The sentiment in crypto market now is the same as it has always been
Crypto market has come a long way over the years; we have seen many technogical improvements, the rise and fall of ICOs, the era of the NFT, but one thing that hasn’t changed is the absolute hysteria and panic of investors.
No matter how much people are told to research things, complete DD and invest what they can afford to lose – every single cycle we see the masses buying high, selling low and giving in to the raw emotions of FOMO and FUD.
This is not the end of bitcoin or crypto, this is a Monday in the world of crypto. How many times have we seen this before and also how many times have the crypto ‘news’ outlets decided to mass release their crypto ending news at the same time as a dip?
Crypto has always been manipulated to take advantage of the weak and nothing here has changed. Right now the market is at the prime position to buy. People were screaming for 30k BTC 6 months ago and now you’ve been given something even better. Will it come back up? Most likely! But what if it doesn’t? Then maybe you shouldn’t sell your house to fund it!
If you believe in crypto long term then right now is an amazing opportunity, if you’re around for a quick win then boy you are in the wrong place. The market cycle has always gone on and the longer you spend in the crypto market now the more you will trust it and ignore all the noise.
Source: https://www.reddit.com/r/CryptoCurrency/comments/vbpk4c/the_sentiment_here_is_the_same_as_it_has_always/
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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