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STOP INVESTING AND UNDERSTAND the psychology of the cryptocurrency market!!
Bitcoin hit almost $70k right now and the next halving is just 40 days away! 🌙
Experts predict a new bull run that will peak at the end of 2025, that is, between 12 and 18 months from Halving in April 2024. 💰
I hate to say this, but many are still going to screw this up. 🤷 Really!
Let's break down the psychological phases:
🚀 PHASE 1 - Accumulation 💰
During this phase, crypto whales and OGs will have bought or will buy at discounted prices, new projects emerge, but skepticism persists. To be clear, this was more like last year, when $BTC dropped to $15,000 and there was blood in the streets.
📈 PHASE 2 - Impulse 📈
Here, as we are currently witnessing, prices rise, excitement rises, HODLers rejoice, FOMO kicks in and altcoins rise. 😍👻💵
🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over everything, prices skyrocket daily, general attention, strange market behavior, scam alert! For newbies, whenever the Bitcoin Fear and Greed Index makes a reading of 90, start managing your crypto position. Be SMART or not👀 you will see the crash coming.
⤵️ PHASE 4 - Massive crash / candles😭😭 ⤵️ Long Reeeeed
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, whales and new investors come out, veterans buy the dip. Newbies stay in the 💰 position for another two or three years, the worst position to be in. DO NOT DO THAT!
Tips for success:
✅ Invest wisely and patiently.
✅ Dollar cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be careful of hype and scams.
✅ Keep an eye on changes in market sentiment.
…
$BTC $PEPE
Bitcoin hit almost $70k right now and the next halving is just 40 days away! 🌙
Experts predict a new bull run that will peak at the end of 2025, that is, between 12 and 18 months from Halving in April 2024. 💰
I hate to say this, but many are still going to screw this up. 🤷 Really!
Let's break down the psychological phases:
🚀 PHASE 1 - Accumulation 💰
During this phase, crypto whales and OGs will have bought or will buy at discounted prices, new projects emerge, but skepticism persists. To be clear, this was more like last year, when $BTC dropped to $15,000 and there was blood in the streets.
📈 PHASE 2 - Impulse 📈
Here, as we are currently witnessing, prices rise, excitement rises, HODLers rejoice, FOMO kicks in and altcoins rise. 😍👻💵
🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over everything, prices skyrocket daily, general attention, strange market behavior, scam alert! For newbies, whenever the Bitcoin Fear and Greed Index makes a reading of 90, start managing your crypto position. Be SMART or not👀 you will see the crash coming.
⤵️ PHASE 4 - Massive crash / candles😭😭 ⤵️ Long Reeeeed
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, whales and new investors come out, veterans buy the dip. Newbies stay in the 💰 position for another two or three years, the worst position to be in. DO NOT DO THAT!
Tips for success:
✅ Invest wisely and patiently.
✅ Dollar cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be careful of hype and scams.
✅ Keep an eye on changes in market sentiment.
…
$BTC $PEPE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
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+4.22%
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