Most people in crypto now have a clear understanding of the crypto season and how it affects the price of the coin whether it goes up or down. We all want the bull run but the bear will have to come to create a healthy environment for the crypto market because if the price of a coin keeps increasing most people will prefer to only hold and sell unless an emergency happens but apart from that people will rather hold but with the unstable price, there will be constant buyer and sellers.
The price makes people question the project and the team behind what they invested in because when the price is going down people will question the project and sell and when it goes up again they buy and all of a sudden the project is good. when the price of the coin is constantly going down suddenly crypto is a bad investment. During this time, is when some set of people invested more and sell later for a high price for those that want to invest during the bubble
The bubble
Imagine buying Btc at 69k because you don't want to want miss out and you thought it will keep increasing in price but immediately you buy it the price keeps going down and dropping 70% and you sell it and when the price keeps increasing again you buy but in bear you sell and you keep repeating the same cycle until you conclude that crypto is not for you. Just like in real life when you only see people around you when you are doing well but the thing about crypto is it will disappoint you.
At this point, you will always be another person's exit point and will keep repeating itself, and even if you want to invest long term but your entry point is bad it will be difficult to do that because your entry point was bad.
Longterm
The truth is each time we get our entry right we use to feel like an expert and sometimes change our mindset towards a coin. Maybe we are buying for an instant reward and can cash out just to make a few bucks but the coin makes 1000% profit after we purchase it we change our mind for the long term after we take out some profit. Most times following the price movement crypto don't always right that is why we must find a project we trust and invest in it.
Success in crypto comes When you invest in what you believe in and any projects you trust, we already have a lot of crypto projects out there You must do your research and plan long-term with the project you choose. Following the bubble alone will not always bring forth good fruit we must learn the proper way to invest in crypto which is playing the long-term game.
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I think it basically boils down to investing long term in projects one have researched, cryptos will always be volatile but its better sticking to those capable of rising after a crash.
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Investing long term is the best way to play crypto game
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I agree. Making a plan and doing the research are things people need to do. It's not enough to just throw in money and then get riled up by emotions to lose money.
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If we have the clear picture of what we invest in and how it works we stop been too worry and focus on the future of the coin which is long term
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