Welcome back,
When I started learning about trading and things related to it, I was given a lesson by one of my friends and mentors. He told me that there comes a time when everyone in the market starts talking about the market.
Even the person selling tea or an ordinary man on the street starts talking about Bitcoin, stocks, or gold. That is the time when you know the market has either already touched the top of the cycle or is very close to it.
This happens because when the market is drowning and technical analysis is showing things that ordinary people cannot understand, they do not care about the market at all. But when prices start moving up and headlines become attractive, suddenly everyone wants to talk about it.
Something similar happened with me today. I overheard two very common people talking about how gold is going to crash or how gold is going to go even higher in the coming days, and what might happen to the market.
Immediately, I remembered the lesson given to me by my mentor and my seniors. I thought to myself that if something similar is happening again, then a shift might be close.
The good thing is that when the market eventually starts pulling money out of gold, that money usually flows into stocks and crypto. Stocks and crypto are considered risky assets compared to gold and silver.
I do not have any problem with gold going higher and higher, because the higher gold goes, the more money flows into it. And the more money that flows into gold, the more capital will eventually rotate back into the stock and crypto markets.
At this point of time, the market has already shaken out many participants. It has destroyed the confidence of a lot of people who entered without preparation.
But I truly believe that rewards will come to those who are patient and who are invested in relatively secure assets, not in extremely risky coins.
Most of the risky coins have already vanished from the market, and only a handful of strong projects are surviving.
So I do feel that we might see a shift very soon. This is not financial advice, so please make sure to do your own research before investing any money in the market.
Your Own Research = No Regrets Later.
Thank you and happy trading everyone.