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This market remains almost completely irrational, and it won't change any time soon.

This market remains almost completely irrational, and it won't change any time soon.

All Cryptocurrencies

by COINS NEWS 41 Views

There a few extremely obvious indicators that point towards this:

  1. Almost no project has officially 'died', despite development stalling or outright ending (for those projects). In the same vein, very little delisting has happened either.

  2. News outlets have fully completed their transformation into entertainment entities, reporting only on drama, publishing press releases or price updates. None of it is useful.

  3. Tribalism still dominates hard, which wouldn't be worrying if it was coupled with interesting discussions related to tech, industry or economics. None of the above are usually, if ever, present.

  4. The market still moves more or less as one big 'block' and does not react to meaningful news. Only vague announcements interpreted in overly bullish or bearish ways ever affect it, making it somehow even easier to manipulate.

  5. More recently, BSV has suffered what everyone with at least a quarter of a brain understands to be a very public death. How does the market react to this glorified $1B+ mcap dumpster fire of a coin? -12.1%.

For everyone with blindfold on still throwing darts and buying whatever coin it lands on: good news! Only in a market this irrational could yet another massive bull run be possible.

For everyone else who understands how fucking insane this is, this little thread will be our corner to cry in and discuss.

submitted by /u/bLbGoldeN
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