The market suddenly surged, rekindling the overall sentiment.
In fact, during an uptrend, one should not become overly euphoric, just as one should not panic during a downturn.
When investing in cryptocurrency, the first step is to understand what position we are currently in, whether it is a bull or bear market.
Having a comprehensive understanding of the macro environment means that, according to our investment style, it is impossible to lose money.
Take the current market situation as an example; I believe it is a bull market, and we haven't even reached halftime yet—the real climax has not arrived.
Therefore, all the fluctuations before this will not affect my mindset; they will only provide better opportunities for bottom fishing when the market declines.
However, as a blogger, I need to inform my followers about what to do and when—don't chase prices when the market is rising, don't panic when it falls, and decisively enter to buy at the bottom.
In the short term, our entry point may not be the lowest, but in the long term, we are all in an excellent position to enter.
In fact, I know many people have doubts about why we didn’t sell when Bitcoin reached 108,000 and then buy back at 92,000?
This way, we could have made more money.
This question has been lingering in the minds of many beginners; they think that since you are a blogger with investment experience, you should be able to accurately gauge market fluctuations.
In reality, no one in the entire cryptocurrency space can accurately predict market trends; one can only make judgments based on the larger trend.
Of course, there are certainly people who claim they can, but at least in my understanding, no one can do that.
The most important thing is, if you take profit at 108,000 and the market continues to soar, what if it rises to 110,000, 120,000...?
What will you do? Watching others make money is much more painful than losing money yourself, so you will definitely chase prices at a high point. For retail investors, by the time you decide to chase prices, you are essentially at the peak of this bull market.
This is an objective law and reality of the cryptocurrency space that will never change.