I've asked myself many times - where are we collectively in the Crypto Market Cycle?
In each instance the question had to come all the way back to me. Where am I within the market - what are my feelings - what are my emotions?
It's been a process in learning to identify and articulate the specifics of my emotions and feelings. It is a skill that cannot ever be too developed....it's a point of ongoing refinement...a sort of "perfect practice" that just continues to develop and expand.
Anxiety and Denial - This is where I think the Crypto Markets are at the moment. Anxiety - everybody looking to report the 'good news' to keep things alive and positive....believing so much so that it is the news that moves the market. The news does help with things...but it's more about how the news influences emotions and feelings. All the good news when the market is in a correction is the necessary information to keep the majority positioned as bag holders for the minority of players who are willing to swing trade without any emotional attachment. Denial - this isn't going down...everybody knows we're going to the moon...that crypto is long term and it's best to just hodl. Why do so many people say just hodl? Because they are also hodling and it is the hopes that if people will not sell than the price will not fall - a bit of fear and insecurity here. Reasoning is rationalized and thought to be even of great integrity to just shut up and hold on.
Where do you think we are within the crypto market cycle?
I wonder if enough people shared the same principles - could this manipulate the market in a way that is favorable to the majority of participants?
Has there ever been much discussion about market movements for the collective betterment of humanity?
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