/biz/ - Business & Finance

NO DEAL ON FTX

THAT'S IT. IT'S FUCKING JUDGEMENT DAY.

This isn't the bottom, is it.

:(

The bottom is in.

The bottom happens when people get bored, despondent and don't see a way up.

People don't get euphoric at the right time. They get euphoric at the wrong time. They are never prepared. The consensus opinion right now is dump to 14k then everybody gets to buy the bottom. This won't happen. This is due to a combination of erroneous assumptions, like btc having to dump by the same percentile amount every bear market. It doesn't increase by the same percentile amount, so this should be an obviously flawed realisation. Many optimistically think they will get a great entry and everything will be perfectly timed. This can't happen either. The market is guided by the top players only. Everybody expected a blow off top to 100k, instead they got a distribution top because the top holders predicted this and reacted to it. Now the top cash holders know everybody is ready to buy at 14k, that commits a high confidence telegraphed price floor to be front run.

tl;dr bears are fucked

->>HUMAN NOT NEEDED<<-