It is mind boggling for me to see how many people just don't get it when it comes to capital flow. They don't look at the trends and seeing things that are obvious. In fact, they would rather try to time the market precisely and try to "short the top".
They said that this is a bubble, the bubble will eventually pops and only Gold will go up. Well, Gold has been underperforming the stock market for the past 8 years, when will Gold rally? Gold will tell us.
Regardless, cheap money are still there, money printing will continue and it will affect the capital flow.
As simple as that, too much money floating around, it will flow somewhere.
Amongs the stupidest thing that I have heard from the people in the crypto space is that the stock market needs to crash if Bitcoin is going to go up. They don't understand that Bitcoin and Crypto NEEDS stock market to GO UP in order to GO UP.
That's why I was bullish ON BOTH stocks and crypto in 2017. Because it is SO SIMPLE and OBVIOUS, but people just don't get it.
Bitcoin can't and will not go to 100,000 because of normal mom and pops. Bitcoin needs whales and whales need more capital to inject in order to operate properly their scheme and operations.
I am sorry for all the Bitcoin maxis, but Bitcoin is heavily manipulated. I don't really have high expectations other than making some money and buy some lands to do my own farming.
People are too obsess and fall in love with one particular asset and that the reasons why they keep losing money.
Anyways, US stocks are going up, and once capital has done flowing into the blue chips, it will start to flow into the riskier stocks, small caps and then lastly crypto.
Crypto will recover and made a bottom here, there is too much money floating around and that money will come back.
That's why you are seeing some altcoins are pumping like crazy.
But people still listens to youtubers who pretends to know everything.
Feeling sorry for them and feeling sorry for all the sheeps.
Open your mind and use your intellect, human brains are more intelligent than you can imagine. Stop being too philosophical and idealogical. The world is doomed anyways, just try your best to survive and do something useful/beneficial in life. Short term trading are not one of them.
Find meaning in life, and stop focusing on materialism, it will no bring you anywhere. Be self sufficient and independent.
I am glad that I am from so called third world country where we are still doing the farming ourself.