Quote from: eaLiTy on Today at 09:09:05 PM

Quote from: Cling18 on Today at 07:01:52 PM

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I thought Bitcoin was a big joke before but that idea just slapped me so hard. From then on, I waited for the price to drop down and started buying it with the hope of gaining a good profit despite my previous mistake.

Anyone who failed to understand the underlying technology always felt that it is a bubble and hence majority missed out in entering the market at an early phase, but you can still consider to enter now and earn a substantial profit. When it comes to rallies BTCitcoin never disappointed anyone, unless they jumped in the market when the price was rallying at an all time high.

As much as the bear market presents a buying opportunity for investors, during the rally is when most individuals hopes to jump in. That's how ironical it is because, most people previously not into cryptocurrency always don't know better. They are only drawn by the price appreciation and as such, often buys at a higher price which is supposed to push them towards a much long term holding but there are not this knowledgeable.
With no idea on market analysis, when the market eventually begins to make moves towards bears and they aren't able to save the values of there coins in time, they end up being disappointed. Not so much for experienced investors though.