Traders always fall victim to a permabullish or a permabearish attitude. I've been watching a number of them on YT and some are always focusing on the positive side of things, talking about supports and seeing every small attempt at bouncing back as a positive thing, while others are calling for a $5000 BTC, which is something they've been doing for months now. IMO they are stubborn and end up being stuck on that target price.
You can always say that things could be worse, even at $2 you can always say that we could be at $1. One thing is certain, there will be another rally, and whether you sell at 6000 or at 5000 won't matter when it comes.
You can always say that things could be worse, even at $2 you can always say that we could be at $1. One thing is certain, there will be another rally, and whether you sell at 6000 or at 5000 won't matter when it comes.
I think this sentiment is even more extreme with Bitcoin because you have one side that wants to see it fail (e.g. banks, financial institutions, Buffet) and they're all about FUD and calling Bitcoin a "scam" or "ponzi scheme" but on the other hand you have the Bitcoin evangelists who have a ton of money in the coin and they do the opposite and it's always "lambo" and "moon" and anything else that makes it sound like we're about to hit $100k.
The truth is somewhere in the middle. Bitcoin is never as unstable as one side wants you to believe and it's not about to explode as the other side wants you to believe.
