Is it just me, or is this "boring" market actually a huge…
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Is it just me, or is this "boring" market actually a huge trap?
I keep seeing everyone complaining on here about how $BTC is just moving sideways and "doing nothing." Honestly, I think calling it boring is a mistake, it’s actually dangerous right now.
If you look at the volume, there’s basically zero institutional money moving. It’s a total liquidity void. Most of these small price jumps just look like algorithms wash trading to me, not real people actually buying or selling.
The problem is that retail traders (us) get impatient when things stay flat. People start overtrading just to feel something, and they end up bleeding their portfolios dry on fees and crappy entries. To me, every little pump right now feels fake. Sometimes the smartest move you can make is just sitting on your hands and doing nothing at all.
Are you guys actually staying patient and holding cash right now, or are you starting to gamble on the noise because you’re bored?
#cryptocurrency
I keep seeing everyone complaining on here about how $BTC is just moving sideways and "doing nothing." Honestly, I think calling it boring is a mistake, it’s actually dangerous right now.
If you look at the volume, there’s basically zero institutional money moving. It’s a total liquidity void. Most of these small price jumps just look like algorithms wash trading to me, not real people actually buying or selling.
The problem is that retail traders (us) get impatient when things stay flat. People start overtrading just to feel something, and they end up bleeding their portfolios dry on fees and crappy entries. To me, every little pump right now feels fake. Sometimes the smartest move you can make is just sitting on your hands and doing nothing at all.
Are you guys actually staying patient and holding cash right now, or are you starting to gamble on the noise because you’re bored?
#cryptocurrency
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