The paradox of buying when the coin drops, and selling when the coin rises
Those who participate in crypto have surely experienced this feeling: Whenever you buy a coin, it drops; whenever you sell a coin, it rises. Holding long-term feels sluggish, while others' coins soar rapidly. Even when your coin rises, it does so slowly, never the fastest.
Worse, when you FOMO in, the price reverses, and when you panic and cut losses, the market rebounds. Just when the price is right for DCA, you're out of cash,...
Feels like the whole universe is against you, right?
Those who frequently participate in running events probably understand this feeling. Whenever you run halfway, you often feel like you’re falling behind - the front is full of people passing you, and the back is empty.
But when you reach the finish line and look at the results, you realize: you even belong to the top 50% of those who finish early, not too bad!
The simple reason: On the running path, you only SEE the people passing you, while not noticing those you have left behind.
Crypto is just the same. Opening X, you only see people flexing huge profits, making millions, flaunting Lambos, taking pictures on yachts,... You only see the coins rising the fastest, not the thousands of coins that are dying slowly. You compare yourself to the best, the top, and then feel inferior.
This mindset of "looking at this mountain while longing for that mountain" has killed countless investors. Acting on FOMO emotions, jumping back and forth, lacking a clear strategy, and thus falling into the market's trap.
Have you ever been in a situation like this? Let's share insights below! #coin