If you’re thinking of jumping into #crypto now, be warned: you’ve already missed the golden opportunity. Just 30 days ago, nearly every cryptocurrency was trading at prices 30% to 100% lower than today. Those who bought in then and held onto their positions have seen significant gains. That time is gone, and entering the market now, especially for short-term gains, is a recipe for losses.
The current market is highly inflated compared to just a month ago. If you buy now and the market corrects, as it often does, you’re almost guaranteed to lose money. Worse yet, if you panic and sell at a loss when prices drop, you could lose everything. While some speculate that a bull run is around the corner, this is purely speculation. There is no guarantee the market will continue to rise, and betting on hope is a dangerous strategy.
Crypto is not for the faint-hearted, and it’s certainly not for those chasing quick profits driven by hype. If you’re late to the party, accept it - don’t be #FOMO
Entering now if you’re poor and without the financial means to withstand losses or the discipline to hold through volatility is asking for disaster. The market doesn’t care about your hopes or timing it rewards preparation and punishes impulsiveness. Proceed with caution or not at all!
