Harvest

After a few years in the cryptocurrency world, I have come to understand two truths: First, never get angry with the market; second, buying at the bottom is a technical job, not a matter of luck. Every time there is a big drop, there are always people in the group shouting "buy at the bottom, all in!" What is the result? Buying at the halfway point, before the bottom is in sight, the account turns green first. Today I will talk to you about my experience in buying at the bottom, so that you can take fewer detours and pay less tuition.
1. The first lesson of bottom-fishing: Don’t rush to “take a gamble”
Do you remember the tragic situation when BTC fell to 16,000 at the end of 2022? I was full of confidence at the time, thinking that "this low must be the bottom", and I directly bet half of my wealth. What was the result? It fell another 10% the next day, and I was stunned. Since then, I have learned the first iron rule: don't rush to buy the bottom, and build positions in batches is the kingly way. When market sentiment is low, the bottom is often not smashed in one day, but repeatedly shaken out. My current habit is to divide the funds into 3-5 parts, and lose 20% when it falls to the psychological price, and then add more when it falls again. I will never bet all in and gamble on luck. You ask me why? Because "I can't catch the knife when it falls, and my hands hurt"!