RE: What Are Some Things You Should not Do During A Bull Market Year?
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I agree with you on many points, but not on the idea that everyone has a specific price point. Usually, when the price rises, the selling price point moves further away; people think something like, "Well, it'll rise a bit more, and then I'll sell." On the other hand, when the asset is stuck at the bottom, the thought is, "It'll drop a little more, and I'll buy." This is a big mistake.
Also, you mentioned that it’s harmful to listen to FUD in a bull market. I would add, with your permission, that it’s always harmful to listen to it. Usually, FUD comes when the price is low, spreading fear that it will go even lower, and at the top, the opposite happens—FUD makes people believe the price will keep rising, always higher, so they don't sell.
I think honestly I react well with FUD this time around, I reacted in a way I shouldn't have. It's bizzare, and it's quite ironical how this has played out. I have learned one more interesting lesson about the market. Not wanting to buy because you expect the market to go lower so you can get even more. It's a shame lol, and I feel like I've been played hahaha
Yes, in most cases, it all works in reverse. I once came across an article analyzing the loudest FUD from the previous market cycle with a BTC chart reference, and almost everything worked in reverse. When they shout that you need to buy, that’s when you should sell, and vice versa.