Before you answer for me- no, it's not just because I'm deluded. I mean, it might be partly that admittedly.
"Be fearful when others are greedy, and be greedy when others are fearful."
We hear that quote all the time during crashes don't we, and I know it becomes a bit tiresome, but there's truth to it.
Who here was buying when everyone was super bullish? How did that work out?
When the sentiment shifts to:
Crypto is garbage, crypto is a shitshow, crypto is dead, etc. etc.
THAT is when you accumulate. And the good news is that's the sentiment I'm seeing right now.
If you got into crypto when Bitcoin was near its most recent all time high, then try to see $32k Bitcoin as a positive thing. And if you're really lucky, you might get a chance to pick up some Bitcoin at $25k, but I'm not sure if the crypto gods will be that kind to us.
To be around $30k a little over a year after the last halving isn't bearish at all, despite the fact we were in the 60s not long ago.
In my opinion we'll be at a new all time high in a few months, but as I don't have a crystal ball my guess is as good as yours.
Just make sure you always follow the general investing rule of not investing more than you're willing to lose and you'll be fine.
Anyway, I'm not telling anyone what to do here. This is all me just thinking out loud and sharing my thoughts. Perhaps it's all just a coping mechanism.
Finally: Good luck out there everybody!
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