We learned about South Korea's martial law, and the market experienced an immediate sharp drop, but it has since recovered.
Hive followed with some insane volumes and a decline on Upbit, but it is all recovered now, but I was wondering what would have happened if this had lasted a few days and caused some FUD, a few selloffs, and, you know, some more instabilities.
These situations will fuel more FUD predictions, and those waiting for positive sentiments to enter the market will be stalled. I do not believe we had these sentiments in 2020. In reality, if COVID occurred now, just a few months before the actual bull run year, I am sure the predictions would have been that crypto was over.
Does Time Equal Experience?
Perhaps the more cycles we have, the more bearish, bullish, or experienced we will become. Perhaps the more cycles we have, the more bearish, bullish, or experienced we will become. I believe that the influx of people into crypto with each cycle will exacerbate bearish sentiment.
People who called crypto a scam when LUNA crashed are back in the game, looking for the best x100; these same people are likely to return in 2027 to call crypto a scam once more. So why is it that they've experienced a cycle and how the market works and still terms crypto a scam?
Why can not we say that with their years of experience, they are likely to recognize that this cycle is a phase that will eventually pass? It is a complicated issue, but I believe it boils down to giving in to emotion rather than allowing experience to take center stage.
You would think that different market cycles would teach important lessons and produce mature holders, but unfortunately, this is not the case for the wilder populations. I am not saying there are not people who have learned lessons, gained experience, and become better; I am just saying that a lot of others do not usually learn, and it is probably difficult to be in the game for far too long if you want to learn and improve.
Instead, you have a larger population of people who are FUDish at every slight dip and bullish at every minor pump without understanding the principles underlying these price movements.
In reality, I understand that 2022 tested many people. It was not easy losing money to a bad player like Sam Bankman Fried, but he is one of those unavoidable bad players in the crypto market.
Crypto is a stinking wealth industry, and bad people will always want to take advantage, just as in the real world, charity organizations can be exploited to become sophisticated money laundering operations.
For example, I believe we will see a bigger catalyst in 2027, such as Binance failing or something major happening that will lead us to believe crypto is over. These catalysts are only going to get worse with each crypto cycle. Sentiments without understanding how things work will only make you a passerby, with no chance of ever being affected by crypto.
For instance, during this cycle, I have discovered that different sentiment can dumped or pump prices.
We have seen how crypto reacted to Trump's election victory, as well as how wars in the Middle East, Fed rate hikes, and other factors can create a somber mood in the market. It is been a crazy cycle in which the mooning of BTC alone for a long time led a few people to believe that there would be no alt season, and only recently has the sentiment begun to change due to alt movements.
I mean, it is amazing how people can go from here to there. With just one green screen, these guys are bullish; there are no fundamentals or principles, only the tides of the cycle to guide them.
In Conclusion
There will be a lot of predictions in the future, which will cause you to lose focus. If you're one person who is always whoring after crypto when the market is green, I'm afraid you'll never learn and that's it.
For me, I do not trust "predictions" except for the overall and realistic analysis of those who have actual experience in the game, and I believe you should do the same.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
Posted Using InLeo Alpha
