Whale shopping
I don't have the time or the brain power to analyze prices, patterns or make very informed predictions, I just watch what 5000 IQ people are doing and try to adapt their approach to fit my measly portfolio so I can gradually unpleb myself. That being said there are moments in the markets evolution that are kind of obvious they will lead to something much bigger down the road and I think this pullback is that kind of a moment. Some bad news in the crypto world ( the Binance shit show ) coupled with the stock markets being a bit down have caused a significant pull back; but this may very well lead to some monster gains in a few weeks or months time. And I imagine people which can afford to are jumping on this opportunity to buy cheap and then sell high when everybody is fomo-ing.
Of course there is a possibility this is the beginning of a long bear cycle, with crypto strange things can always happen, that's why I hinted to the fact you must afford to make moves when things are not 100% certain, by afford I mean either being able to wait for the next bull run or in a worst case scenario take a loss.
I don't have the funds or risk tolerance to make these swings worth while and until Hive reaches at least $3 I'll be mostly on the sidelines meme-ing about how things are going :)
P.s Yesterday was the 2nd anniversary of the dumb storm Area 51 thing, and I'll pretend I totally meant to include the dude running behind the reporter covering the whole thing as a template for my meme, a subtle meme homage if you will. Totally not an accident ... much hidden meaning.
I'm in stable and certainly in no rush to buy!
we might go up from here for a good while
We might, but I play odds, and the global economy is on the brink of collapse, as it is being designed to.
When the share markets, and fiat, collapse, and they are about to, cryptos will drop too, even if that is illogigical.
It could play out differently for sure, but right now, I can tell you one thing...the NZ economy will not last as long as the Australian one has, and we will be held in lockdown over the imaginary virus until everything goes pop...
Long term I don't know how this will end, but the economy is already starting to fail, so this is not wild speculation. I am taking photos of empty streets and shops up for lease already.
countries have been in lockdown on and off for the past year and a half, some come out better than others but none have collapsed ( out of the developed countries anyway ). For you guys it's something new and scary but it's not the end of the world
Let's revisit that in 6 months - it's not exactly new and scary - we were in lock down for much of last year...
Melbourne has been in lockdown 235 days now so we know what nz is getting - lockdown until economic melt down...
There scary thing is that so few people realise what is happening...
They are like zombies.
you're stressing way to much in my opinion and it's not good for you
very true - had a break today
happy to hear that :)
Looks like a wycoff distribution to me.
That means down is the trend.
Until it's not.
Then it's fomo!
I'll have to google that :)
Nooo!
Use brave search, or duckduckgo.
sorry, it's a figure of speech at this point. I mostly use duckduckgo unless I'm searching for something specific and I don't get the results I want :)
Always has been
I hate it when people say that and then prepare to blow my brains in a meme :)))