We Have Learnt From History That We Don’t Learn From History
It’s always like a continuous cycle in the crypto space where we get a lot of people who constantly buys the top and sell the bottom, because their brain is wired to only see the green and jump off at the red sign. During the Bull market, that is when you constantly see guys ask questions like “I want to buy bitcoin” “Do you think it’s too late to buy bitcoin now?” “Can I still buy bitcoin now?” And the moment the price starts dipping everyone starts panicking.
Lots of people also wish they bought bitcoin when the price is down, but when their wish come, like seeing a cheaper price during the dip, they all go hiding because they are scared that a dip is a sign that crypto is dying. Most of these people are crypto investors in their head not with actions, they are like the window shoppers who only admire from far but don’t end up buying. This is something we have seen in history so many times, the wiser ones learn from these by being greedy when people are fearful land fearful when everyone is greedy. This way they accumulate more holdings during the bear market and sell of their position during the Bull market, this way they have taken their profit so that when the bear market comes back, it will make things cheaper, so they can buy their assets back cheaper.
That is the power of buying the dip and selling at the top, sometimes it can be risky because, how do you know that is the top? I guess you will never know when it’s at the highest top. The market has presented us with so many opportunities which is a buying the dip opportunity, from the look of things, the market is going to take sometimes staying in this dip.
We are currently seeing $20k Bitcoin as a dip but remember when we were at $3k and we were seeing $17k as a great pump, we tend to forget things like this so easily. Bitcoin might get to $100k in the next Bull run or higher, by then we are still going to see the $60k to $50k Bitcoin price to be a big dip as usual. Build during the bear market they say, so you can reap the profit during the Bull market, this is one of the best advise, but not everyone knows how or have the opportunity. Some try so hard by researching and some just wait for the opportunity to come to them, either way, making good use of the bear market opportunity is great.
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Some people just never learn. When the bull market comes, they begin to have FOMO, but when the bear times come, FUD sets in. This is why some people will never attain financial freedom and independence. They only look at the now, instead of looking at history and then developing long-term goals for the future.
Funny photo, by the way.
Well spoken, only stuck in the short term gain. Thanks a lot for the compliment
Some people are waiting for $14k to buy BTC. They may have to wait for a long time.
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