A very good friend of mine entered the cryptocurrency circle before 2017. As soon as he entered, it was a bull market. Bitcoin was also in a stage of continuous rise.
He said that he watched the price of Bitcoin rise every day until it reached 20,000 dollars, but he never got on the train. He just didn’t get on the train because the opportunity had not arrived. He still didn’t get on the train until the bull market ended.
He said that he knew this thing was good and could make money, but it was not suitable to enter now. He still didn’t get on the train until the bull market turned into a bear market. Then it was a bear market.
When BTC was sideways at 3,000 dollars for half a year, he bet 80% of it. He was still on the train until it reached 75K. This is a real transaction.
When everyone thinks that it will fall further, they should just sell it directly and wait for a lower price to buy it back, the time for a change is coming, and it is not far from the real bottom.
Just like when BTC was at 57K, everyone was panicking and would be criticized for being bullish. After the fall from 57 to 52, the diamond bottom came out.