So, we are at the 24th and every coin pumper is promoting the hell out of Coin X and this game changing Android Wallet that is to be released in 24 hrs.
Now, it's the big day. The wallet is released.. Everyone is happy. But does the price move any further? Not at all. In fact, the price is now plummeting violently - faster than it went up.
Why?
Well duhh, the entire market already bought during the run up to the 25th. So on the big day, after literally the entire community had bought into Coin X - there is no one left to buy in. Thus prices begin to stall. People begin to panic - and the whole process that i just described repeats itself on the way down.
You really do have to pay attention to the common habits in crypto and do the exact opposite.
It's the only way to stay ahead
Now, it's the big day. The wallet is released.. Everyone is happy. But does the price move any further? Not at all. In fact, the price is now plummeting violently - faster than it went up.
Why?
Well duhh, the entire market already bought during the run up to the 25th. So on the big day, after literally the entire community had bought into Coin X - there is no one left to buy in. Thus prices begin to stall. People begin to panic - and the whole process that i just described repeats itself on the way down.
You really do have to pay attention to the common habits in crypto and do the exact opposite.
It's the only way to stay ahead
Very useful Ryan I do suffer from this admittedly
This is something that I can use especially since there are things being announced and released everyday
It's just that it all makes sense on the surface when you see all the noise on twitter but after reading this its like crypto is half smoke and mirrors and half goldmine lol
looking forward to saturday
Thanks