If You Can Buy Bitcoin At $67k You Can Also Buy At $40k

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So sad that people panic when crypto dips, but rush to buy when it moons. When crypto starts mooning, I get calls from some friends reminding me of those times I told them to buy a coin at a cheaper price. It’s a norm that I don’t get surprised anymore.

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Whenever they want to go for coin shopping, they keep avoiding coins with low volatility, and start going for coins with higher volatility that had mooned, according to them, the mooning and pumping signifies its discovery. This is sad because lots of people invest with emotions rather than investing with facts. Lots of crypto noobs bought bitcoin because of its social media hype not because they understood the technology or its utility. According to them that’s where you can makes lots of money.

When bitcoin got to an all time high, there were lots of opinions being voiced out. These opinions were filled with regrets, lots of people were wishing they bought bitcoin earlier instead of buying at an all time high, guess what, it has dipped more than 30% since it’s all time high and these crypto noobs are panic selling. It’s sad that the noobs that bought the top are panic selling while the wishers that wished for dips have disappeared.

Ironic how the world was celebrating bitcoin at $40k in January 2021, but are crying over $40k in January 2022. After witnessing what bitcoin went through 2021, it’s a legendary boss move that bitcoin still retained $40k price.

Thinking from another angle, the current price of bitcoin might not be the bottom yet. Just May be, they are waiting for a considerable bottom, but that’s very risky. One thing I have learnt about crypto is buying the coin whenever I want to, I honestly don’t have patience to wait for the bottom, I just buy when I have fiat money am not using. This is because, if I wait for a bottom, there is every possibility that it won’t dip, and I’ll regret not buying at the time I was supposed to.

You can never time the market, the market doesn’t care about your feelings or what your thoughts are, the market is only going to do what it’s going to do. The best is to adapt to the market, know when to exit if you are not holding for the long term.

Watching a YouTube influencer’s videos, taking financial advice and entry point from their videos, is an unwise decision in my opinion. Learn to do your own research and give yourself financial advise instead of depending on YouTube influencers.

I’m sure lots of people bought bitcoin at $67k because their favorite influencer told them bitcoin will get to $100k before the end of 2021. The most outrageous prediction I heard was bitcoin getting to $1 Million before the end of 2021.

Posted Using LeoFinance Beta



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10 comments
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🤔"buy whenever I want", I am writing that down, thank you for the advice

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Valuable coins never reveal themselves. Sometimes, valuable coins are so underrated. Just like Hive. I told my fellow Cryptians about Hive and when they saw it at $1.79 and still dipping, they were like, I'll check it out at $5. They won't remember and I won't remind them till Hive is $10.

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You are right, people prefer to buy when it is green but it is best time to buy when it is red.

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People have been buying the dip right from last year but nothing has really happened. I believe that most investors are no longer interested in buying the dip.

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