Livio Picard
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Bullish
THE MARKET IS STUPID
In a bull market, the market becomes stupid. Let me explain what I mean by that. When I say the market is debilitated, I mean that extremely irrational things are happening in the market, and it's not normal. Let me give you some examples.
Look at the previous bull market: observe the wave of NFTs. Digital images of monkeys were sold for millions of dollars even though they have absolutely no fundamental value. Shitcoins skyrocketed by x100 in a few days even though they were based on nothing.
During this bull market, we can see the beginning of this debilitated market: many people started investing in completely silly memecoins that have no value, and the worst part is that everyone is bullish on these memecoins: they believe in them strongly, and some have invested all their capital in these nonsense, and are now facing huge losses.
Several dozen people have contacted me via private messages on Twitter showing me their portfolio to tell me that I was right, that you shouldn't listen to crypto influencers who tell you to buy trending cryptos, as it's a sure way to lose your money every time.
That's what I mean when I say the market is becoming debilitated: stupid things are happening in it, irrational acts are being made. Fortunately, crashes during bull markets exist and they are there to bring these Sunday investors back to reality, who just keep giving their money to the big players. They calm down during these moments, and after taking a huge hit, they start to learn. It's unfortunate, but necessary: it often takes a slap in the face to truly learn from one's mistakes.
Don't be one of those debilitated actors, act rationally by keeping in mind that the priority is not making money but preserving that money.
I hope some will understand and implement these advice.
This post represents my personal views.
Thank you for reading.
Don’t hesitate to like, comment, share this post and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded.
Livio P-V.
#Write2Earn
In a bull market, the market becomes stupid. Let me explain what I mean by that. When I say the market is debilitated, I mean that extremely irrational things are happening in the market, and it's not normal. Let me give you some examples.
Look at the previous bull market: observe the wave of NFTs. Digital images of monkeys were sold for millions of dollars even though they have absolutely no fundamental value. Shitcoins skyrocketed by x100 in a few days even though they were based on nothing.
During this bull market, we can see the beginning of this debilitated market: many people started investing in completely silly memecoins that have no value, and the worst part is that everyone is bullish on these memecoins: they believe in them strongly, and some have invested all their capital in these nonsense, and are now facing huge losses.
Several dozen people have contacted me via private messages on Twitter showing me their portfolio to tell me that I was right, that you shouldn't listen to crypto influencers who tell you to buy trending cryptos, as it's a sure way to lose your money every time.
That's what I mean when I say the market is becoming debilitated: stupid things are happening in it, irrational acts are being made. Fortunately, crashes during bull markets exist and they are there to bring these Sunday investors back to reality, who just keep giving their money to the big players. They calm down during these moments, and after taking a huge hit, they start to learn. It's unfortunate, but necessary: it often takes a slap in the face to truly learn from one's mistakes.
Don't be one of those debilitated actors, act rationally by keeping in mind that the priority is not making money but preserving that money.
I hope some will understand and implement these advice.
This post represents my personal views.
Thank you for reading.
Don’t hesitate to like, comment, share this post and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded.
Livio P-V.
#Write2Earn
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