Congratulations to him on his appointment as the US SEC Chairman. However, Im just being careful not to have too many expectations from him. I know for sure that there wont be much done about Bitcoin/crypto, especially when it comes to innovation. We should expect more regulations, although this time, they may be a bit more crypto-friendly since we have a pro-Bitcoin president in office and now Paul Atkins, who is also a huge fan of crypto. Like I said before, not too many expectations, but I hope for the best this time and for good policies that will foster the growth of Bitcoin.
Market moves in its way but market participants often overreact like over FOMO, over panic with their purchasing or selling actions in the market.
In bull market, they over expect market price and think that it will move upward more and more, and they don't know where to take profit. I mean nobody know where is top and when top will be hit, but if they only want to invest and take profit in a market cycle, they must have plan of exit and withdrawal their investment.
In bear market, people over panic, have weak hands, lack of confidence and patience, as well as have bad risk and capital management. They end with panic sell in bear market and regret when market recovers from bottom and a new bull market starts.
