Okay I watched the video.
But what if we compare it to last year?
It is also December that it is pumped so high it was almost mooning.
I get it that people will be overspending their money buying different gifts for their love ones. So selling crypto currencies will be their option for that to happen. But why will it happen now and yet it didnt happen last year?
Still, we will not see the future but it is best to just not buy and HODL it. What you say could really happen although there is also a chance that it will be pumped since crypto users who have seen the December 2017 might buy and get ready for the history to happen again.
I guess it is a 50-50 chance. A pump or a dump, we dont really know. People have different kind of views.
your right it is crowded but trading is all about psychology, 99.9 percent of traders will get out when its crowded lol frustrations and desperation builds up, the mind plays tricks lol so ultimately many bulls will get out maybe towards 3500 even the shorts will too. No one likes taking on too much risk only a few do it and make the cream at the top
When someone don't have enough dare to take such risk then they can taste the success too this is very simple.Many traders who came for trading the crpto currencies already in huge loss maybe they have quit trading at all but when someone knows how the market will move forward in the coming years will be still holding the trading as their profession and making money with it.
-Trading is a way of life , lifestyle!
But It is not that simple as it seems.
Let's view this differently.
Does anybody need any legal qualification for trading crypto ? Is there any barrier ? - NO!
Regular Joe buys crypto from life savings and starts trading without having an idea ,it's like driving without a license, jumping into the ocean without knowing how to swim , we can go for many many examples... but that is the case.
And the reason for that is clear, greed of money in a quick period of time, they heard somewhere that someone made a lot of money without doing too much , that's like a story , an exception which attracts the majority Joe , which losses it all.
Get your education going, become an expert, build a lifestyle out of it.
All these require one very important element from you! : effort!
