Welcome to the Bear Trap

for those of you super upset that you bought crypto and it immediately went down, this is following the pattern for basically every halving. Hype beforehand, followed by a drop off when the price doesn't immediately double. Over the following six months the reduced supply caused by the halving will work it's way through the markets and the actual bull cycle will take off.

Expect things to pick up again beginning around september, and going for 3-6 months until the whole things crashes back down to earth again.

Of course, that assumes that the future is going to closely resemble the past, but I haven't seen any substantive changes that would cause things to play out differently this time, but I can't predict the future.

Anyway, this is not surprising, and as always prices in crypto are about 98% emotion, and 2% fundamentals so don't expect things to behave 'rationally'

If you're not in this for the long game, and you don't have enough capital to manipulate the market in the short term you probably shouldn't be playing. Enjoy the rest of your day.