Wall street cheat sheet

This post I want to dedicate to the serious decline in the exchange rate in the market of cryptocurrencies and the subsequent panic. I watched a similar panic in my life only once, when in December 2017, on a agiotage from growth, people massively invested in the cryptocurrencies, hoping for its further growth, as they read in the yellow press about a million dollars for 1BTC and above. Inexperienced hamsters invested cash for any new coins that appeared on the market, sold flats, recruited loans to buy a cryptocurrency, and when exchange rate began to fall - mass hysteria began, there were even separate cases of suicides, not to mention that somebody has family collapsed, somebody ran abroad due to creditors, and someone simply fixed losses and started all over again.
What I see now in social networks dedicated to crypto-currencies, reminds me a little of that situation after the New Year. More and more often it is heard "cryptocurrency is scam" or "all, the bubble has burst" and so on.
Guys and girls, crypto currency can not turn into a scam, because it is already inherently scam. Not a single crypto currency of the known for today is provided with real material values.

But not everything is as bad as it seems. The thing is that the market is cyclical. It is worth remembering the famous phrase of the famous American trader from Wall Street 1920s Jesse Lauriston Livermore that "Market never changes. Сapital changes, shares change, but the market never changes, because human nature remains unchanged."
Together with this phrase one can not help recalling the same schedule of market cycles created by Livermore in the very 1920s when there was no crypto currency in sight.

Take a closer look at this graph. It is like similar to the graph of bitcoin (and top altcoin) rate over the past year. It does not matter what then people was traded securities, or now digital assets. The market is the market and the laws of the market have not been canceled.

So, if you combine these charts with cryptocurrency, we are in the zone labeled with a red circle. This (as on the Wall Street chart), the period of depression and disbelief, when the rate fell, the hamsters lost money, recorded losses, some committed suicide, and those that found the strength to live on, began to tell everyone that the crypto currency is scam, this is fraud, the pyramid collapsed, the bubble burst and so on.
But after each period of depression and disbelief, the subsequent growth of the exchange rate of assets is very likely. The growth of the price of securities and bitcoin and with it top altcoins, because bitcoin always pulls them with him. Whales are now buying cheap, then to sell more expensive they need growth and they will pull the exchange rate up. Digital assets in general are not much different from securities. These markets behave in a similar way.

In the light of all the above, I suppose that in the next six months we will see a growth of the exchange rate, perhaps even with the updates of historical maximums of some coins rate. But those who before the fall did not manage to fixed their cryptoassets in time, I want to advise: do not do anything yet. Do not act like hamsters, do not panic, do not sell your assets at the minimum of their rate. Bitcoin whales always work against the crowd, they specifically pressure the exchange rate (and your psyche), dropping this rate even lower. These rich bastards deliberately push you to panic, they are trying to get you to sell now, and will bought up your assets for a pittance. Market is cyclical, do not forget about it, so do not give way to panic, and after a while you will be able to sell your coins at best with good profits and at worst - just without losses. And remember that strong nerves are a vital skill for a trader who claims to be called successful.