Hello HODLer,
Just a quick message to express my thoughts about the current state of the market. The Fear & Greed indicator is one of the simplest but most useful to understant in which market's phase we are in.
It clearly feels we are in a Bull Market Phase, with elections stress going away and more and more bullish news (for Bitcoin mostly).
We touch a 90 score yesterday and are still very high compared to the past few months as you can see below.
I expect a small consildation before going up again.
I would also like to differentiate Bitcoin and Alts, Bitcoin going up is a no brainer for me. This is less the case for Alts are many of them do not have a clear narrative or value proposition (even if they can indeed moon).
We have an economic crisis, political crisis incoming in the US and a Health worldwide crisis so I expect the money printer to continue to print but risk-on assets to underperform and I put alts in this bucket.
To conclude, I am keeping my BTC Long but I am more neutrals on Alts at the moment.
I am looking still at some tasty ones !
Cheers, and be careful
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What is the data behind that particular index?
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So basically, take tiny profits from alts when they come. Maybe do a 50:50 split between shorting and longing?
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That is what I would do, shorting is very hard so you should not do it if you are not an experienced trader. But you could take profits, buy BTC and wait for the Alts you sold to buy them lower.
Who knows :D
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It is an amazing time for daily trading and scalping, volatility is high as well.
I can only imagine but I do not do that hehe
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I know you only HODL ;-)
I am not sure I like this bull.
Will People join Bitcoin because the Product or the price...
Sure it is a way to get more intresting But that is (in My country) Only nerds and financial People. Common People (that btc is Most positive for) dont care
At the moment, normies have not been attracted by the price of Bitcoin yet. SO we have professional and qualified invetors / users only.
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"Be greedy when everyone is fearful; be fearful when everyone is greedy" 😅 Well, even though Warren Buffet is a pioneer for investors, this time I do not think it is best time to be fearful. Governments are non-stop printing money and the amount of money flowing through crypto market is increasing excessively. However, it is absolutely right time to be more cautious about the price actions of altcoins as sharp moves may result in irretrievable loses...
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Indeed ! But I do not see Crypto people fearful right now (as we shouldn’t be hehe 😉). Maybe I will FOMO later 😂😂😂
Creators wait for the Crisis to build new Economy from scratch. Stay blessed.@vlemon, Game changing
What tasty alts are on your scoop?
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ETH mainly. RUNE, AVA, AAVE as all the shillers there hehe !
I have AVA as well and I see RUNE so shilled these days. Maybe I'll buy some.
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It only took 3 years...but better late than never.
Full greed ahead!
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Yiiiiiiiiiiha !
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It would be amazing for Bitcoin to hit US$20K again like 2017. It looks a lot like the golden age of Bitcoin is back again.
Patience my dear ! Patience :D But we are getting there !