F*** Your Price Predictions
BTC will reach $100 000 by Christmas 2021. No, it didn’t. It will definitely drop to $20 000 in March 2022. Maybe it will, maybe it won’t. No one knows. So, take your crypto predictions and shove it up your …
Read the article and stay calm.
The human psychology
When traders or holders get terrible news about a certain crypto project or the economy in general, the response is fear. This often leads to overreaction — people compelled to liquidate their holdings and sit on the cash, refraining from taking any more risks.
We have been seeing this in the past couple of months. It looks like there is no hope.
Well, there is none. There was never hope. The markets are merciless. The rich people and funds will do anything to get your money.
And hey! They are succeeding! The rich are getting richer and the poor are getting poorer.
What will YOU do about it?
Don’t be afraid
Anyone here remembers the crypto slump in 2018? I do.
Do you know why it happened? Because most of the traders were retail. In 2018, big funds came in and they saw the perfect opportunity. They have shorted BTC and retail failed. Sounds like GME stock right? Except that back then we didn’t fight back.
Today is different on many levels. The majority of BTC holdings are in the hands of large funds. They will never allow the BTC to fail. We don’t even have to fight to keep BTC alive, we just need to trust the coin.
If we have learned anything is that the SP500 and BTC always go up. Sometimes slower, sometimes faster, but they always go up. They have to go, because this is the fundamental base of our economy.
My Point
Don’t listen to others. Look at the market. The best time to buy is when it’s red and not on the top. Don’t look at YouTubers predicting the end of the world. The world still stands. Ignore all the bad news. Don’t act upon them. Just look at the chart. You see red? Buy. Do you see more red? Buy again. Buy it many times and practice so-called “Dollar-cost averaging.” That is proven to be the best way to be profitable.
Take care.
Oh, about PENDLE. I’ll write a new article soon.