Identifying the bottom with EMA. History can provide a broad overview of possible results. It doesn't matter if it's the absolute bottom or the absolute top if you generate profits between the two. Profit is always great, yet following the herd always results in losing money
Hi, I understand your concerns regarding macro economy, a possible recession, geopolitical conflicts, inflation, printing money etc. It's true that is a little bit different but in the grant picture is the same.
Is not this mindset that trick us every single time when we top or bottom? Our ego says "this time will be different!" And is not and we miss the opportunities. For a more conservative risk management, DCA slowly every week or month can resolve the fear sentiment.
Investors shouldn't care at what price level the bottom is it. As long as we accumulate in the middle doesn't mean so much if it's perfect bottom. Or if we sell at the perfect top. The key is to have a strong strategy and a lot of patience.
Baguette_fr
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i know it really does seem as simple as that but isn the economic situation vastly different than it was before? since btc is lately correlated to Nasdaq bc of institutions coming in, shouldnt we expect more dump? i do not understand how and why btc price should go up (even after let's say the usual 6 months)
I understand your concerns regarding macro economy, a possible recession, geopolitical conflicts, inflation, printing money etc.
It's true that is a little bit different but in the grant picture is the same.
Is not this mindset that trick us every single time when we top or bottom? Our ego says "this time will be different!" And is not and we miss the opportunities.
For a more conservative risk management, DCA slowly every week or month can resolve the fear sentiment.
Investors shouldn't care at what price level the bottom is it. As long as we accumulate in the middle doesn't mean so much if it's perfect bottom. Or if we sell at the perfect top.
The key is to have a strong strategy and a lot of patience.