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Lark Davis Shared: The all-time high for bitcoin was only 34 days ago. Shocking how fast sentiment can change in the market.
Community Response: We are not going to see it over 100k until the next halving Bitcoin.
Isn’t it like that in life? We’re here now, we’re gone tomorrow.
In the years that we’ve been involved with Bitcoin, one thing stands clear ‘sentiment’ aka noob fear/hope aka weak hands, is largely driven by so called influencers peddling, click bait headlines, and drama driven content, which causes FUD and distraction.
At least Shit Coins are disappearing slowly from TOP 10. That’s the sentiment of the “100x gain You Tube clip crowd” now. We are very near the bottom.
It’s not the sentiment. Sentiment is the result of the price action. Price action is result of dumping by big player. The dumping is because they want to make money and buy Christmas gift. Wake up people.
They buy low/ dip. Sleep. Wake up. Sell high. Sleep. Wake up. Buy dip. Repeat.
Shocking, how much money you can lose as well. I think the market may continue to fall.
Don’t worry. What goes up must come down and what goes down goes way the fuck up later. If you aren’t buying the dip, then cheer on those who are, and just remember: Life is a shitshow with no guarantee of happiness. The only thing you really control is attitude and attachment.
Yes Lark, because the price is plummeting. If I were a whale, I’d be selling big to take tax losses and drive the market lower. Then, in January.
I don’t hold enough to drive the market lower, but NGL (Not Going to Lie) I thought about doing the same thing. Problem is that you’re still suffering a loss, but it does make sense if you think the market is going to continue to contract. Whales will buy back in if they take this approach. 40 percent down before next leg up? Did you divination?
Ha, I didn’t but TA (Technical Analysis) tells us that there are many 40 percent corrections and then we go way up. I hope so. I think we are about 40 percent down from ATH of 69,000 right?
Lark what do you think? We are in BEAR market or not? It is the only thing that interest to us. The bear market is still. But the fundamentals are still here, there has never been a safer time to buy Bitcoin.
Sorry man, I promise I’ll buy it all back at discount. Now, seriously, this correction was just too unexpected (sentiment-wise) before the end of year.
Sentiment follows price, sentiment can move down so quickly because price goes down quickly. Quick Math
I know we are in a bear market when u tweet every 30 minutes.
Buy low – sell high sentiment. So all-time high must be selling time. To be fair, there are a lot of new people here only in it for the fiat gains. They don’t see past the current moment. Especially, when people claim 100k by end of year and it doesn’t happen.
Have we have not been through 9 bear markets and 12 bull markets in this time? Based on sentiment, I’m positive we have. Patience is the key. I also often check Bitfinex charts but when I feel I might get nervous I just do anything else to distract. You lose money when you panic sell, not because of a temporary dump.
I promise to have and to HODL Bitcoin, from this day forward, for better, for worse, for richer, for poorer, in sickness and in health, until death do us part.
Forget reading charts or your crystal ball – good investors know human psychology!
Obviously. You have experience so you should know a lot of people can’t control their emotions.
