$RUNE Several people asked me a few days ago whether the FBI was targeting RUNE and if they should cut their losses. I originally didn’t feel like replying—I stayed calm. Over the past few years, I’ve told traders many times: 1. You need to understand how this world actually operates. 2. Stay emotionally grounded. https://t.co/cWeIHurhd4
Anyone who has followed me for a while knows that I often talk about market psychology. The price of any market—whether potatoes, gold, or crypto assets—is essentially a reflection of the collective psychology of all buyers and sellers at any given moment. Any serious trader must understand, study, and deeply explore this topic. Events like the largest hacks in crypto history test your grasp of market psychology. After an event occurs, it essentially becomes a guessing game between buyers and sellers, because information is incomplete. Stage 1: (When the earliest and fastest participants see transactions on the blockchain hinting at a hack, their first reaction is to sell the most liquid or highest-risk assets.) Stage 2: (The price has surely become oversold; savvy players, aware of the true value of the asset, begin buying at these oversold levels.) This is exactly where I buy most high-quality coins whenever everyone is fearful and panicking. Stage 3: (Ordinary people—people with jobs, my neighborhood barber, taxi drivers—who aren’t professionals and don’t understand markets, simply follow TV news. They react slowly and start panic-selling as soon as prices rise slightly.) Meanwhile, smart traders quietly accumulate assets in small increments during the panic caused by these uninformed participants. Over time, this creates higher lows until there’s no excess supply left—and then prices surge. We are currently in this stage, which may last weeks or even months. This is what’s known as the “wall of worry.” This has happened many times throughout history. In the early days, price drops were far more severe due to smaller market caps. Even 15 years later, opportunities like this still emerge. As a trader, your job is to stay calm and capitalize on the mistakes made by the uninformed. Your job is to be smarter and calmer than 90% of others—like the legendary strategist Zhuge Liang. I’ve seen this pattern unfold too many times in my years of experience, such as in May 2021—I’ve discussed similar scenarios many years ago.
$RUNE has bounced back at the buy point I identified exactly one month ago. https://t.co/t6y0dF8UHr
The market was given a month to correct, and after waiting a month hoping for a discount on my favorite coins, this is all the pullback we got. I’ve been closely monitoring the market—most coins have already hit their lows. Now, take a look at where we stand in the bigger picture, and consider how much further we might go.
Over the past month, I’ve tried to stay low-key and posted less. Partly because I knew this past month wasn’t the right time for excessive excitement or reckless trading—doing so would only lead to losses. I didn’t want my followers to get overly excited at the wrong time. The other reason is that, about three years ago, my plan was to stay under the radar, keep my follower count under 10,000, avoid distractions, and reach my desired net worth target by the end of 2027. The advantage of having a smaller account is that I can freely discuss any potential profit or loss opportunities. Plus, I don’t want to reach a point where my posts can influence prices—that would be irresponsible. Of course, I’m probably just daydreaming. And that’s fine. After all, fame and flattery aren’t real—money is. However, over the next two months—November and December—I expect to post more frequently, not for views, but because there will be more opportunities.
Over the past few days, I’ve seen comments calling this blogger stupid, saying things like, “Yesterday you said to buy the dip, today you’re saying not to trade—you’ll lose money.” Even after explaining this a hundred times over seven years, 90% of people are still lazy—they read one post, don’t consistently follow along for months, and simply can’t understand. Humans are naturally lazy; they do the exact opposite of what I tell them, lose money, cry, and blame me. I’m used to it by now. The key is time frame. Yes, I did say to buy the dip when price reaches the lower end of the range and everyone thinks it’s over—because that’s where you get the discount and the cheapest price. Yes, I also said not to trade—meaning don’t buy and sell daily, because when there’s no real momentum and price isn’t moving much, you slowly bleed away your capital. But weeks or months later, those cheap purchases you made turn into substantial profits. It’s that simple—but most people can’t do it. On the intermediate time frame—weeks to months—the current position of BTC remains bullish.
There has been a lot of noise in the world lately. Coincidentally, these moments of distraction always seem to occur precisely when you, as an investor, need to focus most on the market. Yet I don’t believe in coincidences. If you knew me in real life but didn’t know I’m “Potato,” you’d likely think I’m crazy—because my views have always gone against the mainstream. That’s why, beyond making money, I avoid discussing anything else on my account—I consider all of it distraction. Bias toward any person or event is a distraction. A new week begins tomorrow. After weeks of the Ledger incident, falling ill due to Singapore’s haze, and the unrest in Europe, it’s time to relock and refocus.
