I see more and more posts about how this bull run is completely different compared to the previous ones. I heard „this time its different“ in 2013 and 2017. people where so euphoric seeing bitcoin go up and up that they thought they are the next warren buffet cause the price will go up and never go down. Then the drop happens and you can see posts saying bitcoin is their worst investment ever, how they lost all their money and crypto going to zero. This is when we enter the bear cycle. And this bull run is no different. We will hit a peak 100k? 150k? 200k? No one knows but it won’t go up forever we WILL have another bear cycle and then the next bull cycle after the halving 2024.
Now I’m hearing a lot „but what about the institutional investors. They will change everything!!!“. Yes it’s big that let’s say grayscale buys huge amounts of bitcoin but institutional investors are holding longterm! They know the price will be in the millions in 10 years, they don’t care when the Price Hits 150k and then drops back to 40k, they will just buy more.
Don’t underestimate retail investors. Institutional investors are building the base, the retail investors will push it to the peak because every grandmother will invest when the price hits 60, 80, 100k but they are also the biggest weakhands who will sell when the price starts dropping.
The safest approach is to buy and just hodl. Come back in 10 years and be a happy man/girl. But it’s also not wrong to follow the cycles and selling on the way up when the price triples in one day at the peak and then buy more coins, when it’s going down.
Just don’t buy and expect to be a millionaire in a month. This will crush your dreams
Rinse and repeat.
submitted by /u/DannyWhoElse
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