Buying low and selling high is the biggest lie in the crypto world
Everyone tells you: buy low and sell high, don’t chase breakouts or panic sell.
But the reality is that the people who truly make money in the crypto world are all the ones who chase breakouts and sell at the right time.
What you think “buy low and sell high” means is: buy when it dips, sell when it rises. But in fact, when it dips it keeps dipping; when you think you’ve bottomed, you end up buying in halfway down the mountain.
When it rises, it keeps rising. You think you’ve escaped the top, but you only make a fraction of the profit.
Why? Because the crypto market is driven by narratives. Prices rise because there’s a narrative; the stronger the narrative, the more the price rises; and the more the price rises, the stronger the narrative becomes—this is a positive feedback loop.
When you buy as soon as the narrative starts taking off, even if you chase and buy higher, there’s still more upside ahead.
When you buy low before the narrative has even begun, maybe that narrative will never come to pass.
The people who truly make money aren’t the ones who buy at the bottom—they’re the ones who get on board when the trend has already formed.#crypto
Everyone tells you: buy low and sell high, don’t chase breakouts or panic sell.
But the reality is that the people who truly make money in the crypto world are all the ones who chase breakouts and sell at the right time.
What you think “buy low and sell high” means is: buy when it dips, sell when it rises. But in fact, when it dips it keeps dipping; when you think you’ve bottomed, you end up buying in halfway down the mountain.
When it rises, it keeps rising. You think you’ve escaped the top, but you only make a fraction of the profit.
Why? Because the crypto market is driven by narratives. Prices rise because there’s a narrative; the stronger the narrative, the more the price rises; and the more the price rises, the stronger the narrative becomes—this is a positive feedback loop.
When you buy as soon as the narrative starts taking off, even if you chase and buy higher, there’s still more upside ahead.
When you buy low before the narrative has even begun, maybe that narrative will never come to pass.
The people who truly make money aren’t the ones who buy at the bottom—they’re the ones who get on board when the trend has already formed.#crypto
