If I were to describe the current market in two words, it would be "the market is dead."
There is total gloom among most market participants, aggression, fear, and disappointment.
No one wants to hear anything about crypto anymore. Chats and channels are silent. The depression phase is in full swing.
But it's important to remember that no one is disappointed at market highs – people are only disappointed when the market is approaching the bottom.
But, should I worry and be disappointed now? At a time when everything has dropped 80-90% from its highs? Thanks, but no. In my opinion, now is not the time for disappointment.
I will start worrying when everyone suddenly becomes a millionaire from crypto, when my personal messages are flooded with "which coin to buy" and the views on my channel skyrocket – that’s when I'll start "packing up" and leaving the market.
Since 2017, I’ve gone through similar phases several times when the market was "dead", and each time those phases were indicators of an approaching bottom, after which, over time, a moment of "euphoria" would come, and that’s when we really need to be disappointed and leave the market.
