"But it's the new normal everyone screams!" as we go from 2.6 T market cap to 1.3 T....
"BTC IS GONNA HIT 200K BY END OF THE YEAR!!" SAYS TWITTER USERS WITH 200K FOLLOWERS!
"This time it's different, people buying at 60k bitcoin ARE early adopters!"
"But muh 200 MA"
"TA shows we have huge support at 35k!" At 32k next day...
On and on
The only tried and true method is selling on the way up and taking profits. Only 10 to 20 percent of people can profit during bull runs.... Did you profit? Or did you sit around hodling because of your religious belief of number must go up? ;)
A lot of you got wrecked, no doubt. Its human greed and gambling addiction that is crypto prices that keep us from taking profits when we should.
I can buy 3 ETH now, sold 1.2 at a higher price and have enough for 3 now. Soon I'll have enough for 4! We had a huge run up of FOMO not supported by fundamentals and we will have a huge crash due to not having support by fundamentals.