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There's a lot of people trying to time the bottom - 99% of you aren't going to. Here's what will happen instead.

All Cryptocurrencies

by COINS NEWS 161 Views

I've seen a ton of sentiment around here that we're not anywhere close to the bottom yet. That maximum damage is still yet to come. Nobody on this sub or anywhere else for that matter actually knows where the price will go. If it's so obvious that bitcoin is going below 10k, why aren't you shorting it right now? Why haven't you sold everything you have? Why aren't the people who are far more knowledgeable, experienced and invested than you dumping since it's so obvious that BTC is going to 10k? Seems like an easy way to profit, since it's so certain, right?

It's not. We could have already hit bottom. Truth is, nobody knows. Even if we aren't at the bottom yet, here's the fate of 99% of investors on this sub:

> BTC drops further. "This isn't maximum damage yet."

> BTC drops further. You don't buy because you're too afraid that if you do, it will dip more. You're afraid that it's not the bottom yet.

> BTC drops to staggering lows, everyone is panicking, articles doomsaying the end of crypto are published, the suicide hotline is pinned. Looks damn close to the bottom.

> You don't buy, because now you're afraid this is the end of crypto as we know it. The rug has been pulled, everything is going to zero.

> Crypto rallies and begins surging in price. It multiples in value several times before you can react. "It's just a dead cat bounce" you think, or some other stupid shit like that. So you continue to be afraid, and you don't buy.

> Crypto is up 5-10x from the bottom and you FOMO in on the way up.

> Institutions dump on you again.

submitted by /u/Trompdoy
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