Canada's National Economic Confidence Index as of August 15

Bitcoin Market Cap $541B. Let's look at cryptobubbles, we can see increase in some coins like TWT, AAVE, RNDR, AVAX, RUNE etc. Bitcoin costs today more than $27,000 and grows by almost 0.50% per day. Ethereum costs more than $1,600. Market Cap $1.09T with Bitcoin dominance 49.7% and Ethereum 18.1%, ETH Gas:6 Gwei, Fear&Greed:45/100. This is exactly what the market looks like today on October 5, 2023. #GateioBountyCreator# #HotTopicDiscussion# #Gateio# #ContentStar# #GateLive# #BountyCreator# #MyFancyCreator# #ContentMining#

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🤬It's important to understand!!!🤬 Judging by the discussions in all crypto communities, 90% of people do not understand what they are doing in the market and what the market is. I did not plan to write this post, as I was sure that our community had overcome this fate, but it seems to me that there is still some percentage of people for whom an explanation is needed)) The market participant's task is not to guess the local movement, not to buy out the bottom, not to sell at highs, not to lay out tarot cards to see where Bitcoin will go. The task of a market participant (I'm not talking about casino players or mommy's businessmen) is to ensure a profit in the long run. To do this, it is necessary to select projects, identify areas of interest for buying and selling, wait for these very areas of interest for buying, buy, wait for areas of interest for selling, sell, there are also intermediate actions such as buying more, taking back the investment at x2-x3, correctly assemble a portfolio in the right percentage ratio, select coins according to risk management, etc. (I have written a lot about this). It all sounds very simple, and in practice, it's even simpler... IT WOULD BE if it weren't for emotions and lack of self-discipline. Example: conditional twt was bought in the 'below $1.2' interest zone a year ago and is expecting a selling interest zone above $8. It has been valued at $2.7 this year, then $0.9, then $2.4, then $1.2, $1.7, $2.1, $0.9, $1.4 each time there were many questions when the price was around $2 - maybe buy this cool project? And when the price was around $0.9, there were many questions - maybe sell this shit? The same picture is true for all other coins, only the percentages change and the price at the moment. Some are currently in profit, some are in the red, the point is not in that, the point is that in the market, whether it's funds, crypto, trading seashells from our era, it has always been and will always be, 90% of people will always lose, and this doesn't mean that 90% won't guess the movement, it means that these 90% will never understand the market and even having the best analytics, intuition, and fortune-telling cards, they will still be in the red due to emotions and lack of self-discipline. 🤦‍♂️ we buy a coin for 1$ and wait for 10$ just to see it drop to 0.7$ in an instant???? 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