The worst people in crypto after the ones that have bought into Bitconnect a few years ago and got scammed by Trevon James and his acolytes are probably the leverage traders, high leverage traders, and the second worst crypto folks are the ones "feeding the whales".
Why does that happen?
Cuz people want to get rich over night, they think they know the market, the flow is running through their veins, the MAs are their allies, "funds are safu", but little do they know that they actually play against the house and the house always wins.
I have no pity at all for such market players, I myself have a friend who's into leverage trading, he's lost tons of cash, I told him to stop, I believe that there's probably 1% chance you could make money by leverage trading, but all of that doesn't mean shit for Bitcoin.
BTC is on a journey. On a hell of journey, not just against the damn falling USD and every damn currency in the world, but the world itself. If you see BTC as nothing more but a tradeable asset, then I don't pity you, if you see Hive nothing but a milking cow, I don't pity you for that either.
BTC is never going to go under $40k, I promise you :), now go long on it 100x :), that's financial advice by the way...
Well not really, I'm not advising anyone on leverage trading cuz this is probably the main culprit for market manipulation and plenty of individuals loosing money in crypto. BTC is, however, never going to go under $40k. Why? Because and his doubling curve say so... ;).
On a serious note, BTC is too big to fail, too "on time" to be that cheap and too much of a panacea to be ignored. That's how I see it, same goes for Hive, Ethereum, Elrond and a couple other projects that I would bet my money on.
BTC has consolidated soo much around $40k that will take everyone by surprise on how soon and aggressive it will blast through previous ATHs.
Anyway, hope you've bought the dip, cuz I haven't...:(, hope rekty rekters have learned their lesson and the pain will guide them into staking sats instead of gambling on BTC. I bet at some point they will regret not buying more...
What a shitpost... I felt the urge for one, I was getting too serious and too ignored, I really have to break the shell again.
Thanks for attention,
Adrian