1confirmation founder: Over-hyping in a bull market often serves as a counter signal, while a large and firm-believing community is the best signal
On November 22, Nick Tomaino, the founder of 1confirmation, posted on platform X stating that the most valuable lesson learned from past bull markets is that excessive hype often serves as a counter signal. When most people are making noise, it usually means they lack confidence in their own holdings and will sell to you given the chance. A large and steadfast group of holders is indeed the best signal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Crypto Fear and Greed Index is currently at 48, indicating the market remains in a "neutral" state.
Unicoin CEO: Will File a Motion to Dismiss the Fraud Lawsuit Filed by the US SEC
The probability of a Fed rate cut in September is 88.7%, while the probability of keeping rates unchanged is 11.3%.
Trending news
MoreCrypto prices
More
