emeraldglass
6'1" Gymmaxed Moroccan
Staff
- Joined
- Sep 20, 2022
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When the market is the most hated. that
Is precisely the time with the greatest opportunities.
How do people react now when you tell them about cryptocurrency? In most cases, they declare you crazy, right?
These are the moments you have to love. Remember well you don't get rich by buying where everyone else is buying,
you get rich by buying at a time when nobody wants to hear about the market.
That is always a very strong buying signal. And this is what I personally waited a very long time for.
Incredibly low prices!!!
But investing doesn't mean betting your entire budget on 1 point because that just amounts to
to gambling!
Or did you think hedge funds and banks provide a few billion for stocks and then bet them all-in?
No they spread their budget and buy where ever they think is a good time to buy.
I am convinced that this is not yet a bottom and that bitcoin can still drop back a lot lower.
But for the people trying to time the bottom, do NOT do it. You will always fail.
Make a plan of action:
1. Calculate the budget you can lose
2. see which currencies you want to invest in
3. Divide your budget and determine your buying moments
4. Start buying cautiously from the portofolio you drew up
And stick to the plan! Set your emotions to zero and don't let the market scare you through FOMO or anything else.
Is precisely the time with the greatest opportunities.
How do people react now when you tell them about cryptocurrency? In most cases, they declare you crazy, right?
These are the moments you have to love. Remember well you don't get rich by buying where everyone else is buying,
you get rich by buying at a time when nobody wants to hear about the market.
That is always a very strong buying signal. And this is what I personally waited a very long time for.
Incredibly low prices!!!
But investing doesn't mean betting your entire budget on 1 point because that just amounts to
to gambling!
Or did you think hedge funds and banks provide a few billion for stocks and then bet them all-in?
No they spread their budget and buy where ever they think is a good time to buy.
I am convinced that this is not yet a bottom and that bitcoin can still drop back a lot lower.
But for the people trying to time the bottom, do NOT do it. You will always fail.
Make a plan of action:
1. Calculate the budget you can lose
2. see which currencies you want to invest in
3. Divide your budget and determine your buying moments
4. Start buying cautiously from the portofolio you drew up
And stick to the plan! Set your emotions to zero and don't let the market scare you through FOMO or anything else.
