It's simply impossible to perfectly time the bottom, but still people try to do so. Most people in this sub seem to agree on one thing: the bear market will be long and prices will continue to build lower lows.
The end result? People will buy Bitcoin at $50k again, because that's when they finally realize that the bear market is over.
I'm not saying it's impossible we could see $10k Bitcoin, but how likely is that? Nobody can see upcoming news or how deep the recession will be.
But what do we know? We know that Bitcoin (for example) has shown us it's not impossible to reach $69k (which is nice). We also know that right now the price is much lower.
Do the math. Let's pretend BTC will reach $90k some day (you can replace it with one of your shitcoins and do the same):
- $1k invested at a BTC price of $20k => +$3,500
- $1k invested at a BTC price of $10k => +$8000
- $1k invested at a BTC price of $50k => +$800
Now think about it, is it worth it to wait, when you still think BTC will make new ATHs? Or will you kick your own ass for missing the train again?
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