STOP AND LEARN ABOUT THE CRYPTO MARKET PSYCHOLOGY!!!
If you're new to crypto, listen up!
The upcoming Bitcoin halving is only days away, and experts foresee a new bull run reaching its peak in late 2025, around 12-18 months after this year's halving.
But here's the truth: many will still get this wrong.
Let's understand the psychological phases:
PHASE 1 - Accumulation:
Crypto whales and veterans buy at discounted prices, new projects emerge, but doubts linger. Remember last year when $BTC was at $15,000 and uncertainty was high.
PHASE 2 - Momentum:
Prices rise, correct, and then rise again. Excitement grows, long-term holders celebrate, fear of missing out (FOMO) sets in, and altcoins surge.
PHASE 3 - Euphoria/Excess:
Greed takes hold, prices climb daily, everyone's talking about it, strange market behavior appears, and scams become common. Keep an eye on the Bitcoin Fear and Greed Index - a score of 90 warns of trouble ahead. Be WISE or risk missing out on the crash.
PHASE 4 - Major Crash/Long Red Candles:
Prices crash, panic spreads, media turns negative, whales and new investors sell, while experienced traders buy the dip. Newcomers end up stuck with dumped coins for years - don't fall into that trap!