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Author Topic: Start preparing for the next bear run.  (Read 599 times)
Odusko
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February 28, 2024, 07:32:37 AM
 #61

You might be right but the idea behind the post is to encourage people to buy Bitcoin when it is cheap and they shouldn't wait until they see that the bull run is close or in the bull run. You will agree that it is better to buy when the price is cheap than when the bull run is already pulling the price high.
This is what I think about it. We see many people are talking about buying more bitcoin because bull run is coming but didn't even think about buying bitcoin when it is cheaper until the price is no longer cheap. What I can say about them is that they are a short term investors where they only invest when they think it will be profitable later on and won't invest if it's not profitable which in this case is they only buy Bitcoin when bull run is coming and won't buy if it is in a bear market.
That mindset of panic buying has always been a part of human existence for all the while in history, it is not only limited to bitcoin buying alone during high prices, the reason why people and investors tend to act in that line of thought is because of the fear of missing out without proper checks and studies on how past actions ended for those who took such steps before.

Bitcoin buying is most suitable when the market is down at a discounted price and at that making it easier to wait and also increasing your chances of making profits from that investment because the possibility for the price to go up is higher from the bottom compared to when you expect the price to keep going up when it already at the top of it performance

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