Dear Friends, yesterday I came across some interesting thoughts on Twitter of one of the founders of a crypto project. I decided to share them with you.šØšØ
Before I begin...šš„I'll likely make my content private soon, so make sure to follow me here , so u won't miss this and my future content.
š¤Let's start with the fact that the psychology of cryptocurrency market participants has changed dramatically in this cycle. In previous cycles, participants mostly had a HODL mentality and bought on the downside.
š„In this cycle, participants are mostly adhering to a short-term trading mentality and are constantly looking to lock in profits, despite the fact that few succeed in doing so in the long run. I believe the main conduit for this has been memecoins.
š»The reality is that markets are very difficult to predict, and the fact that so many people believe they can call a ātopā on cryptocurrency now leads me to believe that cryptocurrency is in for a much longer-than-expected uptrend this time around.
šYes, there will be intra-month volatility, but pullbacks will likely be in a ābuy the dipā scenario for much longer than everyone expects.
The real top for cryptocurrencies will be marked when the short-term mentality ceases to be the dominant form of thinking in this cycle and many short-term traders return to long-term trades!
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