Everyone's saying we are at the bottom and we should buy. It's not that simple

people have decided 59k was the bottom. and my honest read is that the confidence itself is the warning sign.

I think lower prices are still coming. And if they do, then "it's going to zero" crowd comes back out, same as every cycle. We might drop from here, We might not, i'm not pretending to know.

You'll get people telling you this is already a good zone to be buying into and nobody catches the exact bottom, and the people who wait for confirmation usually buy higher than the ones who just accumulated through the boring part and they are right to an extent.

But my logic is that real bottoms don't form while everyone's calling them out loud. they form in exhaustion like when people have stopped posting, stopped hoping, stopped looking at the chart. We haven't reached that point yet. rn the timeline is calm and upbeat. nobody's actually hurting yet. Down the line none of this timing probably matters much. I just don't think now is the moment everyone's insisting it is.