06-12-2021, 10:54 AM
It's wild how quickly public sentiment swings in crypto
<!-- SC_OFF --><div class="md"><p>One day everyone seems to think that we've bottomed and are back in business, the next day everyone is talking about how we're guaranteed to see Bitcoin drop below 20K. A whole country just adopted Bitcoin as legal tender and there are already politicians in Panama, Paraguay, and Mexico talking about doing the same. This is probably the biggest announcement in the history of cryptocurrency in terms of it's overall impact long-term.</p> <p>Literally a day later and now everyone is talking about JP Morgan FUD, FBI FUD, Biden speaking on crypto this weekend. People telling others to sell now and buy lower. Do you guys remember memorial day weekend and everyone was calling for a giant dump and the complete opposite happened? I put no trust in the public sentiment around crypto. At the end of the day, everyone needs to follow their own convictions. Personally, this downturn in the market for me has been a great opportunity to accumulate more. I don't care about catching the absolute bottom. In my eyes, the projects that I feel conviction for are on a really good discount and I will keep holding and buying more.</p> <p>In the long-term, I believe that the patient people that have done thorough research and haven't overextended themselves will see the best rewards.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/I-Like-Art-And-Drugs"> /u/I-Like-Art-And-Drugs </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nxotuq/its_wild_how_quickly_public_sentiment_swings_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nxotuq/its_wild_how_quickly_public_sentiment_swings_in/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>One day everyone seems to think that we've bottomed and are back in business, the next day everyone is talking about how we're guaranteed to see Bitcoin drop below 20K. A whole country just adopted Bitcoin as legal tender and there are already politicians in Panama, Paraguay, and Mexico talking about doing the same. This is probably the biggest announcement in the history of cryptocurrency in terms of it's overall impact long-term.</p> <p>Literally a day later and now everyone is talking about JP Morgan FUD, FBI FUD, Biden speaking on crypto this weekend. People telling others to sell now and buy lower. Do you guys remember memorial day weekend and everyone was calling for a giant dump and the complete opposite happened? I put no trust in the public sentiment around crypto. At the end of the day, everyone needs to follow their own convictions. Personally, this downturn in the market for me has been a great opportunity to accumulate more. I don't care about catching the absolute bottom. In my eyes, the projects that I feel conviction for are on a really good discount and I will keep holding and buying more.</p> <p>In the long-term, I believe that the patient people that have done thorough research and haven't overextended themselves will see the best rewards.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/I-Like-Art-And-Drugs"> /u/I-Like-Art-And-Drugs </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nxotuq/its_wild_how_quickly_public_sentiment_swings_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nxotuq/its_wild_how_quickly_public_sentiment_swings_in/">[comments]</a></span>Kind Regards R