Bull Trap!
Greetings,
What a turbulent few days eh? To be honest, even though the so-called “crash” seemed sudden, it was already kind of due. Everything went up too high too fast, and we were due a proper correction.
Did you see the market “bounce” back up today. Didn’t Bitcoin do something like a 10% bounce? That’s nuts right? Yeah, I think it is. Actually I don’t think this is a relief rally at all, but rather a bull trap.
We still have some major FUD ahead; USA FED announcement, Russia-Ukraine, Indonesia Crypto fatwā, UK crypto ad ban, EU POW ban proposals etc…
I may be wrong, of course, and as usual, there is no financial advice here.
Peace & Love,
Adé
Hi, @adetorrent,
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You're welcome! 😉😎
Every time you would think it’s over and it starts going up a bit I’ve woken up the next morning and it’s divebombed again LOL
LOL yeah. It's manipulation and irrational FUD
I didn’t used to agree with capping peoples wealth because I do feel that abundance is always a state from within and there is plenty to go around . However, lately I have noticed more and more that the problem is when people get wealth they are not happy to just enjoy their life but they actually seem to get enjoyment from stopping other people getting any and manipulating systems to do so. Not everyone, I mean from how he puts himself across at least Elon musk seems to be doing stuff with his money that he believes in, but most these people have just made it almost impossible for the every day man. How can any shop compete with Amazon? How can any small trader really do well on Crypto now because it’s just manipulated by a handful of rich people. I am starting to see the big issues and it’s not even having the wealth that bothers me it’s how they use it to control and censor.
They don't want peasants at their gulf club :)
I think that a group of Whales are in a discord chat together, well maybe something more secure lol and they just keep selling and buying the dates and everyone panics.