I have another concern. Once again, just an observation. I was at Paris Blockchain Week and had the same conversation over and over again. We also discuss it on spaces repeatedly. How long will this bull market last? Consensus from almost everyone is 12 - 18 months of up only. Some said "forever." I could not find a SINGLE person who believes that the top could be in, that the bull market will not be huge or that the possibility even exists that we won't go up massively and for at least a year. When, in the history of markets, has the thing that everyone believes will happen happened? (I remain bullish, for the record. But I refuse to ignore any glaring signs and will be managing risk accordingly)
I have another concern. Once again, just an observation. I was at Paris Blockchain Week and had the same conversation over and over again. We also discuss it on spaces repeatedly. How long will this bull market last? Consensus from almost everyone is 12 - 18 months of up only. Some said "forever." I could not find a SINGLE person who believes that the top could be in, that the bull market will not be huge or that the possibility even exists that we won't go up massively and for at least a year. When, in the history of markets, has the thing that everyone believes will happen happened? (I remain bullish, for the record. But I refuse to ignore any glaring signs and will be managing risk accordingly)
@scottmelker Wouldn’t it be fair to say that the sample size of participants from which you’re gathering this sentiment is inherently biased when the data this is based on is from blockchain week? Not trying to be an super bull here I’m genuinely curious.
@scottmelker Like everyone thinks, the bull market is already in play … what if it is yet to start and our faces gonna melt of what is upon us?
@scottmelker But did they speak about innovation? I mean... Haven't seen anything that could replace TradFi yet... It's all BS for nerds... Once someone creates a crypto platform that can replace my e-banking with the same security and ease of use, I'll believe in the up only scenario.
@scottmelker “EVerYonE beliEveS in a #bitcoIN bull mrkET.” Walk outside and ask 10 random people the price of bitcoin today. 9/10 won’t even be within $10,000. Those who do are either team bull, or the only reason they know is bc they hate bitcoin so much they have to follow it.
@scottmelker Good observation. Agree the conversations and narrative is wrong. Too much distraction to Memecoins. Focus on Bitcoin long term. Reduce risks. Convert 20% to dry powder.
@scottmelker 🤝 similar observation on social media as well x.com/fewseethis/sta…
@scottmelker 🤝 similar observation on social media as well x.com/fewseethis/sta…
@scottmelker Great observation Scott! I remember the last cycle when everyone was convinced we would see a 100,000 #BTC by X date. When the euphoria is running high sensibility goes out the window.