Why did most people miss the opportunity to buy at the bottom on August 5, and some people even sold their positions at a loss.
The main reason is the panic in the market, and the negative impact of the global stock market crash, which feels like the sky is about to fall.
In fact, you need to learn to think at this time:
1. First of all, the cost price of Bitcoin spot ETF institutions is around 60,000
2. The difficulty of Bitcoin miners is increasing, and the cost is also high
3. The most important thing is that when it falls below 50,000, more people are bearish
When it plummets, some people may think that there will be a second test, and it may fall even lower. I want to wait a little longer and look for a lower entry point. In fact, waiting is missing. Even if there is a second test, what does it matter if you build a part of the position first. Wait for the second test and then cover the position.
Every plunge is an opportunity, which has been verified many times in history. The previous 94, 312, 519. And August 5 a few days ago.
When it plummets, it depends on whether you have the courage to buy at the bottom. Buying at the bottom requires courage, which is also a kind of wisdom.
Although there are many opportunities in the market, there are few opportunities like this one, so cherish them while you can.
Like this, and remember to buy at the bottom next time there is a crash!