I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.
However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
It is logical that in order to make money on trading you have to sell at a higher price than you bought. However, it is not easy because, as we know, most people investing on exchanges is losing. I agree with you that it is better to buy now than wait for bigger price drops. The history of Bitcoin's price shows us that it will continue to grow, so if we buy now, sooner or later we will earn from it anyway.
This is only applicable with bitcoin but for other coins or alts on which most people do really engage on then you would really need to wait up for sometime to have a good entry price point on which you
could really utilize the possible profits that you could able to attain in shortest time as possible but as mentioned that this wont really be that easy considering that buy high sell low would be always the
case but for those people who do able to at least been profitable on this one then they are the ones who do make last on this market.