As you all know, we are in a multi-year bear market, very similar, in form and content, to the one of 2013-2015.
Recently we had bearish news in CNBC, which indicates a capitulation is near. Perhaps we are already in capitulation phase and the sheeple are already selling and going back to their hyper-regulated stock markets.
I created this pool to collect some opinions.
I'm not really sure if CNBC is a best source about crypto though, just like any news outlet out there, they're just going with the flow. I mean they will report what's very obvious with just few analysis here and there.
As for people going back to stocks, I don't think so, this is where the money is and its too late to go back then because the bear season is almost over though. So it doesn't make sense at all to go back to stocks market at this point.
CNBC has always been the wrong choice of news platform to always want to follow whatever comes from them. If CNBC is telling you there is fire on the mountain and you should run, you better just approach the fire as that is where you will find goodies, and if they tell you there are some goodies ahead and you should hop into the train, you better speed off with the speed of lightning and just like someone said, CNBC has turned to a contrary indicator at the moment. no one knows however, if we are in capitulation phase or not, but whichever way, the trend remains my best friend and nothing changes that.