I sold my last stocks last week and was very much looking forward to buying Bitcoin and ETH. Finally, I was out of these stocks and could buy assets I believe in. But I was stupid and greedy. The crypto market was going up and I wanted to wait for a red day to buy. It wasn't even that much of a difference, but since it was a large amount of cash (for me), it just felt better psychologically to buy on a dip.
But the dip never came. 42k never dropped to 41. Instead it has been shooting up everyday all the way to 47 now and beyond. If I just would have bought at 42k, I would be done, happy, and not feel like an idiot for trying to time the market.
So don't be me in the future. Don't try to time the market in hopes of getting a slightly better price (unless you are an expert trader, which I am not). The best way to make money in this crazy market is to buy the best cryptos (BTC, ETH, and maybe a few top L1s) and chill. I knew this and try to always do it, but I got greedy once and got burnt.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments