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Common Mistakes and Why Most People Lose Money in Crypto is Lack of Knowledge, one of the most common mistakes beginner investors make is investing in cryptocurrencies without first studying the market.
Why is the market declining?
Many might say it’s due to anticipation of an interest rate hike, but here’s my perspective.
Market fluctuations are common in crypto; the path to the top during a bull run or to the bottom during a bear market is never smooth.
Don’t be misled by claims that people have lost faith in crypto or that market manipulation is causing liquidations.
These ups and downs are a natural part of the crypto market cycle.
Always manage your risk, as volatility is inherent to crypto.
Please remember to follow me 🙏
#Bitcoin is down just 12% from its all-time high.
Yet, people are acting like we're in the middle of a bear market.
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twitter.com/base/status/1804190952233287738?t=XDIPfzNYrpXhmcgMuDWfPw&s=19
YOU WILL LOSE ALL YOUR INVESTMENT!
Unless You Understand The Psychology of
the Crypto Market
Experts predict a new bull run peaking in late 2025- That is 12-18 months from the Halving happened in April 2024.
Let's break down the psychological phases:
📌PHASE 1 - Accumulation
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates,
new projects emerge, but skepticism lingers.
To be clear, this was more like last year when $BTC was down to $15,000 and there was
blood on the streets.
📌PHASE 2 - Momentum
Here, as we are currently witnessing, prices
climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.
📌PHASE 3- Euphoria/Excess
Greed takes over, prices soar daily,
mainstream attention, bizarre market behavior, scams alert! For the Noobs, whenever the Bitcoin Fear and Greed Index makes
a reading of 90, begin to manage your crypto position. Be SMART or you wont see the crash coming.
📌PHASE 4 - Massive Crash/Long Reeeeed candles
Here, you will witness a massive downtrend.
Prices crash, panic selling, media negativity, Whales and new investors exit,veterans buy
the dip. Noobies are left holding the for another two-three years --