Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
People see an entry point when the market is all bullish and price is high than, when the market is bearish and the price is low.
Being scared of losing money to a bearish trend makes them wait on the sideline and forget a little patience in holding is all it takes to make the most.
Funny enough, these are the same people that feel bitcoin has gone too high in price for a common man to invest #Sentiments.
In the end, all you could have said is, fvck it! Buy and hold!!!
Well.. the lump sum buying and just waiting can work, but it tends to make people nervous..
that is why lump sum might be better if it is supplemented with DCA and maybe even buying on dip.. a problem with buying on dip is that people will sometimes get frustrated that it keeps dipping, so therefore just DCA might be a better supplement and or just an ongoing practice that is even better than a lump sum.. that might be too much all at once.. DCA tends to be amongst the best.. whether $100 per week, $10 per week or some other reasonable (and hopefully sufficiently aggressive amount - depending on personal circumstances).
SAD How many people suffered and are suffering because of the most primitive/weak and manageable feeling called Greed and Ego....
Some of the things we learnt in school were opposite of what we faced in reality.
All the calculus and integration were solved could not help us to solve our daily problems.
Those who are graduating from school are meant to face the reality of the labour market 😂
Well sometimes we also will not know what we do not know, and if I say that it is good to learn critical thinking skills, then some people still might think that they got "critical thinking" skills figured out, but they are still not very capable to figure out good sources of information from bad sources. It can take a decently long time to actually learn decent critical thinking skills.. and over the years, I am so surprised about so many things that I just took for granted in my earlier times and even realizing that some times our framework in which we see the world can really limit us.. and we do not really become immuned from it, even if we are older and we have seen a lot of tricks played on us.. we can still get tricked.. and sometimes it is o.k... nothing wrong with some innocent misconceptions about santa clause or the eater bunny.. but sometimes we might not realize that certain societal structural set ups are optional, and they are not necessarily bad, even they might be due for changing or tweaking. Perhaps?