Part 3/14:
The point is made vividly: "We may never see $62,000, $51,000, or $42,000 again." Therefore, those buying at current levels should recognize the uncertainties and not rely solely on past history, as the market's trajectory can be explosive or retrace sharply.
The Power of Psychology and Market Overshoot
The host stresses the importance of market psychology—highlighting how greed fuels price surges and fears trigger sharp corrections. A "blowoff top" may form, mirroring previous cycles, but it often leads to intense retracements afterward. Embracing volatility is portrayed as essential, as it's the foundation of making exponential gains in crypto.