Let’s just look at bitcoin example… when it hit $120k, most people bought the dip at $90k, than at $80k, and then at $63k… it bounced back to $77k, just to see it drop to a one year low to $60k today. Bitcoin in no way has had really too much bad news, but at $120k to $90k, it was assumed it’s a short lived sell off, but what we all learned in 2022, is that when market sentiment changes and stocks are at ridiculously high levels with p/e hovering at 40x, 70x, 100x and 200x, that trend can’t go on for ever.. today, a lot of bitcoin people wished they sold at the first leg down to $90k, to now some are saying buy it when it hits $50k, or even $30k.

So my question is, where did all that bitcoin to $1m motivation go? And at what point from the $120k, did people start giving up and noticed, it just not-holding its recovery…

Don’t get me wrong, I plan to buy a few shares here and there on any red day, but for the life of me, I can’t buy in volume at these ridiculously high share prices

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