/biz/ - Business & Finance

Don't be that one anon trying to pinpoint the absolute picobottom of this bear market.
You should most definitely have a decent chunk of cash/stables ready to buy any potential puke candle and further downside, but you should also entertain the thought of 25K possibly even being the bottom. Have invalidation points for any way the price action goes, what do you do if the price goes to 40K? To 50K? To 70K? 80K?
>b-but it won't
Most probably it won't any time soon yes, but what if it does go there? Yes you should also know what to do if it goes below 10K even, but do you have a system ready to know when your bias has been invalidated and to know when to get risk-on again? That's all I'm trying to say.

Yes everyone is waiting for the next "capitulation", yes a lot of projects still have incredibly high mcap while being absolutely worthless with Doge still being in the Top 10, but don't be that anon who didn't even entertain the thought of accumulating anything during peak fear in all markets where headlines are unironically stating total economic meltdown and nuclear warfare as reality to retail. Don't be that anon who watches the March 2020 covid crash and still just watches from the sidelines because it must go lower.

Has there ever been more fear in the market than now?
Fear in the market, on the streets, in the headlines, absolutely everywhere. Everyone in paralyzed fear from young to old, poor to rich, retail to institutions. ATH demoralization on all fronts. Even during depression world war times people weren't this much in fear even though they were near starving to death.

Today I saw a kid run out of a store while waving some bag of candy at his friends while yelling at them in panic INFLATION INFLATION INFLATION because the bag costs more, again. I don't think kids were doing that even during actual hyperinflation times. And let's not forget the 2 years of pure fear spewing scamdemic reporting.
Even if everything reverts back to "normal" in like a year, many will stay mentally fucked from all this till the day they die.