/biz/ - Business & Finance

>>56638165
>As long as even one person in the world remains bullish, price must go lower
Midwits cannot into context or scale or nuance.

In March of 2021, the midwit saw some normies on twitter spreading Dogecoin memes. (DOGE was 6 cents at this point) The midwit proceeded to tell himself:
>since I am smarter than most people, I cannot be classified as a retail investor. If I am not retail, I must be in the same class of investors who are institutional investors.Therefore I am a proffessional trader.
>retail always buys the top and sells the bottom
>retail traders are piling into DOGE right now
>This must mean the top is in
(DOGE did a 12x from here)

There are virtually no constants in investing. There is not one single rule or chart indicator or market metric that is 100% true or reliable. If there were, arbitrage bots would be put in place to capitalize on it.

The fact that there are 5 people still left on biz that are bullish on LINK is not the top signal you think it is. If you really think about it, the peak of the 2021 bullrun had 95% of anons bullish on LINK, while 5% were bearish. Right now 95% of biz anons are bullish on LINK which may seem like the same exact scenario as when we hit the top, but you have to account for all the people that left biz and left crypto for good. These people do not post on biz today which is why the overwhelming sentiment on here is bullish. This phenomena is called Survivorship Bias. Despite the fact that link is up 200% from the picobottom, biz and crypto is still absolutely dead, relative to 2021 and there is still so much room for growth.