🔵 I was recalling my last conversation with a friend who is just getting into crypto. The topic came up — that everyone who got in since 2017 should have become wealthy, since $BTC was then worth $1,000-$2,000, $ETH around $200. And I told him: it's not that simple.
🔵 Why? Average Joe usually throws money in at the peak of hype — when the media is buzzing, and prices are at their highest. So Joe buys Bitcoin at $15,000, thinking — 'Great, it's cheap!' But then he panics — first down to $10,000, then $6,000, panic sets in, he sells at a loss, believing it will drop to $1,000. It didn't happen.
🔵 Then the price jumped back up to $20,000, Joe waits for a 'bear market', but it doesn't come. It's already $30,000-$40,000, and he buys back — 'Now I'll grab the top.' The price reaches a record $69,000, everyone dreams of $100,000, but then bam — the LUNA crash, FTX, global fear, macroeconomics are on fire.
🔵 Joe is panicking again, selling at $20,000-$30,000 and thinking, 'Well, that's it, it's all lost.' Meanwhile, Bitcoin is starting a new rise from a local bottom around $15,000.
🔵 And here's the paradox — there are hundreds of such Joes, maybe almost all your acquaintances. It seems like 'early entry', but there are no results. The same story goes for altcoins — only faster, in months, not years.
🔵 Yes, 'just buy and hold' sounds simple, but psychology plays a cruel trick — fear, greed. Look at Jeremy Davinci — he shouted 'buy at $1', but couldn't hold on himself, didn't play big. And now he's chasing his reputation, even though he didn't make any money.
Timing and the ability to play the cycle — that's what you need. The entry date doesn't matter — what matters is your character, patience, and ability to take a hit. That's why I told my friend: 'Think twice before jumping in.'
🔥 Share this post with your acquaintances, there's a lot to think about.
