Here’s something to keep in mind during this correction… 👀
The chart above us shows the amount of positive vs negative commentary about Bitcoin across all social media platforms. As we can see, it’s clear that the large majority of people are BEARISH, and there is more FUD than ever.
The only other times we have seen these levels of negativity were back when Bitcoin dipped to the low 50k region. Both times we saw a strong bounce back, which could be playing out right now too.
Remember that markets tend to do the opposite of what the masses think. It goes back to Warren Buffett’s old saying, “buy when others are fearful”… and clearly the majority of market participants are shaking in their boots.
There’s always the chance we see a further continuation to the downside, but I wouldn’t be surprised if we saw a large recovery back into ATHs for the new year. Let’s keep our chins strong and HODL through!
The chart above us shows the amount of positive vs negative commentary about Bitcoin across all social media platforms. As we can see, it’s clear that the large majority of people are BEARISH, and there is more FUD than ever.
The only other times we have seen these levels of negativity were back when Bitcoin dipped to the low 50k region. Both times we saw a strong bounce back, which could be playing out right now too.
Remember that markets tend to do the opposite of what the masses think. It goes back to Warren Buffett’s old saying, “buy when others are fearful”… and clearly the majority of market participants are shaking in their boots.
There’s always the chance we see a further continuation to the downside, but I wouldn’t be surprised if we saw a large recovery back into ATHs for the new year. Let’s keep our chins strong and HODL through!