“𝑩𝒖𝒚 𝑯𝒊𝒈𝒉 𝑺𝒆𝒍𝒍 𝑳𝒐𝒘 𝑨 𝑵𝒆𝒘 𝑻𝒓𝒂𝒅𝒆𝒓𝒔 𝑮𝒖𝒊𝒅𝒆 𝒕𝒐 𝑷𝒂𝒏𝒊𝒄”
Victor, a newbie Bitcoin trader, decided to dive headfirst into crypto after watching a motivational video titled “Turn $10 into $1,000,000 with Bitcoin.” Pumped with confidence, he downloaded a trading app and transferred $500—his savings for a new PlayStation.
Victor’s first move? He bought Bitcoin when it was slightly dipping, feeling like a genius. Two hours later, the price dropped further. Panicking, he sold everything at a loss, convinced he’d outsmarted a crash. Moments later, the price skyrocketed.
Determined to “win it back,” Victor bought again—this time at the peak. Naturally, the price dipped again. Frustrated, he posted in a crypto forum: “Is Bitcoin broken?”
A veteran trader replied, “No, Victor. You’re just experiencing a classic case of Buy High, Sell Low syndrome.”
Moral of the story: Victor is still saving for that PlayStation.
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