The crowd is irrational...
When bitcoin was at $65k no one wanted to sell, when it was at $30k no one wanted to buy...
When it comes to investing, people are basically irrational.
The name of the game is to buy low and sell high but people usually do the exact opposite.
This was never more true than in the recent price action of bitcoin:
(Source: https://twitter.com/Nicholas_Merten/status/1407340325010558988)
This makes no sense logically, but people rarely behave logically when money is on the line.
Hopefully that was the dip, that was the low. The large bounce gives me early hopes that it was.
I dunno. This kinda sounds like a "buy" tweet https://steemit.com/bitcoin/@jrcornel/the-creator-of-bollinger-bands-says-bitcoin-just-bottomed
I would buy, but I spent so much last year and buying dips at the beginning of this year, I'm kinda tapped out. Just waiting for the rebound back to $60k
Thank You for sharing Your Bitcoin insights...
cryptos go up or go down its normal but we should keep our eye open.