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.

1️⃣The main reason is the panic in the market. The negative impact of the global stock market crash made it feel like the sky was about to fall.

2️⃣In 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

3️⃣When the price 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 means missing it. 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.

4️⃣Every plunge is an opportunity, which has been verified many times in history. The previous 94, 312, 519. And August 5 a few days ago. Did I tell you on August 5? That may be the lowest position in the next year.

When the market plummets, it depends on whether you have the courage to buy at the bottom. Buying at the bottom requires courage and is also a kind of wisdom.

Although there are many opportunities in the market, opportunities like this kind of plummet are indeed rare, so cherish them while you can.

Like, collect, and remember to buy at the bottom next time there is a plummet!