Altcoins: Sentiment barometer
We are in full 'wall of worry' season based on the data I collect regarding sentiment...
Constant notice from people wanting to sell before the ETF causes a sell the news situation, people hesitant to pay up to buy after missing the start of the rally, and generally reluctant to withdraw funds to non-custodial wallets and engage with DeFi and whatnot.
I experienced the emotions in this chart, but mostly sticked to my technical guns and harnessed the edge offered by Timemode to ride trends...although I did get scammed myself during 2018 once, so I can personally attest to the effect of powerful emotions causing a state of vulnerability after large and quick monetary gains for long enough.
We are nowhere near close to that phase of the crypto cycle here, so most traders are not likely to fall victim to greed yet, but it is always wise to stay true to crypto OG principles, and rely on decentralization and trustless-ness to keep us safe.
Best of luck!
Cheers,
Ivan Labrie.
Constant notice from people wanting to sell before the ETF causes a sell the news situation, people hesitant to pay up to buy after missing the start of the rally, and generally reluctant to withdraw funds to non-custodial wallets and engage with DeFi and whatnot.
I experienced the emotions in this chart, but mostly sticked to my technical guns and harnessed the edge offered by Timemode to ride trends...although I did get scammed myself during 2018 once, so I can personally attest to the effect of powerful emotions causing a state of vulnerability after large and quick monetary gains for long enough.
We are nowhere near close to that phase of the crypto cycle here, so most traders are not likely to fall victim to greed yet, but it is always wise to stay true to crypto OG principles, and rely on decentralization and trustless-ness to keep us safe.
Best of luck!
Cheers,
Ivan Labrie.
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ivanlabrie.substack.com/
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