Every step in the long bear market is hard, and yesterday bitcoin soared in half an hour. It has risen more than 10 percent to $7,500 and, as it stands, bitcoin has gained a foothold, and it is possible to reach a small peak if it can break through.
Warren buffett has a classic quote: I am greedy when others are fearful and fearful when others are greedy. People are hampered by everyday inertia, unable to jump out of the wall of thinking. Most people have the idea of following the wind, and it's easy to get into a cycle when there's a whiff of wind in the coinage, or the recommendation of an expert. Since it is someone else who has made a lot of money, what the experts say is that they can make money, so they also buy. It is particularly easy to panic when you hear about the bad news about the projects you're investing in, and you're always looking at the digital currency you're buying.
To this day, even in a bear market, there are people who see this opportunity, and every big drop is a good chance to get in. Of course, contrarian investment is based on the rational return of the market after overreaction. To be on the premise of the fundamental value, after buying can stand the test of long-term holding, even if those can be overwhelmed by negative news of investment for many times, so can't calculate on is a good contrarian. In the currency circle, everyone's goal is to make profit.
Finally, I would like to add that there is a risk to the speculation, and the investment should be cautious, so we must put the eggs into different baskets and reduce the risk. Of course, I hope you can make more money in your investment and go to the top of your life.
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