What can be the catalyst for a pump now?
What can be the catalyst for a pump now?
I am a newbies in crypto. Around 2 years ish.. Only put money last year. I dont have extra money before that…
I actually bought around August-October last year. I was late. Yes i know. But it was in profit in November.Didnt sell cause almost everybody was selling me the “trumpump” bullshit. ( My fault i know).. But now i am down like 80%.. Shits fucking hurt…
So how do i play this now. That December pump only happend because of trump election “first crypto president” and also normies like me coming back for the 4 year cycle. Market was gaining momentum before that orange dipshit launch his “memecoin”. A fucking memecoin that sucks the liquidity of the entire market.
The crypto summit did nothing. So what can be the catalyst for a pump? I really dont see anything happening for the next few month.. And why is it a sin to talk about the bearmarket. I remember from almost every OGs i learned from. When celebrities are launching coins. Thats the sign of the top. Leader of Country are launching coins. Why isnt this the top?
tldr:i am down 80%. How should i play this now?
Not sure how to play things out because anything could happen. Could be some surprise announcement that makes things bounce 20%-50%, or we could see a continued downtrend. I have some long positions that are getting slaughtered, but I’m also sitting on the sidelines with a little bit of cash. There’s a lot going on globally right now. As I said before, those in the US who were single issue voters and ignored a helluva lot of red flags are learning a tough lesson and we’re all along for the ride.