I’m a broken record, constantly enforcing taking profits, not | Sheep-Free Zone👻
I’m a broken record, constantly enforcing taking profits, not buying high and simply being patient.
I will continue being that broken record until I know it has been understood and absorbed by every single Crypto Market participant who follows me. Anybody who is hurt by what I say is either over-leveraged, bought the top or cannot accept the reality that Crypto does not go up forever.
- Do not be blinded by influencers screaming “buy the dip” - Why do you think they never show you they’ve actually bought the dip? Can they show you those dips they’re buying? Of course not, they’re drowning right now. Enticing you to go balls deep whilst they farm the likes and retweets and make money outside the markets.
- Do not be blinded by greed - you should not be buying near ATH’s. You should not be buying until a bear market is in play. You miss the move? You’ve missed the move, wait for the next best opportunity. It doesn’t matter how much higher it may go or what donkeydickNFTRocket5000 is saying on social media about where the market is going. Do you think these people truly invest, trade or have any idea what they’re doing? It’s more profitable to make money from promo’s and shilling alts to dumb people than it is to actually take the time to adapt the art of investing and profiting from Crypto.
- Do not FOMO - the charts tell you everything. If you’re buying near ATH’s you’re fucked from the offset despite how high it may go because you’re unlikely to take any profits. Do you know many people who took profits this run so far? Very few I bet. 100% is not enough for people in Crypto, they want the 1000’s of % they were promised and seen shitcoins achieving. You buy too high and it’s very unlikely you’ll be selling in time.
Crypto continues to prove it can crash, but people will never ever learn. This is on the verge of being considered a real dip, but it’s still a crash. In Crypto terms this is obviously minuscule and not something to be feared. At the same time, it’s very apparent it’s a crash and should be embraced. Remaining in denial of it will not help you make money.
Ignorance is bliss. Most remain ignorant to anything outside of what they desire to be their reality. Crypto gives you an illusion you’re a genius, an illusion you’ve mastered the art of investment and making money. Makes it seem effortless, it kinda is. You do nothing besides press some pixels on a screen with your finger or mouse and an outcome of profit or loss is generated. When a profit is generated, suddenly you begin to dream of the lambos and what you’ll be doing with this never-ending stream of money.
Unfortunately, it’s not you who’s the genius. It’s the market.
Unfortunately, it’s not actually the market so to speak, it’s the actions of the individuals pulling the strings of how the market operates that create the candles you see. They’re the intelligent ones. You’re not, neither am I or anyone else for that matter.
You’re not a genius when the market pumps, the market is moving upwards to provide enough financial return and euphoria to allow you to believe you’re the expert. No point in bragging about being a genius if you’re now in a predicament where your ego doesn’t have the endless green candles and increasing percentage returns on Blockfolio to fuel it
In the grand scheme of things, you don’t ignore crashes like this. You protect yourself against it. Crypto is a pure mania of speculation and over-valuation. It’s barely regulated, it’s an all up frenzy and you’re merely a participant of a much larger game being played.
Maybe this is just a fuel-stop to go towards 80K. Do you want to take that risk and chance? Considering what this market continues to show you it’s capable of doing to you?
The risk of not selling anything is far greater than the risk of selling and missing out on some gains if price keeps pumping.
Most of us have made more in Crypto than we’ll ever make working a job that provides a measly payment to keep us afloat from outgoings just 12 times a year.
