1 $TRB $1000đ„đ„
This is such a great example of market dynamics and psychology.
The retail interest in #Bitcoin is massive at this point. They are looking to enter the markets when it breaks ATHs, which means it already did a 4-5x.
The timespan is completely non-existent for retail investors, while DCA and patience are the way to move forward.
On the other hand, this principle also applies for most of the altcoins.
People are lined up to buy into $XRP or $SUI, while many altcoins have basically seen no move or hype yet, therefore implying more risk when stepping into the markets.
Those are actually the moments to do so.
If you want to succeed in the markets, you need to replace this picture with Ethereum or any respectable #Altcoin that has seen a 60-70% drop in the past year, which is usually where you can get yourself started in the markets.
Yes, XRP and SUI are great projects, but most of the upside has already been made
It might sound boring, but I'm feeling quite great being positioned into mostly the $ETH ecosystem as I rather want to be positioned into things that nobody discusses at this point as that's where you can get the edge
If people are discussing a certain project solely on social media, most definitely you'll be the last part of the bell curve to be buying into that particular asset, ready to get dumped on: the lowest reward, the highest risk implied from a price perspective.
Investing in things which haven't moved yet, those are the riskiest on fundamental aspect as the price didn't prove their fundamental chances, however, on price, the downside is relatively limited and the rewards are magnificent
That's why you need to put in the effort: in terms of having balls of steel, but also in terms of conviction and fundamental research
When it comes to #Bitcoin and the current valuation, people have split opinions on where we're going to. Me too
I don't know where we're heading. Probably completely different than the majority expects it to do
But for once, if you're new or in this cycle for the first/second time. Stick around