/biz/ - Business & Finance

>>53374376

I was and am a nu-bizlet who got into crypto in 2021. During that first mega bull market (where I made no money due to inexperience and retardation) I also thought macro factors mattered. I thought technology mattered. None of them actually matter. The only thing that matters is sentiment. The most important sentiment is normie sentiment because they're always wrong and you have to do the opposite of what they do. There are occasional normie sentiment threads on where where posters claim that normies are buying back in, but this is nonsense and I think those posters don't actually know any normies. Normies FORGET crypto even exists in bear markets, they have no concept of it. They only start buying in about halfway to 3/4ths of the way up. They don't move markets because they don't have the money to, so disregard boboposters asking "who's going to buy in at this point?" Institutions, and they've played retail baggies yet again and it's time to reap the harvest.