Yesterday I shared a bit and felt everyone's trust in me; I feel very happy every time I share, and this will be my ongoing motivation. This time, there was a special feeling about the sharing. It reminded me of a story, specifically a cocktail party story of Wall Street fund father Peter Lynch.
Peter Lynch said that at a banquet, when others know you are a fund manager and like to talk to you about stocks, it indicates that the market has reached an overheated state, which is the right time to sell; conversely, when you know the other party knows you are a fund manager and casually chat before getting engrossed in a conversation with the dentist at the same table, it indicates that the vast majority of people have already incurred losses, and this is the market's low period, making it a good time to buy in.
After yesterday's sharing, most people have already lost interest in cryptocurrencies and started showing interest in feng shui and astrology. This indicates that most people have taken a pessimistic view of the market. Indeed, the market has been declining for over a year, and looking at PePe, it has been falling since December last year, now approaching more than a year of decline.
That was a dark horse back then, and even that dark horse has fallen this much. Just imagine how other altcoins must be doing. So, the entire market has reached its lowest point. Now, as Pepe starts a surge, you can begin to come back from vacation and re-enter the market to get a feel for it.
From yesterday until now, Doge, PePe, and Shiba have shown frequent fluctuations. The market may now revolve around them for a small rebound. All of them are severely oversold, and oversold conditions mean the opposite is inevitable. As the I Ching says, 'extreme situations inevitably lead to reversal'—when prices fall too much, they will eventually rebound. In a bear market, you should focus on oversold assets.
