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CEASE INVESTING & GRASP THE PSYCHOLOGY BEHIND THE CRYPTO MARKET!!!
If you're a newcomer to crypto, take heed!
The imminent Bitcoin halving is only days away, with analysts forecasting a forthcoming bull run reaching its peak in late 2025, 12-18 months following this year's halving.
Nevertheless, a significant number will still mishandle this opportunity.
Let's dissect the psychological stages:
STAGE 1 - Accumulation:
Crypto whales and veterans acquire assets at reduced rates, new ventures emerge, yet doubt persists. This mirrored the previous year when $BTC was valued at $15,000, and panic was widespread.
STAGE 2 - Momentum:
Values surge, experience corrections, then surge again. Enthusiasm intensifies, holders celebrate, FOMO sets in, and alternative cryptocurrencies experience a surge.
STAGE 3 - Euphoria/Excess:
Greed dominates, values escalate daily, mainstream interest peaks, peculiar market behaviors surface, and fraudulent activities proliferate. Monitor the Bitcoin Fear and Greed Index – a score of 90 indicates impending trouble. Exercise prudence, or risk missing the impending crash.
STAGE 4 - Severe Crash/Prolonged Decline:
Values plummet, panic ensues, negative sentiments spread through the media, whales and new entrants exit the market, while seasoned investors capitalize on the downturn. Novices are often left holding depreciated assets for years – avoid becoming one of them!
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