Replying to Avatar MAHDOOD

There has been a consistent trend according to the Bitcoin podcasts I follow. During the bull market, people degen and take on leverage then get wrecked and a bear market happens. We’ll see what happens this cycle.
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Zach⚡️ 11mo ago

It just seems too obvious. Current sentiment makes it seem like the top will be 120k and there will be a chance to buy at 30k later. I can only see -75% happening again if we melt up to closer to $1M.

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MAHDOOD 11mo ago

Sentiment is usually not a good measure of what the price will do. People thought we were going to $250k last cycle and we topped at $69k lol

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Zach⚡️ 11mo ago

I'm saying it's usually the opposite. Your example shows that too lol

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MAHDOOD 11mo ago

Oh yeah I think we haven’t seen peak fomo yet because of interest rates still being pretty high. It’ll be interesting to see what the degen shit will look like this cycle 🤔