Crypto4light
--
The market sentiment right now feels just like it did before the FTX collapse. The only difference is that Bitcoin was at $18,000 back then, and now it’s at $97,000.
Let’s be honest—everyone who wanted to profit from Bitcoin has already done so. And in reality, no one really cares where Bitcoin goes from here. What difference does it make to the majority whether Bitcoin reaches $120K or $250K if all the liquidity is in it while most people are stuck in altcoins?
It’s moments like these that expose the true intentions of those who claim to care so much about Bitcoin and the adoption of the crypto sector. The truth is, no one cares. We’re sitting here with bags full of altcoins, and every week the market generously gifts us a new bottom.
Right now, I’m only speculating on intraday futures. Of course, deep down, I want to believe that I can take a “safe” 2-3x leverage, open a position at the absolute bottom, and ride any altcoin to new all-time highs. But by the evening, I end up closing the trade because the latest drop wiped out even those who longed StarkNet at $0.29, liquidating even third-leverage positions after pushing it down to $0.17.
So my thoughts about the spring remain the same—nothing fundamentally new. What’s more frustrating isn’t just the altcoin market itself but the time wasted staring at charts and doing research. And also, how the market has become increasingly dependent on media and external factors over time.
Before, we had decentralization but few participants and little liquidity. Now, we have a massive influx of people and huge liquidity, but the rules are no longer decentralized. The market is now controlled by big Wall Street players, who, in turn, influence media sentiment. And those players are controlled by elites playing geopolitical chess.
A closed loop, where at the very end sit us—the traders and investors—who came here to work on decentralization. The irony.
#altcoins
Let’s be honest—everyone who wanted to profit from Bitcoin has already done so. And in reality, no one really cares where Bitcoin goes from here. What difference does it make to the majority whether Bitcoin reaches $120K or $250K if all the liquidity is in it while most people are stuck in altcoins?
It’s moments like these that expose the true intentions of those who claim to care so much about Bitcoin and the adoption of the crypto sector. The truth is, no one cares. We’re sitting here with bags full of altcoins, and every week the market generously gifts us a new bottom.
Right now, I’m only speculating on intraday futures. Of course, deep down, I want to believe that I can take a “safe” 2-3x leverage, open a position at the absolute bottom, and ride any altcoin to new all-time highs. But by the evening, I end up closing the trade because the latest drop wiped out even those who longed StarkNet at $0.29, liquidating even third-leverage positions after pushing it down to $0.17.
So my thoughts about the spring remain the same—nothing fundamentally new. What’s more frustrating isn’t just the altcoin market itself but the time wasted staring at charts and doing research. And also, how the market has become increasingly dependent on media and external factors over time.
Before, we had decentralization but few participants and little liquidity. Now, we have a massive influx of people and huge liquidity, but the rules are no longer decentralized. The market is now controlled by big Wall Street players, who, in turn, influence media sentiment. And those players are controlled by elites playing geopolitical chess.
A closed loop, where at the very end sit us—the traders and investors—who came here to work on decentralization. The irony.
#altcoins
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,531.99
-0.76%