Iron Hand
@ironhand
281 Following
126 Followers
Early Week Musings
The market always behaves this way, causing around 95% of people to incur losses, lose money, and become disheartened. It makes even the most optimistic individuals turn pessimistic or fearful. Strangely enough, market makers (MM) know how to manipulate the psychology of players. As long as you're still in the market, most people have the urge to tinker, rush into orders, optimize ups and downs, jump from one asset to another, chase FOMO at the peak, or cut losses right at the bottom. Very few people can remain calm, buying and selling scientifically like in textbooks or in the 🥹🥹🥹.
At this point, after many ups and downs, only a small percentage of people are still profitable in the market. The majority are either at a loss or, if lucky, breaking even. The difference is that those who manage their capital better suffer less than those who go all-in or trade recklessly 🥲. 0 reply
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The market has been dropping sharply, then bleeding, then dropping sharply again, and bleeding again like it has been recently. This has surely caused many people to cut their losses on altcoins they were once very bullish on.
Most people cut their losses right at the bottom, which should have been a very good buying opportunity.
And then, once the selling pressure is exhausted, the price will soon make a sharp rise, causing those who no longer have holdings to experience extreme psychological pressure and FOMO.
When the supply is depleted and the selling pressure is gone, combined with cheap money and expanding credit, there will be no more logical reasons for growth to stop. The more coins are sold, the higher the prices will fly! 1 reply
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