You will lose all your investments!
Unless you understand psychology
Cryptocurrency market
Experts expect a new price rise that will peak in late 2025 - 12 to 18 months after the halving occurs in April 2024.
Are you ready to ride the wave? I hate to say this but many people still act realistically.
Let us analyze the psychological stages:
📌Stage 1 - Accumulation
During this phase, crypto whales and entrepreneurs will buy or buy at discounted prices,
New projects appear, but doubts remain.
To be clear, this was like last year when the price of Bitcoin $BTC dropped to $15,000 and there was
Blood in the streets.
📌The second stage - momentum
Here, as we are currently witnessing, prices rise, excitement builds, crypto holders rejoice, fear of missing out sets in, and altcoin prices soar.
📌The third stage - euphoria/excessiveness
Greed takes over, prices rise daily,
Watch out for trends, strange market behavior, and scam alerts! For starters, whenever the Bitcoin Fear and Greed Index registers a reading of 90, start managing your position in the cryptocurrency. Be smart or you won't see the crash coming.
📌The fourth stage - massive collapse / long-term candles
Here, you will witness a massive downtrend.
Prices collapse, panic selling, media negativity, whales and new investors exit, veterans buy
decline. Beginners are left holding onto the coin for another two or three years -- the worst situation one can be in. Do not do it!
⏰Tips for success:
Invest wisely and patiently.
Dollar cost average.
Get profits while going up.
Diversify your investments and avoid overinvesting.
Be careful of exaggeration and fraud.
Monitor market sentiment changes.
Cover positions strategically.
Keep cash reserves for opportunities.
The coming months bring excitement, risks and rewards. Navigate wisely, and you could be on your way to life-changing fortune in this razor revolution!
