Subtitle: What this drop reveals about market psychology, fear, and control
By Michaelson Williams, TSX, author of YOU ARE ILLUMINATI, Trainwashing: The Secrets of Positive Brain Washing, True Success Naturally, The Legacy Wife, and more...
It’s official: Bitcoin is now down more than 50% from its all-time high near $126,000. What does that mean? It depends who you ask—but investors are definitely paying attention. Well, if you are indeed a Bitcoin or altcoin investor, this is about the price point that would start sending a bit of stress through your bloodstream. I guess this would also depend on how much you have invested, but I'm sure more than a few people in the crypto investment space are on edge right now. And rightly so.
I do my best not to tap into my emotional investing feelings, but something in my gut tells me this isn't a normal Bitcoin market dip. At more than a 50% loss, that's not a dip; that's a trend—and trends like this are usually driven by something deeper that investors need to pay attention to.
The financial markets are mostly, if not completely, controlled by whales. The average person doesn't possess the knowledge or means to effectively move markets in any meaningful way. Instead, markets are shaped and steered by people who have the ability to influence public opinion—or rub elbows with those who do.
These people are able to start wars in foreign territories and change political landscapes with a few words or by moving lots and lots of money. That includes Bitcoin. While the average investor moves a few coins from a savings account into the crypto trading space, whales move mountains. The average investor looks at money as a means of gaining some level of freedom, which comes with a bit of stress—counterproductive to making life-changing financial gains.
Whales invest as if money is energy, fake, or a game that, if played correctly over time, increases monumentally. All financial investments are based upon the psychology of the person making the investment. If you're born into a wealthy family, you're more than likely to invest based upon how your father and grandfather did. The rub is that the opposite is also true. Generational wealth generally leads to more wealth, while generational poverty—with a few exceptions—generally leads to more poverty.
Most investors end up spending their entire investing lives stuck on a hamster wheel, repeating the same moves over and over again. This isn't because the information needed to be a successful trader isn't out there, but instead because bad habits are difficult to break. More often than not, people can't break the bad money habits that were passed down to them from their parents and grandparents. Breaking generational financial poverty isn't easy, but it is possible for everyone.
All fiat money is, in essence, fake. The money energy, and how we as human beings treat it is based upon collective social agreements, but in actuality it's pretty meaningless. Money comes and goes for everyone, whether you're perceived as rich or poor. Money brings happiness and sadness to everyone at some point in life, much like any game you've ever played. If you are connected to money too tightly, it will wreak havoc, but if it flows through a less emotional mental framework, high levels of stress can't build around it. Play with it—it's only money.
Written by Michaelson Williams
Creator of The MichaelsonEffect
Author of YOU ARE ILLUMINATI - Psychological World War III
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