Quote from: Sanitough on July 12, 2022, 08:58:54 PM

Quote from: Poker Player on July 01, 2022, 09:57:22 AM

Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.

This is how the strong hands move in the market, they buy at its lowest price and sell at its peak. And right now, the market condition is definitely a perfect time to buy and accumulate a lot of bitcoin to maximize bitcoin portfolio. However, not all realized this. Weak hands get panic instead and develop fears. That is why instead of seizing the opportunities to buy in the market, they resort into panic selling which brought them a lot of losses in the end. That's how they learned their lesson as the crypto market is hardly learned.

This is a natural thing because when I was in school I was always taught to buy at the lowest possible price and sell when the price was high and this is also a simple concept used.
But as you said, sometimes simple concepts like this are very difficult for weak hands to put into practice considering they can't think clearly and only know about selling and selling. Even though there is something that cannot be missed here, namely waiting anda holding.