You should know that the price fluctuations of altcoins can be dozens of times, why was the average cost for institutions during the bull market in 2021 at 40,000? The average price of Ethereum was 1,500.
Buying Ethereum at 2,000 is no different from buying it at 1,800; both had the chance to catch the main upward wave early. Institutions couldn't buy at the lowest point, and institutional KOLs couldn't escape from the liquidation on 10.11, with tens of millions of dollars, hundreds of millions of dollars in liquidation. However, one thing you can be sure of is that institutions entered and exited the market ahead of you.
So what you really need to study is not the true bottom or the true top.
Because no one can achieve that; what you're struggling with is not this, but rather getting the direction right, knowing what not to do, which is something that most people in the market can't do.
However, most people fail not because they didn’t buy at the bottom, but because at the bottom they think about going lower, and at the top they think about going higher.
The most greedy moments occur at the top, and the most fearful moments occur at the bottom. As long as you turn greed and fear around for most people, the market is unlikely to affect you significantly.
Three years ago, Bitcoin was above 100,000 at 31,000; at that time, 31,000 fell below 25,000, with a low of 24,000. The market was much more fearful than it is now; last June, Ethereum was at 2,200.
Next month it was 3,800, short-term 5,000, medium-term 12,000. Looking back, those who bought Bitcoin at 30,000 and 40,000 have both succeeded today, there’s no difference; the same goes for Ethereum. Because the fluctuations of Bitcoin are normally 10-15 points a week, and the fluctuations of Ethereum are also normally 20 points a week.
Fluctuations of altcoins at 30-50 points are also normal; it can't be said to be profit or loss. The real loss comes when leverage is cleared to zero at the table. The price fluctuations of altcoins are dozens of times, the price fluctuations of Ethereum are also ten times, and the price fluctuations of Bitcoin can also be 5.6 times.
So if the timing is right, everything is right; being meticulous and doing some unpredictable things will lead to an incorrect outcome no matter what. @顶级交易员昭财
Buying Ethereum at 2,000 is no different from buying it at 1,800; both had the chance to catch the main upward wave early. Institutions couldn't buy at the lowest point, and institutional KOLs couldn't escape from the liquidation on 10.11, with tens of millions of dollars, hundreds of millions of dollars in liquidation. However, one thing you can be sure of is that institutions entered and exited the market ahead of you.
So what you really need to study is not the true bottom or the true top.
Because no one can achieve that; what you're struggling with is not this, but rather getting the direction right, knowing what not to do, which is something that most people in the market can't do.
However, most people fail not because they didn’t buy at the bottom, but because at the bottom they think about going lower, and at the top they think about going higher.
The most greedy moments occur at the top, and the most fearful moments occur at the bottom. As long as you turn greed and fear around for most people, the market is unlikely to affect you significantly.
Three years ago, Bitcoin was above 100,000 at 31,000; at that time, 31,000 fell below 25,000, with a low of 24,000. The market was much more fearful than it is now; last June, Ethereum was at 2,200.
Next month it was 3,800, short-term 5,000, medium-term 12,000. Looking back, those who bought Bitcoin at 30,000 and 40,000 have both succeeded today, there’s no difference; the same goes for Ethereum. Because the fluctuations of Bitcoin are normally 10-15 points a week, and the fluctuations of Ethereum are also normally 20 points a week.
Fluctuations of altcoins at 30-50 points are also normal; it can't be said to be profit or loss. The real loss comes when leverage is cleared to zero at the table. The price fluctuations of altcoins are dozens of times, the price fluctuations of Ethereum are also ten times, and the price fluctuations of Bitcoin can also be 5.6 times.
So if the timing is right, everything is right; being meticulous and doing some unpredictable things will lead to an incorrect outcome no matter what. @顶级交易员昭财
