I'm not a doctor, but I do go online to pretend to be one. I didn't even major in market psychology or finance. Heck, I'm not even a full time self-proclaimed daytrader. I do have a 2021 sedan's worth in spot buys though.
Let's pretend we don't fully understand liquidity and create an unlikely scenario that is the complete negation of what you might call The Bullish Narrative. For humor and education's sake, of course. Food for thought, so to speak.
This us for all you moonboys out there.
Ya'll need to stop Longing shit for one day. Just one day, no Longs. See what happens.
The market would go where uninformed people aren't so desperately trying to take it with their 20$ 125x's.
Everyone could make a buck, or at the very least not -300% ROI their long positions day in and day out. I do hope most of those are photoshopped, btw. I have not in my years of trading ever seen such continuous recklessness and trust in your own clearly uninformed convictions.
HODL is never selling - What if all your trades were only asset sales or coin-M leveraged shorts for one weak-looking day. If enough people sell what they have, and leverage that too, the price could go down to zero. It of course won't because you would speculatively anticipate a turn towards bullishness as key levels whizz by this red tornado you're now riding on, and start turning leveraged short profits into buys. Buys, that would slip right in between the locked liquidity that's just waiting for the red tornado, ready to soften, and eventually cushion and bounce the fall. But wait, you're now left with all this moolah from the short and the price is shooting up. What do you do now? FOMO in with your 20$ 125x and screw it all up?
Writing this BS for Binance points, so take it with a grain of salt. Or don't, I do enjoy a good pullback short scalp. You will run out of 20's before I do.
+1% a day is +3700% in a year.
