The past few days have been really good for BTC holders and I'm guessing they're over the moon.
Those that accumulated during the retrace are over the moon rn.. But what's next, share your analysis below please no sentiments, just pure bias based on TA.
The picture that you posted shows a tale that is as old as Bitcoin itself. Actually, something similar happens with selling as well. People sell at those low prices, and then some of them go on to bad mouth Bitcoin as they can't admit that they did something stupid. Fragile egos and minds.
And there is no perfect entry to buy, I agree with that - you choose where to go and where to not to go. You can't see the future and do it ideally to maximize the results. But you can make them better.
Trying to time an entry into Bitcoin is a mistake itself, a lot more people have been hurt by this than by other strategies like DCA. If you want to buy, buy some today, buy some every day. It can be as simple as that.
I did not give up and sell my bitcoin but it's not because I believed this market cycle's bull run will continue, but it's because I aim at a longer holding like next two or three cycles. I mean if I am lucky enough, I would sell my bitcoin around ATH and wait for chance to buy back, but if I miss the ATH, I am ready to hold my bitcoin for next cycles. It helped me to hold my bitcoin recent months even to be honest, I was really uncertain about the market.
Very risky to the point that it is not really recommended. Some people succeed yes, but many regret selling at different points that they thought was a high price. Afterwards, the price was never that low again.
Very little hype according to all trends.