Bullish trap_What the lesson?

[Pandu Geddon]

These are not people doubting bitcoin but that they where having a target price for Bitcoin to touch down low again before purchasing and they miss a good price to buy as Bitcoin price keep covering heights. Yesterday bitcoin was 77k and immediately these very people are now buying out of FOMO at a higher price and could not wait for the .false breakout to happen.

If they don’t reach the target purchase price, then they need to evaluate their analysis of Bitcoin’s price movements. There’s nothing wrong with waiting for a drop, but the purchase target also needs to be considered reasonably. 
The price drop that has been happening for quite a while, starting from the end of last year, should already give an idea of a good price range to get in. If they delay buying and miss the opportunity, then their plan should be adjusted if the market trend really doesn’t match their plan.

[Silverstonez]

What is the lesson?

Actually, the is no lesson here. People should stop waiting for a good entry point, they can accumulate Bitcoin at any price provided they want to hold it for the long term and not for short period of time.  Also, people should stop accumulating Bitcoin because of fear of missing out, those who usually buy Bitcoin because they don't want be left out, and not because they truly want to invest in bitcoin usually end up selling their Bitcoin investment at the early stage of accumulation in lost due to panic when Bitcoin price start going down, instead of going up as the expected it to go.

[Marykeller]

How much time do those people complaining about not buying sufficient Bitcoin have before they feel they have a good amount of Bitcoin in their portfolio? I believe they can't tell.

You see, when people complain about one or two things about Bitcoin, I don't think I take them seriously. You know why? Because they procrastinate a lot. Bitcoin has been at a low price for a long time before the sudden increase happened. They couldn't take advantage of the market to buy as much as they could. It's now they want the market to decline to their own speculated price, they are a joker

[adultcrypto]

It is not established that the current moves of the market is bull trap, it could mean change of momentum that will usher in bull market. I was actually having the opinion of a bullish trap sometime ago but the reversal happening now shows great willingness of the market to see higher prices which I feel is targeting 100k. That is itself bull run because price will just be 26k away from the ATH with hopes of that being gotten before the end of Q1 next year.

[Hardyrobust]

 There are people that was thinking that the price of bitcoin will continue declining and because of this they failed to buy or utilise the opportunity that the market has offered. They were waiting for a desire dip only for the price to start going up again. So the lesson is very simple, it is not a good idea for anyone to wait for a desire dip because it may end up not happening. Instead of waiting for a desire dip before they buy bitcoin they can be buying whenever they have the available cash to buy bitcoin with. There are many people that will be disappointed because they have missed to buy bitcoin at a lower price while waiting for a desire price.

[EL MOHA]

There are people that was thinking that the price of bitcoin will continue declining and because of this they failed to buy or utilise the opportunity that the market has offered. They were waiting for a desire dip only for the price to start going up again. So the lesson is very simple, it is not a good idea for anyone to wait for a desire dip because it may end up not happening. Instead of waiting for a desire dip before they buy bitcoin they can be buying whenever they have the available cash to buy bitcoin with. There are many people that will be disappointed because they have missed to buy bitcoin at a lower price while waiting for a desire price.

It’s always like this, there are always people who don’t buy when it’s the right time because they are scared and then they end up buying when there the market is actually going to already. You would one of the common indicators in the crypto market is the fear and greed indicator. Usually what I say to short term investors is that they should buy when the market is in its fear zone and then sell when most people are showing the greed sign.

Aside this simply logic what it means is that people actually just want something heading up all the time and never bearish sentiment which is the opportunity for others to investor into bitcoin