while.
It's painfully boring
Almost everyone I know who does exceptional crypto analysis is not sure anymore. I mean, it is probably boring to post about market dumping today and then come back in two days to discuss another bigger dump.
So most people are used to having these flashbacks, and there is nothing particularly exciting or frightening anymore. The real thing starts when something strange happens; for example, if BTC fell back to $75k, no one would be alarmed because I believe we have reached maximum pain levels.
However, do not take my word for it. That is, Trump could come out in the media tomorrow and say something financial scary, causing BTC to plummet to 68k, and perhaps that will be the next new level of pain that ushers in chaos and disorder. I
do not believe anything is impossible now. However, I still believe Trump is only a catalyst. The market always provides the necessary catalyst. Perhaps this is why the market surged following Trump's victory: it was not truly organic.
More pain?
If you look closely, no one is talking about that much pain anymore; we have seen lows of 74k and alts dumping as well, but who knows? We are in a period of never-say-never.
It appears that March has been one of the lowest months in the last six months, and it may be time to begin to anticipate what April will bring.
If I recall correctly, the market did the unthinkable in December 2017 and then pumped even harder in January 2018. So we might be in for a slower year, with all roads leading to Q3 and 4.
Prepare your mind; we may begin pumping hard tomorrow or dumping the following day.
Except for the fact that we are excited about the summer and the coming months, this cycle appears to have no playbook or prerequisites. The truth is that no one knows for sure, but we are learning from this cycle.
I believe we are. In my opinion, we may continue to do crawb walk, dumping, and recovering until the end of the month; it appears that we have a full-fledged bearish month on our hands, and it appears that we are finished for the month.
Perhaps we are now looking forward to April, even though we still have about 20 days until the end of the month.
You my friends are everything
So, what should you do? Do nothing. You sell, you lose. Technically, you are already losing, so selling makes you a clear loser. However, holding is the most difficult part. When the market is dumping, holding is the most frightening aspect.
However, we'll eventually see it all out. It was another dump day yesterday, and the dump continues today. For us at Hive, keep interacting with and curating your favourite accounts. Your current friends are the ones you should remember when the market changes why? They obvious kept you going.
Interested in some more of my posts
Why Is the grind getting harder?
Monopoly Is the Death of Civilization
Survival: Choas and Scarcity
Crypto: Gut & meaningful Connections
What is the primary barrier to entry in Web3?
What Are Some Things You Should not Do During A Bull Market Year?
Except you're sitting in an overleveraged position and liquidation is staring you right in the face. In that case, the line between losing and getting wiped out becomes blurry enough for selling to begin to look really enticing.
The bearishness has taken the market by the horn and it doesn't seem like it's letting go soon. Like you said, we're in a never say never period in the market right now. People who though BTC would not go below 80k any time soon before March started have now even began entertaining the possibility of a 60-something-k Bitcoin. Sigh.
I think a lot of the crypto do it. Remember when BTC was pumping hard back in 2021 and people were screaming for 400k. I think it's just how price predictions tends to trend. Although almost everyone in the space is always proven wrong nowadays and no one simply knows how the market intends to move
I think the no playbook aspect that the market is showcasing now is what really gets on the nerves of people, one hour there's a glimmer of hope that the bottom is in and another hour there's fear that more dump is clearly ahead. Preferably, it may be a good idea to just disconnect from crypto altogether for a few weeks and come back again but I don't think this is applicable for many.
It's a good idea to disconnect, but a lot of people have CEX wallets and these wallets sends notifications of the dumps that are actually happening. Although we set these notifications. However, it's hard to disconnect because of the emotional attachments
It's best to have a plan when there is all that uncertainty going around. Honestly, I have a feeling that Trump wants to drop the market into a recession, and the trade wars just fuels that speculation. We might be in for a rough month, but BTC and crypto tends to pull through just fine once the market recovers.
I'm looking forward to what Trump hopes to achieve with the chaos he's creating everyday honestly. You're right, eventually I think we'll pull through at the end.
Hello
Russian crypto bloggers have kept their mouths shut.)
There is silence on YouTube - any video about crypto causes a lot of negativity in the comments) So it's time to BUY!!!
Loool why is this so? Is it because everyone is scared?
They are afraid of negativity from the community (they said that Bitcoin will not fall below 82) ))
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This market is really playing with our emotions right now and the unfortunate part is that it's stretching the patience of newbies in crypto. The dumps don’t even feel surprising anymore. Everybody is just waiting for a spike up or spike down. I have hope still though because bear is a season not a way of life
Exactly, most newbies don't know how it works so it's probably more uncertain and scary for them. I got in during a bull run, experience two cycles ever since.
oh wow then you got it at a powerful time. One friend I was talking to today about newbies is that if they were to get into Hive in the season and stay committed they'll actually be accumulating more tokens than in the bull season
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