Hello SPIers, The past few weeks for HIVE have been amazing but outside our bubble, the rest of the crypto market is bleeding, we're not even 2 weeks into the new year and crypto Twitter is already having a meltdown with FUD overall. Crypto Reddit is the same and there are polls out here with results showing 25-60% of voters think the bullrun is over.
1 Smart Investor is Worth 1000 Dumb Investors
Before we start, understand the vast majority of people are idiots when it comes to investing. We dont see it on HIVE but on Twitter and Reddit, people YOLO their lifesaving into 100x leverages based on research from a Telegram group or they ALL IN on the next meme token thats 1M % going to the moon. Let me share how 1 smart investor can produce 1000 idiots.
One guy made a fortune cause he figured out that Elon Musk tweeted 6-12 times the day before he gave a strong Telsa report and only 2-4 times the day before he gave a bad Telsa sales report. The guy made a fortune over 12-18 months and then posted his results to Reddit. He said he was no longer doing the trade because this information was now public and his post was only to show off his profits for clout.
Tens of thousands have seen the post and im sure 1000's now count how many times Elon tweets the day before Telsa sales reports. They make their trades with 100% confidence, taking leverage and then get wrecked when it goes the wrong way cause 1000 others are doing the same thing. 1 guy made a fortune and 1000 got wrecked because they YOLO'd on a sure thing with no research.
So, why the current FUD?
Last cycle, people were excited and full of energy, it was impossible to not make money during 2021 with Elon tweeting, Wallstreetsbets degens moving into crypto and Celebrities buying NFTs. Most people got a solid dose of reality in 2022 as they watched their bags drop 70-90%. This cycle, we are all exhausted from HODLing for the past 4 years and suffering from PSDT. I think most crypto holders at this point just want to dump their bags and go on vacation. We've been waiting for 2025 for what feels like an eternity and now it's here, people are looking for the exit.
People watched BTC run from $40k last year to $110k in December and now it's dropped to under $95k, they say the bullrun is over and it justifies their exiting. This might sound retarded but these are the same people that meltdown when the market drops 10%. Crypto whales with huge bags endorse the end of the bullrun to shake weak hands because they are holding USDT and waiting to pump BTC again.
Long story short
The market is not pumping and has not been for a few weeks, if there is not good news to report and FOMO, then it is bad news and FUD
2025 - 51 weeks remaining
There is no FUD within my mind, we are near the end of the marathon that has been this cycle. It has been a hard few years for most holding crypto at a loss or even worse having to sell some are all of their crypto at a loss during the bear cycle and now watching prices are increasing and people are finally seeing their portfolios hit new time highs, they feel PSTD.
On HIVE, we're thriving at the minute but we're late to the party as most of the market already 2-5x'd in 2024 while HIVE dropped all the way until November before turning around.
The market overall is just shaking weak hands. We've had the first sell-off at $108k and now we see a bear trap. We have a long way to go before we see Greed and Delusion. A bear trap tricks people into selling near the bottom and a bull trap tricks people into buying near the top
Getting Rich Slowly from June 2019
Token Name | Main Account | Link to hive-engine |
---|---|---|
SPI token | @spinvest | SPI |
LBI token | @lbi-token | LBI |
Top XV token | @spinvest | XV |
Eddie Earners | @eddie-earner | EDS |
EDS miners | @eddie-earner | EDSM |
EDS mini miners | @eddie-earner | EDSMM |
EDS-vote | @eds-vote | n/a |
EDS DOLLAR | @eds-d | EDSD |
DAB token | @dailydab | DAB |
DBOND token | @dailydab | DBOND |
RUG token | @rugem | RUG |