Post
Topic
Board Bitcoin Discussion
Re: Buy Low, Sell High
by
globalcitizen
on 08/12/2020, 04:21:27 UTC
As per CryptoWhale:



https://twitter.com/CryptoWhale/status/1327049480483508225

Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.

Simple reason is that people believe that it is more realistic for a car that loses its break going down hill to keep falling downward than it is to reverse the direction of the motion. The same way, a car that is already at a very high speed climbing a hill is more likely to maintain that force in the same direction than otherwise.

I think it's normal because most people would rather heed Newton's first law which states that every object will remain at rest or in uniform motion in a straight line unless compelled to change its state by the action of an external force. Man always want the easy way.