This is an interesting time.
In the short term markets tend to move quickly and contrarily to investor sentiment. Thus the elevator shaft from BTC 49XX. The sentiment is trending bearish now. I wonder if the faithful are putting their money where their mouths are.
If we truly believe we might be entering a bear to 3800 or 2800 or beyond... why would we stay in Crypto? It is far more profitable to sell for USD, pay the taxes and buy back in next year at 70% cost or perhaps half price.
A more cynical way to put it is, sometimes it seems like markets do the thing that will hurt the MOST people.
Assuming that cynicism is even partly true... What would that be right about now?
In the short term markets tend to move quickly and contrarily to investor sentiment. Thus the elevator shaft from BTC 49XX. The sentiment is trending bearish now. I wonder if the faithful are putting their money where their mouths are.
If we truly believe we might be entering a bear to 3800 or 2800 or beyond... why would we stay in Crypto? It is far more profitable to sell for USD, pay the taxes and buy back in next year at 70% cost or perhaps half price.
A more cynical way to put it is, sometimes it seems like markets do the thing that will hurt the MOST people.
Assuming that cynicism is even partly true... What would that be right about now?