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RE: The Irrationality of the Crypto Market
Before the dump I think there was something like 3 billion in longs between 100-105. It was a recipe and fuel for a correction and all Powell had to do was throw the lit match with some fud and boom, back to 100 we go from the liquidations and panic sales from a spooked market.
For those of us who are in this for the long haul, just another day in crypto. A cow farts in the wrong field and it's all doom and gloom. Let the day traders play the slots as both sides gamble themselves into liquidation trying to get rich quick. Then we can find ourselves a nice neutral place to move up again. DCA removes all fear of the hourly, daily, weekly and monthly turmoil.
0.00114366 BEE
I agree. I often said there's too much of a gambling mentality in crypto. I watched a video with an influencer who was into the small cap AI coins of all sorts the other day, and boy... he seemed hit by something close to insanity. And maybe he was even successful, I don't know nor do I care. I don't want to get like that, whatever state of mind that was.