๐ YOU WILL LOSE ALL YOUR INVESTMENT! ๐ Unless You Understand The Psychology of the Crypto Market
Bitcoin hits $69k and the next halving is just 41 days away! ๐
Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.๐ฐ
Ready to ride the wave? I hate to state this but many are still going to f>ck this up.๐คท For real.
Let's break down the psychological phases:
๐ PHASE 1 - Accumulation ๐ฐ
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.
๐ PHASE 2 - Momentum ๐
Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.๐๐ป๐ต
๐ PHASE 3 - Euphoria/Excess ๐
Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see๐ the crash coming.
โคต๏ธ PHASE 4 - Massive Crash/Long Reeeeed candles๐ญ๐ญ โคต๏ธ
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the ๐ฐ for another two-three years -- the worst position to be in.
DON'T DO THAT!
Tips for Success:
โ Invest wisely and patiently.
โ Dollar-cost average.
โ Take profits on the way up.
โ Diversify and avoid overexposure.
โ Be cautious of hype and scams.
โ Watch for market sentiment changes.
โ Hedge positions strategically.
โ Keep cash reserves for opportunities.
The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! ๐๐ธ
>CryptoBullRun >Bitcoin
