Don't fall into the Bear Trap...
Well this didn't age well...
Everywhere you look there is talk of bitcoin going lower.
Even people in the industry are starting to think the price of bitcoin is going to go lower before meaningful support shows up.
While that may or may not be true, if you have a long timeline, just ignore it. Otherwise you get faked out by tweets like this one:
(Source: https://twitter.com/MMCrypto/status/1489143063746203650/photo/1)
This guy telling you to get out before it goes lower at $3,800...
Yea, that worked out well...
Always put what people say upside down... Essentially it applies to people who are planning to buy more BTC, instead of selling what they already have...
He's basically saying now it's not the time to buy more yet... People should wait for the markets to stabilize and then buy right before the markets start to recover.
Upvoted! Thank you for supporting witness @jswit.
