Trade, but don’t panic, and don’t panic trade.

It is not undeniable, but it is true nonetheless: The Tokyo whale changed market sentiment as even bad news from china in September couldn’t. Market sentiment and price were massively, if not madly, inflated anyway, and when they took the hit from his sales, it broke major trendlines. Now, the argument that those lines shouldn’t have broken is moot. The price will not magically recover, as none of its previous recoveries have been magic. The price move up last year was based on sentiment regarding an unbroken upsloping double-exponential trendline feeding itself, and now it is broken and so the market can no longer inflate based on it. For crypto, speculation has been a bigger driver than actual tech, and the now-negative sentiment from now-negative speculation has to play out. One the greatest trends in history has just been broken, and such a rise dictates a reasonable response, if only out of respect. But don't fear for the market long term! Unlike every other bubble in history, crypto has proven antifragile time and again over its short life, able to bounce back as only a true Saiyan can. It is only the bubble of sentiment that has popped, and were the worst to play out and BTC bears down to the high from its previous bull run, it would still be up more than 400% from the low of its most recent bear run, and still up some million % over the last decade. At the bottom of any bear run is still blockchain fundamentals, the technology, that is the greatest innovation since the computer and electricity before that.

Submitted March 16, 2018 at 10:45AM by diadlep http://ift.tt/2HCGYdk