We stop investing and understand the psychology of the cryptocurrency market!
If you're new to cryptocurrencies, pay attention!
Bitcoin's next halving is just a few days away, and experts expect the new rally to peak in late 2025, 12 to 18 months after this year's halving.
But here's the truth: many will still mess this up.
Let us analyze the psychological stages:
The first stage - accumulation:
Whales are buying cryptocurrencies and OGs at discounted prices, new projects are emerging, but doubts remain. This was like last year when the price of $BTC was $15,000 and there was blood in the streets.
Phase 2 - Momentum:
Prices rise, correct, and rise again. Excitement builds, HODLers rejoice, FOMO sets in, and altcoins soar.
Stage 3 – Orgasm/Increase:
Greed takes over, prices rise daily, mainstream interest peaks, bizarre market behavior emerges, and scams abound. See Bitcoin's Fear and Greed Index - A reading of 90 indicates trouble ahead. Be smart otherwise you will miss the accident.
Stage 4 - Massive Breakout/Long Red Candles:
Prices fall, panic ensues, negative media spreads, whales and new investors exit, while veterans buy the dip. Beginners are left holding coins for years