Being Too Scared To Buy When The Market is Bleeding Will Most Likely Hurt Your Portfolio

Your portfolio is already red by now, and if not, congratulations! You bought in early and have an advantage over the vast majority of people that bought high.

During times like this everyone is panicking and some people already sold their crypto to buy in lower in case that the market will keep going down.

ARE YOU A GODDAMN PROPHET? There is no way any of you could accurately predict what the bottom or the top of Bitcoin will be short/medium/long term. It's just pure speculation.

During the May crash I started DCA-ing at 45k. I bought Bitcoin since 45k down to 30k for a long time. I haven't sold since then and I still have some profits. I couldn't have known what the bottom or the top was.

Now, my friend, he said he was waiting for 20k Bitcoin and 1k ETH before going in, and guess what? HE NEVER got in! He was too scared to buy because there was a possibility that Bitcoin could've gotten even lower. Then what happened? He PANIC bought ETH at 4k because of the hype!! CRAZY!

Now I'm definitely not a prophet, but what if 40k really is the bottom this time? You were too scared to buy some and now we are looking at a 70k Bitcoin and 5k ETH and you didn't get in! How does that make you feel?

I'm not advising you to do anything, but I've swiped down on Coingecko and besides a few select coins, EVERYTHING is down! The RSI of Bitcoin is at 15 (which means it's over oversold) and this is the 6th day in a row Bitcoin is red. Think about that.

If you believe in Bitcoin to 100k or ETH to 10k then please open your eyes people! You have a great opportunity to buy in at a decent price!

Yes, things could get worse, we could also see 40k then 30k then 20k. SO WHAT? Buy at all times and then you would have an average of 30k. That's still better than the guy who would wait until 10k to get in!

Use DCA to your advantage. DCA in at low prices and DCA out when Bitcoin goes up again if that's what you like.

Also as a side fact: most crypto investors don't buy low and sell high. They usually panic sell at a break-even point because they can't take the stress anymore. Then they watch the coin go up and buy again even higher.. (I'm very guilty of this)

TLDR: don't be scared to start a DCA just because you think things can get even worse. Most of the people who made profits during the last bull run bought in during the May crash, without knowing when the bottom was.