BTC - Maybe it's NOT different this time
This is, of course, a total guess, but imagine the smell if it's not actually different...who is honestly prepared? How many people will have a single dollar left to buy at 15k? 10? ...that's the standard 85% correction.
You know the bulls are delusional when what has happened twice before, and with stunning regularity (see chart linked below), is treated as completely unthinkable. On the other hand, you'll know when we're out of a bear market when the bears are overly confident that "this time is different" and Bitcoin really will die this time.
Remember: your only job in a bear market is to preserve capital. Leave making money for the bull market. You don't have to fret over the right limit order. The market will give you plenty of opportunities. Even if you buy late, even if you buy after the halvening, you'll still make plenty of money
...if things really are the same.
You know the bulls are delusional when what has happened twice before, and with stunning regularity (see chart linked below), is treated as completely unthinkable. On the other hand, you'll know when we're out of a bear market when the bears are overly confident that "this time is different" and Bitcoin really will die this time.
Remember: your only job in a bear market is to preserve capital. Leave making money for the bull market. You don't have to fret over the right limit order. The market will give you plenty of opportunities. Even if you buy late, even if you buy after the halvening, you'll still make plenty of money
...if things really are the same.
Comment:
I was off by a little, but not by much.
