First of all, let me start by saying I have no clue if this is right or not. I am just an amateur like most of us who stumbled into this Crypto thing and then put some money into it. (luckily most before November, sadly some after) So I am by no means an expert but this is not about advice on buying or selling. This is seeing where you are on the emotional scale below. Did you experience this wave as well or are you an ice cold trader that does not care about value only about swings and movement?
Right now I am still 30% up on my overall investment so I am not to worried but that does not mean I am a fan of this crypto market bloodbath.
Now here is my limited view translated on a cool chart that I can follow, I think I have hit all these stages lined out in there. I think lucky for me that I have been able to survive the panic and capitulation stage and have not caved or sold it all and took my losses.
Euophoria was December with that FOMO supported all time high (we all recall BTC was at 20k or so) and you had all so called "crypto guru's" predicting it is going to $100k, maybe 500k (1 million and sucking their own dicks on live TV)
The present is a reality check
This is the phase where powers that be/banks/rotschilds and all those other 1%ers dont want to miss out, so what do they do? Coordinated FUD etc, drive the price down. The smart money needs to come into the space first and then they will allow things to move back up but not until then.
But do not miss the small signs of transformational progress.
- Coinbase getting Barclays account,
- certain airliners and retailers starting to accept BTC and crypto alts
- major hedge funds building positions
- ETH futures
- Circle buying Poloniex
- etc
The next wave will come, but first its time for depression and despondency
😪 I might depressed now but I feel a glimmer of HOPE
- where are you on this scale?
- did you sell?
- did you hold?
- did you start posting less on Steem?
- Are you buying now, or getting that Fiat ready?