Welp, my Ethereum dividends paid out yesterday. Now to cash them in on Monday for more ETH. With Murphy's law though, it will explode upward just to deny me a discount again.
What was the average position of these crypto-lords? Grayscale, MicroStrategy, Musky... They were on something around the 40k mark, weren't they?
The psyche of a Crypto investor is similar to that of a speculator in high risk IT stocks. You cannot reason with them it's going to take a prolonged bear in the assets to change minds. However, it could be some young traders already got burned so bad on their IT names they may need to preserve capital and stop gambling on the theoretical future. I have some insight on this dynamic from someone I advise I just ignore their Crypto and higher risk IT assets it's their gamble not mine.
I don't understand why slippery sidewalks covered with banana peels are dangerous. I am also 5. I understand you are joking, but in these troubled times crypto fans need a strong shoulder to cry on and understanding.