Let‘s be real, without the people that always buy too high, no ATHs would exist. So here is a thanks to those for doing what is needed.

One of the biggest insider jokes on this sub may be, “buy high sell low“. While I think everyone understands it i will still explain it a bit, this phrase basically tells you to buy at a very a high price and then sell while we go down and is the opposite of the basic strategy to buy at a low price and sell higher for a profit.

This is such a joke here because especially the crypto markets are so volatile that many miscalculate or had a hopium-overdose to buy at the ATH or at least at a very high price, thinking they are “early“. Then once the tides turn those same people are scared because crypto has such a young history that it could may as well fail anyday and be history. Through that dilemma of being early but also too early many people accidentally master the strategy of “buy high sell low“.

But today we want to look on that from an other perspective, we always kind of joke about those people not being able to trade the market in a right way, even if we all know that those light-hearted jokes of course. But we should also know that those people are the most necessary for the whole market.

Without people buying at those high prices, there would not be even higher prices. If everyone would have the thought that anything over $30k is too high we would have just paused there or immediately went down.

To conclude this, the people following FOMO and buying high are one of the most necessary for a bull market rally and let‘s remember that many here probably also started off as such people and now developed further after gaining some experience over months or years.