Will there be an alt season? (addendum) Decided to write an additional post for you, as an interesting thought came to me yesterday.
For two weeks now, the market has been in a rent-seeking mode. Everyone is in wait-and-see mode. From
experienced guys on the market I see more fear now, with thoughts that it all may go down sharply. From the guys who are far from the market, I see a desire to buy new tokens.
Does this point confuse me? Yes, of course. It would seem logical to see a decline, as guys with experience feel the market better, while "hamsters", as it happens most often, try to "get into the last carriage".
But, there are phases in the market
when market "naivety" wins. When to actually start "market buy" at the highest point, or not to fix 10x to the price of the asset you bought is smart. This usually happens during bull market moments.
So, now I think we are in a situation where we can check whether the market is actually in a bull market or just its echoes. To see if naivety or experience wins. We're waiting...
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