The Market Is At It Again | Users And Their Panic Mood

in #hive-110606 months ago

Screenshot 2024-06-25 at 00.00.47.png

The market and it little panicking always give crypto users this shocking feeling, we all love the green color and always pretend we shouldn't see the bloody market version, at times I still don't understand when little red will create sudden panic even when as a user, you have spent years studying the market and knowing how volatile it might be at times, we all know how funny it look but one certain thing we know is the fact that, it will always come around or oh you are among those holding the shitcoins or less value not a major type of coin, the pump and dump holder, community bagger.

Most times, I do think those that really need to fear are the one who are into the quick money part trying to hop onto every pump and dump train, even though it do play well when they never expect, it burn like burning fire, I remember a day someone mention dexscreener and pump fun to us on whatsapp what we should try to catch a glimpse on the next crypto trend and the latest things most crypto players are playing around, I login into twitter (X) and while searching I saw some turn certain amount of sol to bigger amount while some were busy crying on their timeline, I then went to dexscreener just to hunt for project based on the instructions on whatsapp, saw some new tokens in green like 50%, 100% etc because it was in 24hrs timeframe, like wish some were in deep red -1000%

I saw a token which was just listed and I literally saw the first green candle formed, I was like should i just jump into this token straight up and hop out at some certain point but I had no sol left in my wallet but when trying to transfer some, I was just thinking if it will worth the try, boom second candle formed, third candles and I was like that is a confirmation, I'm doing this but the withdraw fee on binance discourage me, and I was like if this new token survive in 24hours, then maybe I will start dexscreener trading, so I went to bed. Now the shocking part was when I work up in the morning to see how far the token was and boom the did 6 small candles in total and a straight long red candle taking it back to -100% which mean anyone who slept on that trade over night will be crying already.

One thing we need to know is this very saying that history will always repeat itself, they pattern that is happening now, have happened before, we have cases where we experience drastic deep that almost shook the crypto space but it still bounced back more stronger than the deep, so I really don't understand why people will always panic as if that is the end of it all, even though market it down now, it will surely bounce back in couple of days.

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I have about 1% knowledge in crypto and even with that I don’t panic when things go south because if there’s anything I’ve learned about markets, they bounce back as long as there are investors

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