stefanscrivener
United Kingdom
4m
🚨 CRYPTO HOLDERS 🚨 it’s started… If you’re holding, draw a trend line. If you’re a slightly more experienced trader, recognise you’re on the backside of the move. I’d personally de-risk and re-enter on confirmation of a reversal. There’s further to fall if these obey the same trends as stocks. What we’re seeing is that crypto is cyclical. I still believe crypto “assets” are the real bubble. Keep them on a very tight leash right now or get out while you’re green. Remember this post. I hope I’m wrong, but from my analysis crypto will make millions poor. Bitcoin, and immeasurably worse, hype coins, are faith-based constructs without foundation. You could consider them a pump-and-dump with no intrinsic value beyond belief. Institutions are buying because you’re in it. The moment they take their money off the table (and they will), you’re left holding very red bags. It isn’t just one of them. You know this by now: if Bitcoin pulls back, they all do. The withdrawal has begun, but it’s gradual to prevent a retail evacuation. Day 1: ~7% pullback (bearable; maybe a freak or risk-off day) Day 2: another ~10% (“I can’t sell now, I’m in too deep”) Day 3: another ~10% (“I’ll hold and hope; surely it can’t get worse”) Or strip out the inner gambler. You’re already gambling by definition, especially on something with no intrinsic value. Do what smart money does: “Time to sell; I’ll get back in if the trend resumes.” I know this pattern. You can’t run fundamentals on something propped up by faith; the “value” is arbitrary. Institutional and smart money are moving out. Ask yourself why. Set a max you’re willing to lose now. Without that, you’ve got zero risk management and you may end up holding something potentially worthless, if it isn’t already.
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