What it or not, the markets will always behave like this ...
Planeta Azúl
--
I see social media charts predicting that Solana will reach two hundred and some thousand dollars. They ignore that there is no currency that moves on its own; Solana will go where Bitcoin takes it. As soon as Bitcoin resumes its upward trend, Solana will rise to wherever Bitcoin goes. If Bitcoin were to correct below 98 thousand dollars, we would have to see Solana very far below $130 again, and the same would happen with Bitcoin.
As the saying goes: "Don't dress up, it's not going anywhere." All altcoins are tightrope walkers and they are currently high in price because Bitcoin is above 103 thousand dollars. If Bitcoin were to suffer a drop, regardless of the cause, even Bitherson would go back to $175, or are the prices of coins like Injective, which were at $7, unrepeatable? They have been deceived, and they have believed that prices will always remain at the top of the sky.
I remember that two months ago Uni was well below $3. Who can believe it will return to that price? They are "crazy for the FOMO" that influencers have instilled in them with their YouTube cartoons, presenting a world where everyone will be millionaires. When the market corrects and they hit reality, they are going to cry, and a lot.
The market is cruel and ruthless. Last week, until Sunday, 99% of traders were betting short on Bitcoin's decline. They are either stupid, or they think Bitcoin is foolish. If Bitcoin knows that they are waiting below to rob it and take everything away, do they really think it will drop? First, it rises to liquidate positions and then drops to do the same. It is so predictable. Unfortunately, we have gotten used to others thinking for us, and that is when we crash, because those who say they know everything are a lie: a kid from the neighborhood who set up a phone and a lamp and started saying nonsense, while thousands of fools watch him, scratching a screen and telling him where or how much this or that cryptocurrency will rise.
They are either crazy, or foolish. I won't say more.
GIORGIO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.