Post
Topic
Board Trading Discussion
Merits 2 from 1 user
Re: Crash recoveries are not moons
by
verguat33
on 08/09/2018, 12:48:51 UTC
⭐ Merited by wuvdoll (2)
It's not.
So you mean that 1% - 2% of recovery are worthless? Just to be clear, even how small the recoveries are, it was still an improvement after all and you cannot discount it. I think you're just become exaggerated to that one Grin.

Nonetheless, I do agree with your title. Small ups cannot be considered a major sign of a "skyrocket". Crypto is naturally volatile, remember? Meaning, it's normal to experience ups and downs in this field everyday. All of us should get used to it and treat this kind of situations as "nothing special".

But then again, there's also nothing wrong if you will get a little bit hype and be hopeful every time it happens because that's a natural response of an investor. Just always keep in mind, remain calm and expect less because the more you expect the more it hurts.
Grin It is not like it is still not something tangible but we also have to understand that the way people always shot the moons and stars once they start seeing just some little movement in price can actually be a little bit funny.

It might even be a bit higher than 1% but one way or the other, the same way we have corrections when market is in an uptrend, is also the same way we always tend to have corrections when market is in a downtrend which most people are always so optimistic with the moon calling thing.