06-22-2021, 09:38 AM
If you bought BTC at $60k but aren't buying at $30k, you were "trading" on emotions
<!-- SC_OFF --><div class="md"><p><strong>It doesn't take a genius to figure that out.</strong></p> <p>If you're a knowledgeable trader and can time the tops and bottoms with some degree of accuracy then this obviously doesn't apply to you.</p> <p>If you're in this for the long haul, the fundamentals haven't changed. </p> <ul> <li>There will still only ever be 21M BTC and in macro terms, it has historically only ever gone up.</li> <li>ETH is still a monumental leap in technology and going to start burning supply from July onwards when EIP-1559 is implemented in the London fork</li> <li>all the other promising projects are doing incredible things</li> <li>Fiat currencies are still going to see massive inflation from all the printing going on</li> <li>Bitcoin <a href="https://99bitcoins.com/bitcoin-obituaries/">has died 421 times</a></li> <li>China has banned bitcoin in every bull run to date</li> <li>Institutional adoption is only just beginning, we're still reporting every new company that is accepting it or holding it on their balance sheet</li> <li>You're still really really really early. Think of it in terms of internet adoption: How many people in your circles are into crypto vs how many of them are on Facebook, and how long did it take from the dawn of internet to reach that stage?</li> </ul> <p><strong>The price going down is a blessing not a curse because it's so much cheaper!</strong></p> <p>If you buy when it's red and sell when it's green, history tells us that you'll likely profit generously.</p> <p>If you couldn't time the top then you probably can't time the bottom, and you probably won't be able to in the next couple of years, so why are you scared of getting a massive 50% discount?</p> <hr/> <p>EDIT: Obviously if you have cash to spare. I'm not suggesting you buy any crypto if you can't afford to buy any. I thought that would be obvious.</p> <hr/> <p>EDIT 2: So many people saying they don't have any more cash to spare. That's because "your plan is seriously flawed". It's in the title. You clearly didn't budget correctly, but you can learn from that and not FOMO everything in all at once next time!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/areyoudizzzy"> /u/areyoudizzzy </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4uuse/if_you_bought_btc_at_60k_but_arent_buying_at_30k/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4uuse/if_you_bought_btc_at_60k_but_arent_buying_at_30k/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>It doesn't take a genius to figure that out.</strong></p> <p>If you're a knowledgeable trader and can time the tops and bottoms with some degree of accuracy then this obviously doesn't apply to you.</p> <p>If you're in this for the long haul, the fundamentals haven't changed. </p> <ul> <li>There will still only ever be 21M BTC and in macro terms, it has historically only ever gone up.</li> <li>ETH is still a monumental leap in technology and going to start burning supply from July onwards when EIP-1559 is implemented in the London fork</li> <li>all the other promising projects are doing incredible things</li> <li>Fiat currencies are still going to see massive inflation from all the printing going on</li> <li>Bitcoin <a href="https://99bitcoins.com/bitcoin-obituaries/">has died 421 times</a></li> <li>China has banned bitcoin in every bull run to date</li> <li>Institutional adoption is only just beginning, we're still reporting every new company that is accepting it or holding it on their balance sheet</li> <li>You're still really really really early. Think of it in terms of internet adoption: How many people in your circles are into crypto vs how many of them are on Facebook, and how long did it take from the dawn of internet to reach that stage?</li> </ul> <p><strong>The price going down is a blessing not a curse because it's so much cheaper!</strong></p> <p>If you buy when it's red and sell when it's green, history tells us that you'll likely profit generously.</p> <p>If you couldn't time the top then you probably can't time the bottom, and you probably won't be able to in the next couple of years, so why are you scared of getting a massive 50% discount?</p> <hr/> <p>EDIT: Obviously if you have cash to spare. I'm not suggesting you buy any crypto if you can't afford to buy any. I thought that would be obvious.</p> <hr/> <p>EDIT 2: So many people saying they don't have any more cash to spare. That's because "your plan is seriously flawed". It's in the title. You clearly didn't budget correctly, but you can learn from that and not FOMO everything in all at once next time!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/areyoudizzzy"> /u/areyoudizzzy </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4uuse/if_you_bought_btc_at_60k_but_arent_buying_at_30k/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4uuse/if_you_bought_btc_at_60k_but_arent_buying_at_30k/">[comments]</a></span>Kind Regards R