Quote from: OriginTrain on June 21, 2018, 04:12:14 AM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

It is to be expected that in these times of uncertainty and hopelessness, people are permanently waiting for any sign, however minimal, to grasp it as a lifeline. The downside of this trend is that people tend to lose market perspective from a broader point of view; if all those who preach that "the market is about to moon again" give themselves the opportunity to observe the historical behavior of bitcoin, they will discover that the big pumps are isolated events that have only happened a few times, so they would think about it twice before trumpeting their overconfidence.

markint

Posts

Merits