Lyrics.
Each cycle is the same, new heads appear who pay for interviews or podcasts to old heads and tell there the same thing that in the previous cycle the old heads told the previous ones, namely:
“This cycle will not go as usual”, “we live in a unique time”, “everything will be different and only I know how everything will be because I am special and I see this market, I have eaten this life, I have understood the deep meanings and I have a high gift” - well, and then blah blah blah and a bunch of brilliant ideas about how everything will be special.
The market is supply and demand, due to which the stages of ACCUMULATION - GROWTH - DISTRIBUTION - FALL - ACCUMULATION - GROWTH - DISTRIBUTION - and so on change. This is global, only the timings change due to the fact that any market becomes more massive, grows and it needs more time to change cycles.
THERE WILL ALWAYS BE A BEAR WHICH WILL ALWAYS BE REPLACED BY A BULL and there will always be locality, locality is the fuss that occurs within any stage, when a new participant enters the market, he always encounters locality and draws conclusions based on it, builds analytics on the tinsel that occurs during the day, during the week, during the month and since locality is always different, the new participant concludes that everything is special.
A cycle passes, the next one begins, and then comes the understanding that the globality is the same and there is no special feature in any cycle, but this cannot be read and understood, it must be experienced 😀
It is important, as you experience all this, to spend time studying the fundamentals and important things and analyzing specific projects that are interesting, and not to fill your head with listening and watching hourly blah blah logs from talking heads, to easily identify and filter out garbage by phrases like “this cycle will be special,” “everyone doesn’t see it, but I do,” “this will be the last cycle,” “there is a 100% option,” and other beacon words, a person who has figured out at least some percentage of the market understands that it is not realistic to accurately analyze locality, you can only guess, and globally the market is always the same, based on eternal fundamental principles, and this can be analyzed and there will be no need to guess.
