Red Light, Green Light and for us, little fish, there is no yellow light for preparation, attention, start...
Greetings dear Hivers & crypto masters.
Since I'm not a classic "specimen" of the crypto community (nor a trader), I don't think I've ever written a single crypto-related post.
As such, I can't give you any predictions or estimates at this time (as one of our Hive veterans said, it's not worth looking at the black coffee grounds in a cup like a fortune teller and predicting the future based on its shape, and I don't even have a magic ball that would help me with that), but I can give one comparison related to the series I watched.
Have you seen the Squid game on Netflix?
A morbid Korean series where the contestants play child's games, and if they lose, they're eliminated😨
Sounds familiar when you think of crypto, doesn't it?
Only in the crypto will they not eliminate you, but liquidate you.
The elimination will be done by one of us, to himself if he loses more than he can afford...
There is in that series, in both seasons, the same game.
The first of 6.
In the first season, while I still didn't know what the theme of the series was, I didn't know what to expect, neither from the game, nor as a punishment.
Game Red Light, Green Light.
A familiar term again, isn't it?
The rules are: "You only move while the puppet sings the song: "Mugunghwa kkoci pieot seumnida (The Hibiscus Has Bloomed)".
When he finishes the song, everyone must stop, and until he sings the song again that it is "Green", the participants do not laugh move.
Whoever moves is eliminated.
A very cruel game, but just like in life or in the crypto, sometimes one more move can mean the end.
The situation in the crypto world since the other day has gone from green to red, thus bringing down the prices of coins and reducing the amounts of our wallets drastically.
Was that red a sign to stop and do nothing?
So how do you take it?
It all depends on how long you have been in this crypto world, how much funds you have at your disposal and whether the amounts you have in crypto are necessary for your daily survival?
For me personally, this red represents a signal, but only to stop selling, but that's why it activates a counter signal "Buy".
When the green light is lit, and while everything is moving forward, when the prices of the coins you have in your wallets "grow to the sky under the clouds", you should think about the red light, which will turn on at some point.
And it almost always appears when you least expect it 🙂
I see market opportunities like this as an opportunity to increase my positions, not necessarily as a loss, because a loss can only be if the "Red" is not a warning to stop selling, so out of panic from a complete loss you sell at low price levels...
I must now, in the middle of this thinking, add the well-known NFA (Not Financial Advice).
I'm coming home from work today and I'm looking at the traffic lights.
Traffic lights for cars and buses, but also smaller ones for pedestrians.
I remembered that game Red light, Green light.
And then another parallel.
Institutions and big players (cars, trucks and buses), and on the other hand, us little fish (pedestrians).
Big traffic lights for cars with three lights, and these small ones with only two, where there is no familiar yellow warning light.
When there is a red light on the traffic light for cars, when preparing to start the wheels, and before the green light comes on, the yellow light shines on the traffic light.
It's the same with the opposite direction, when the signal to stop is received... While the green light is shining, yellow lights up in parallel, to indicate an almost red light.
As these traffic lights depict the situation in the crypto with big players, who are often the main manipulators of the crypt price, with which they fill their already quite large stocks, so the pedestrian traffic lights depict us and our existence in the crypto.
No yellow light.
Only green and at one point red, as if cut with a knife... Then comes the panic and ruin of those who do not have a good plan, to know which way to go without getting hurt... FUD appears...
And then at some point from red to green... like a rocket, the amount catapulted to the heights and the well-known FOMO...
Well, whoever manages at the moment, managed...
Whoever avoids the traps of FUD and FOMO effect can hope for nothing in the crypto.
That one might even go ahead with the Red Light, Green Light field, without the massacre that was in that game in the aforementioned series.
Hahaha, This is one fun post.
You call yourself a non-trader and yet have a better understanding of trading than more than 50% of the trader.
I'm not a trader, I don't have time or nerves😀 But yes, I know how to do it 🙂