Good write up but no good information in it, to be fair!!!
From the title; will love to ask, Do you regret having money?
Shall we forget the fact that bitcoin is money? But in a digital form with a maximum number of 21 million.
Well, anything can be money too, including your body. Money is anything of value that can be exchanged for goods and services. So when you say Bitcoin is money, that is true, but so are you 😁.
Let’s be real for a second..The market can be a massive pain in the ass. There is a specific kind of mental exhaustion that comes from watching Bitcoin dance at a price significantly lower than where you bought in. It’s not just the loss of money it’s the loss of time. When weeks turn into months, and months turn into a year of underwater prices.. many peoples narrative starts to shift from I’m a bitcoin investor to Did I just make a huge mistake?lol..
We see people talk about HODL like it’s a badge of honor, but they don't tells you how heavy those hands feel when price goes down. Most investors can handle a quick crash. What they can’t handle is a price that refuses to move. Seeing your capital less than what you had invested and be relaxed, while the world tells you to hold, takes a level of psychological grit that 95% of people simply don't possess.
The feeling of regret is almost inevitable. You look back at the market from last year and it looks so obvious. You begin to tell you self, If I had just sold at the peak, I’d be sitting on a lot of profits, I couldd have bought back in now and doubled my stack.lol but who would have known?Nobody can fully predict the market. Last year, the momentum was so strong it made everyone believe the Up Only trend was not coming to an end soon. We got blinded by the green candles...
The painful correction,the boring, frustrating phase where the price stays low and the regret of I wish i had sold.. If you’re feeling like you made a mistake of not selling because the conditions are unfavorablle, you’re likely just experiencing the exhaustion phase of the cycle. Everyone does. No one is actually happy right now that bitcoin price seems not to be returning to the upside soon. But history shows that the market doesn't care about our if I had only known stories.. It only rewards the few who have the courage to stay the course when the pain in the ass factor is at its peak..
I feel it will be traders who will have this mindset. I use to trade, so I can relate perfectly to what you're saying. I am planning on buying at a point I feel will be the bottom which is around the 50k level. So I'm monitoring that point, once it gets there, I'll start accumulating whether it goes down after that point or not.
Although, it probably might not bottom at that point. But, if it signals a bullish reversal from the 60k mark, I'm buying too, or should I say "accumulating".
(NFA)If I'm a hodler, and not a trader, then I won't exactly concern myself with market swings. Cause I know the only direction, according to what someone once said in this forum, is to the right and upward 😉
