In the previous bull market, I remember starting to buy BTC at 30k, buying all the way down, lower and lower. I finished buying at 17k.
After I finished buying, it kept falling 📉, bottoming out at 15k. At the time, the whole market was saying it would drop below 10k, and I felt pretty awful. But I held on for less than a month, and it shot straight up to 25k. I was overjoyed, thinking the bull market had finally begun.
But just a few days later, it fell back to 19k, and I was starting to lose my nerve.
Then I held on again. It rose to 30k, and I thought I’d made it through. A few days later, it dropped back to 25k.
I kept enduring this back and forth for several months. After more than ten months of shakeouts, the light finally came.
Before that was the time of “312.” I bought in at just over 9,000 and was happy when it rose to 12,000. But just a few days later, it plunged from over 12,000 straight down to 3,800. My conviction was shattered again and again.
This cycle is the same. I bought the dip at 60k, sold some when it rose to 78k, bought back in at 75k, and now it’s been knocked down to 73k again.
As a long-term investor, it’s really hard.
But Livermore once said: If you want to make big money, you have to be able to sit tight.
This approach made me a lot of money in the previous two bull markets. I believe it’ll be the same in this one.
If you want me to get off this ride, you’ll have to make it go to zero.
$BTC
After I finished buying, it kept falling 📉, bottoming out at 15k. At the time, the whole market was saying it would drop below 10k, and I felt pretty awful. But I held on for less than a month, and it shot straight up to 25k. I was overjoyed, thinking the bull market had finally begun.
But just a few days later, it fell back to 19k, and I was starting to lose my nerve.
Then I held on again. It rose to 30k, and I thought I’d made it through. A few days later, it dropped back to 25k.
I kept enduring this back and forth for several months. After more than ten months of shakeouts, the light finally came.
Before that was the time of “312.” I bought in at just over 9,000 and was happy when it rose to 12,000. But just a few days later, it plunged from over 12,000 straight down to 3,800. My conviction was shattered again and again.
This cycle is the same. I bought the dip at 60k, sold some when it rose to 78k, bought back in at 75k, and now it’s been knocked down to 73k again.
As a long-term investor, it’s really hard.
But Livermore once said: If you want to make big money, you have to be able to sit tight.
This approach made me a lot of money in the previous two bull markets. I believe it’ll be the same in this one.
If you want me to get off this ride, you’ll have to make it go to zero.
$BTC
