The FUD is real

What a jungle it has been over the last couple of days on the market and honestly, I don't know what to make out of it. Yes, there were some drops in the charts and maybe a gigantic correction in BTC is long overdue, but still...When all of this happens it is kind of scary.

All though the numbers almost look the same like one or two weeks ago, and everyone was going in lambo modus. This week a lot of people got bruised pretty big and I don't feel the urge to become one of them.

Pixabay


At first it all seemed to start with Doge, Shiba and all other disasters going on to the roof. Shiba was listed on Binance even though CZ wasn't really a big fan clearly from his remarks, but listed is listed.

The Elon pulled the Saturday Night Live shitshow and doge started to collapse. A lot of people were hurting already, especially the ones who bought over the last month and got newly in crypto.

Then Vitalik Buterin pulled the enormous donation plug on SHIBA by donating a gigantic stack of funds to a covid relief fund leaving that token also to crash. For the record, I love it that crypto money is used for these kinds of good causes, but again...it is a pity it also hurts so many people as well.

Now today it comes to notice that Binance is under review, and even though CZ is the first to tweet that it is only to rule out malignant play, (which is very likely after this shiba listing 'all of a sudden' a week before) ofcourse there is damage and FUD

So where does this leave us?

A dude on twitter summed it up pretty nice actually in the play which all doesn't seem to coincidental if you ask me but a big play:

Step one: deploy the dog rug
Step two: deploy elon climate rug
Step three: deploy regulators <------ we are here
Step four: hack a centralised exchange
Step five: false flag btc drug money raid

https://twitter.com/CryptoCobain/status/1392885073838579717

I guess this all can be added to the potential options of what will happen.

Meanwhile all alts are bleeding big and the only one which seems to escape this misery is Cardano which acts super solid. Kudos for the hodlers on that one!

So where does this leave me?

Well what I know if that this bullrun is starting to get to the end of my patience because I can feel myself becoming more prone to the FUD. Ofcourse the tactic is always just to HODL and that has always played out very nice.

But now it seems that the big boys took over again who are doing anything to manipulate the market for their profits regarding sentiment and then I feel like a little fishy in the pond again.

Maybe we will bounce back at $42K again, as that was always the idea from a 30% dip from a ATH. The whales will jump in that dip again for their final run to the moon in this cycle, but I don't know if I will still be on board for that one.

The FUD found the way in.