I can guarantee the market will find the herd's breaking point
Many did not believe me when I let them know in 2018-2019 Bitcoin would collapse and they WOULD sell.
It did find their breaking point. A handful got lucky and survived, but the majority got wiped out.
If they had not sold it would have continued forever until they broke or the price hit zero, which ever happens first.
On the way up, same thing. We had a recent example with GME. Not just the short sellers but the less obvious casual buyers.
There were many people, I even know some personally, that "missed the boat" and "waited sidelines". They ended up buying at $350.
The market is a car salesman. "Buy now before the price goes up". "This is your last chance to buy". The novice majority gets a sense of urgency.
Sidelines + break is not the only way the market traps casual investors.
There are 2 ways the market manages to trap investors on the way up:
1- First way, as described, once it starts to go vertical, they "Feel They Have Missed the Boat", so the market continues going vertical, and it continues, and it continues. Until they finally can't take it anymore and FOMO in.
2- They buy before the top, but as always they snatch their profit as soon as it shows some green, the market continues to go up. They regret selling too early.
The regret ends up being too strong, which causes them to buy, usually at the very top (15,000 to 20,000 for Bitcoin).
3- Bonus! The victim. The victim wanted to buy 1 year early but his parents or spouse did not want the victim to "gamble" "real" money away. Once it went mainstream and kept going vertically long enough to convince novices "this is a sure thing", the spouse or parents, which are complete noobs, will allow the victim to buy. And then...
Article about & link to the survey where many say they missed the boat:
cryptopotato.com/30-...bitcoin-boat-survey/
"Our research found that nearly one-third (30 per cent) of investors will not invest in cryptocurrency because they feel they have ‘missed the boat’."
"29 per cent revealing that they would never have considered investing in cryptocurrency before the most recent bitcoin bull run, but they are now."
"A significant 55 per cent of respondents revealed that they have no plans at all to invest in cryptocurrency this year."
I have a message for the 30% that say they "missed the boat", and the 55% that trust more other assets and have no plans to buy crypto:
I don't know (or care so stop harassing me @bagholders) what anyone does individually, but as a group I PROMISE YOU:
- You WILL break. You ARE going to buy. Whatever it takes the market will find your breaking point.
- You WILL hold the bag when it crashes.
- You WILL end up selling on the way down. The market will once again find your breaking point. And I'll be here screaming that Bitcoin is going to zero to make sure this happens as fast as possible.
Here is the chart for Bitcoin in a screenshot version:
It did find their breaking point. A handful got lucky and survived, but the majority got wiped out.
If they had not sold it would have continued forever until they broke or the price hit zero, which ever happens first.
On the way up, same thing. We had a recent example with GME. Not just the short sellers but the less obvious casual buyers.
There were many people, I even know some personally, that "missed the boat" and "waited sidelines". They ended up buying at $350.
The market is a car salesman. "Buy now before the price goes up". "This is your last chance to buy". The novice majority gets a sense of urgency.
Sidelines + break is not the only way the market traps casual investors.
There are 2 ways the market manages to trap investors on the way up:
1- First way, as described, once it starts to go vertical, they "Feel They Have Missed the Boat", so the market continues going vertical, and it continues, and it continues. Until they finally can't take it anymore and FOMO in.
2- They buy before the top, but as always they snatch their profit as soon as it shows some green, the market continues to go up. They regret selling too early.
The regret ends up being too strong, which causes them to buy, usually at the very top (15,000 to 20,000 for Bitcoin).
3- Bonus! The victim. The victim wanted to buy 1 year early but his parents or spouse did not want the victim to "gamble" "real" money away. Once it went mainstream and kept going vertically long enough to convince novices "this is a sure thing", the spouse or parents, which are complete noobs, will allow the victim to buy. And then...
Article about & link to the survey where many say they missed the boat:
cryptopotato.com/30-...bitcoin-boat-survey/
"Our research found that nearly one-third (30 per cent) of investors will not invest in cryptocurrency because they feel they have ‘missed the boat’."
"29 per cent revealing that they would never have considered investing in cryptocurrency before the most recent bitcoin bull run, but they are now."
"A significant 55 per cent of respondents revealed that they have no plans at all to invest in cryptocurrency this year."
I have a message for the 30% that say they "missed the boat", and the 55% that trust more other assets and have no plans to buy crypto:
I don't know (or care so stop harassing me @bagholders) what anyone does individually, but as a group I PROMISE YOU:
- You WILL break. You ARE going to buy. Whatever it takes the market will find your breaking point.
- You WILL hold the bag when it crashes.
- You WILL end up selling on the way down. The market will once again find your breaking point. And I'll be here screaming that Bitcoin is going to zero to make sure this happens as fast as possible.
Here is the chart for Bitcoin in a screenshot version:
