BTC Big Cycle - The Mental Journey of Retail Investors
Friends who have traded in cryptocurrencies know that you have to buy at low points and sell at high points to make a profit.
So how to buy when BTC falls to 10,000 in the bear market, and then get more than 150,000 in the bull market.
Some people will think it is easy when they see this, isn't it just buying and selling? But the seemingly simple strategy actually has a lot of ups and downs behind it, and it is an extreme test of human nature from beginning to end.
The following is a simulation of the mental journey of retail investors:
Doubt: Can Bitcoin really fall to 10,000? I really can't think of any black swan that can hit it so low?
Fear: Damn! Bitcoin has fallen to 10,000, it won't continue to fall, right? Blockchain scam! Don't buy it!
Conservative: Bitcoin bought at 10,000 has now risen to 20,000, double it and clear the position and put the money in the bag.
Missing out: Sold at 20,000 and waited for a callback. Now it has risen to 50,000, there is no way, go back in.
Satisfaction: Bitcoin is 100,000! I feel it should have reached the top, so I will withdraw first. I will leave the fishtail market for you and go short.
Greed: Bitcoin is 150,000! Short positions are blown up, and I will start to go long. It will definitely continue to rise! Eternal bull market! Sell the house and go all in! The bull-bear transition is going on quietly. Soon the currency circle will start a new round of big corrections. Those who didn't run in time will be stuck at the top of the mountain.
Throughout the process, the actual increase of Bitcoin exceeded 15 times, but many retail investors may only eat a few times, and even spit out the only profit because they didn't escape the top in time.
The real winners are those who have not operated much from beginning to end.
As a senior cryptocurrency investor, I share my experience and insights for free. Are you interested in the cryptocurrency circle but don't know where to start? Follow me and see my homepage, and I will take you to achieve freedom in this bull market.