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Euphoria is bad for investing

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by COINS NEWS 15 Views

We have had several green weeks lately. Returns are good, those who DCAed when everything was doom and gloom are now seeing great returns.

But beware of the euphoria. BTC to one million in three months is absurd and looks alot like the crazy talk we heard about BTC going to 100k by 2021. In the past, we have seen smart money using retail as exit liquidity in those periods.

Since we don't know where the market is going, a cautious approach is better. This means to keep DCAing like nothing changed, not going all in to allow us to take advantage of downs in the market, not leveraging our positions even if greed temps us to do so and not chasing gains by switching project everytime the market moves.

Investing is boring, if you are having fun you are most likely playing the casino. Don't do that to yourself, just accumulate for a better life.

submitted by /u/Aseira
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