In the US, job listings just fell to pandemic lows, property values started to collapse, earnings are down across the board, and unsold goods are piling up in many stores.
Your mind will tell you you’re getting a better deal because “the bottom’s in” or “it’s decoupling from the stock market” or “it’s finally going up.”When financial assets go up, you can’t help but want to put money in — even if you don’t have money to spare. When they go down, you can’t help but want to keep money out — even if you have money to spare.For real things like houses, cars, gas, and toiletries, you get excited when prices go down.
Once prices go down long enough for people to think prices will keep going down, new sellers come into the market. Prices go down more until enough crypto flows into the hands of people who want it more than their government’s money.Crypto is Easy,During previous market bottoms, bitcoin’s price went up and down 25% to 75% after those signals flashed.