💡 Currently, it's unknown whether this is the exact bottom of $BTC or not. And assuming the bottom for BTC in this cycle will be around 50k USD, the issue is how many people can precisely catch that exact bottom. The best thing everyone should do is to have a good buying zone—a solid accumulation zone.
🤔 Looking back at the downtrend cycle from 2022 to early 2023, everyone at the time was hoping for BTC to bottom even deeper, like around the 13k USD area. But I know that now a great many people wish they had bought BTC around the 20k USD zone. Because even now, despite the market being in the next downtrend cycle, your assets have still 3x'd. The same thing happened during the downtrend from 2018 to 2020: many people thought BTC would go down to 1,000 USD, only to later wish they had bought BTC under 10k USD.
Even me, I awaited $ETH dropped down to below 500 $, but that case would not happen.
👍 Usually, the right way to manage your psychology is not to hope for lower prices, but to think about what price levels BTC could reach in the next cycle, and how many times your assets could multiply if you achieve a good average entry price at this time. Are you ready to continuously DCA into BTC on a weekly or monthly basis over the next 6–9 months? And if the BTC price still moves sideways after that, what will you do next?
👍 Create a full scenario that accounts for both the risks and the opportunities, so you can be well-prepared for a strong bull market in the coming years.
🤔 Looking back at the downtrend cycle from 2022 to early 2023, everyone at the time was hoping for BTC to bottom even deeper, like around the 13k USD area. But I know that now a great many people wish they had bought BTC around the 20k USD zone. Because even now, despite the market being in the next downtrend cycle, your assets have still 3x'd. The same thing happened during the downtrend from 2018 to 2020: many people thought BTC would go down to 1,000 USD, only to later wish they had bought BTC under 10k USD.
Even me, I awaited $ETH dropped down to below 500 $, but that case would not happen.
👍 Usually, the right way to manage your psychology is not to hope for lower prices, but to think about what price levels BTC could reach in the next cycle, and how many times your assets could multiply if you achieve a good average entry price at this time. Are you ready to continuously DCA into BTC on a weekly or monthly basis over the next 6–9 months? And if the BTC price still moves sideways after that, what will you do next?
👍 Create a full scenario that accounts for both the risks and the opportunities, so you can be well-prepared for a strong bull market in the coming years.