Do you have the balls to buy low?
I tried to recall how my mind was acting back in the days that any shitcoins were surging in 2017. The confidence level was so high that if I ever come to the "buy low sell high" trading statement I would ask myself that "what if my favourite crypto falls to all-time low?", the answer would be 10/10 "definitely buy more!* every time.
And the market started to test my mental in 2018, when Bitcoin was down to 10k USD, like everyone else I thought this was a great chance and I dollar averaged some. The price keeps falling instead of going to the top 20k USD level, I kept buying except with a decreasing fund. Obviously, it reflects the decline of my confidence level with the bear market movement.
We are here a few months later, and crypto is getting nearer to the dirt every day. I haven't spent a dime in crypto buying for this whole period. Had some tight financial situation in real life being the top reason and like everyone else again, I was hoping the price to be lower.
Here is a dose for those were in the same place as me but would like to pick up the strong faith again and buy low:
Posted from my blog with SteemPress : https://fr3eze.vornix.blog/do-you-have-the-balls-to-buy-low/
I watched that video before and there are some truth in it. The institutional investors are used to making investments with extremely long term horizons. 10 years and maybe even 20 years. If you have that kind of horizon in mind, now is the time to accumulate :). Though I believe it is not going to take that long. Haha..
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Definitely not that long imo as well. Talking with decades of horizon, BTC seems like the safest bet tho...
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2014 ATH = "Bitcoin doing so good, I wished I buy more"
2014-2016 Corection = "wah, Bitcoin dropped so low, die already is it? Better don't buy"
2017 ATH = "Bitcoin doing so good, I regret I didn't buy when it was low. Shud have listened to you"
Now = "Die lah, don't need to look at Bitcoin already. Scam"
That was not fiction. It's the things people around me said throughout my experience being a bitcoin fanboy.
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Thanks for another dose of shilling for me man. Great to know you kept an eye on Butcoin 4 years ago. So did you buy the low in between 2014-2017? This is my first time experiencing such a big bearish market with my skin in the game, definitely interesting to see how people changes their attitude along with the chart.
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I've stopped saying I regretted not buying all those years ago (Bitcoin "crashed" as low as $400 at one point from the ATH at $1400++) because times were different then.
Now all I'm telling people is "if you wanna speculate, just use the money your clubbing money and not think about it for the next 10 years. don't complain if it goes to zero and don't complain you should have put in more. Not if you don't fully understand what Bitcoin is."
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interesting video :)
makes sense. individuals with that kinda resources have the power to affect an entire market.
I especially like the phrase in the ending part of the video, Don't listen to what they said, look at what they do.
This game is too silly! I'm not surprised talking heads force the price down they do it with everything.
As long as the market is not 'matured' yet I guess the game would be silly. Who catch the trend or happens to be 'think alike' with whales would win big.
Posted using Partiko Android
2014 ATH = "Bitcoin doing so good, I wished I buy more"
2014-2016 Corection = "wah, Bitcoin dropped so low, die already is it? Better don't buy"
2017 ATH = "Bitcoin doing so good, I regret I didn't buy when it was low. Shud have listened to you"
Now = "Die lah, don't need to look at Bitcoin already. Scam"
That was not fiction. It's the things people around me said throughout my experience being a bitcoin fanboy.
Posted using Partiko Android
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