LIVEUNDERSTAND THE PSYCHOLOGY OF THE CRYPTO MARKET!
For those new to crypto, it's crucial to grasp the upcoming Bitcoin halving's significance. Experts anticipate a fresh bull run peaking in late 2025, 12-18 months post this year's halving. However, many will stumble along the way. Let's dissect the psychological phases:
PHASE 1 - Accumulation:
Seasoned investors seize discounted rates, new projects surface, albeit with lingering skepticism. Similar to last year's scenario when $BTC was at $15,000 and fear engulfed the market.
PHASE 2 - Momentum:
Prices surge, experience corrections, then surge again. Enthusiasm mounts, HODLers celebrate, FOMO sets in, and alternative coins witness a surge.
PHASE 3 - Euphoria/Excess:
Greed dominates, prices skyrocket daily, mainstream attention peaks, odd market behavior emerges, and scams proliferate. Monitoring the Bitcoin Fear and Greed Index is crucial - a reading of 90 signals impending trouble. Be prudent, or risk missing the crash.
PHASE 4 - Massive Crash/Long Red Candles:
Prices plummet, panic spreads, media broadcasts negativity, whales and fresh investors exit, while veterans seize the opportunity to buy the dip. Novices often find themselves stuck holding depreciated coins for extended periods - avoid falling into this trap!