IncomeSharks

The algos aren't broken, we are unfortunately addicted to anger and rage (look at politics). The easiest model to getting more clicks is: Enragement = Engagement. It's a vicious cycle and it's why social media and the news is so destructive to mental health.

These are the exact conditions of where crypto should be thriving. Still optimistic we can go back to being a serious space. Hopefully everyone is done with all the garbage narratives, ponzis, scams, and grifts and we can at least go back to pretending we care about the tech.

If you treated trading like a seasonal resort business you'd do better. Instead of trying to stay open year round you wait to open (trade) when the tourists show up (liquidity) and everyone is willing to pay more because the weather is great and they are having fun (bull market)

It's amazing how often the "nothing ever happens" trade works out. Especially when it's anything crypto related. The reality is always between the extremes.

Not a coincidence that the two worst Mag 7 stocks are both located in Washington State: $MSFT and $AMZN.
There's been a lot of tax bills passing/getting passed that are directly hurting them and the employees
1) Millionaires' Tax Bill 6346
2) Well Washington Fund Payroll Tax (House Bill 2100) - A 5% payroll excise tax on employee wages.
3) Corporate Revenue Surcharge - Applied to 400 firms excluding Boeing
4) Advanced Computing Surcharge Increase - Raised from 1.22% to 7.5%

The entire 10/10 event explained in one chart.
Investing in Gold is now a bet against America
Investing in Bitcoin is now a bet for America
Bitcoin goes up, Stablecoin demand goes up, US treasuries go up, rates come down, National Debt slows, dollar gets stronger

Top holders of US debt and the rise of Stablecoins:
1) US Intragovernmental: $7.62 trillion
2) Federal Reserve: $4.3 trillion
3) Japan: $1.2 trillion
4) United Kingdom: $890 billion
5) China: $680 billion
....
11) Crypto Stablecoins (USDT/USDC): $370 billion

Short term pessimist, long term optimist. Still the most effective trading strategy. It helps you realize profits, preserve capital, while keeping you bullish long term allowing you to stay level headed on dips and major corrections.

The pendulum from overvalued growth stocks swinging back to value plays that got hammered from inflation is the reason why it feels like a bear market while some indexes are at ATHs. Retail historically invests heavy in growth which is why there's so much panic.