I hate to say it, but this market is very reminiscent of when I invested in 2018

Flash back to the start of 2018 when I was just a college student who heard about crypto. After trying to learn python and code a blockchain of my own to learn the technology, I was all about crypto. I finally bought into bitcoin at around 8k and dollar cost averaged at 6k. Looking at the parabolic run to 20k, I felt there was no way we’re going down and bitcoin was about to shoot back up and continue it’s run. As the market continued to crab at 6k, I kept buying with the little money I had in college that was meant for food and rent.

After about 3 months of holding, I felt like it was only in due time that we’d be back at ATH. Unfortunately, that was not the case. The sentiment within this sub is very similar to back then, with everyone overwhelmingly bullish, it reminds me of when I used to look at the r/bitcoin daily thread with everyone saying we’d be back to highs soon. Then the crash to 3-4K happened, and I was distraught. I kept holding, even bought a little more, but I was heavily considering selling at this point. Once bitcoin pumped to 8k after a few months, I sold to recoup my original investment. However let this be a lesson on crypto. You’re holding equity in coins, the dollar value will fluctuate heavily over the course of investing, but your equity stays the same.

If I had held the crypto I accumulated then to now, I would have had 0.78 bitcoin that I bought for around 4K, that could have been sold for 50k if I sold at this past parabolic run.

In summary, if you’re investing money you can’t afford to lose, crypto is not for you. Same as if you’re holding shitcoin projects in the long term expecting another hype run—these coins rarely make it to the next cycle. But if you’re investing money that you don’t need for immediate expenses, and have the patience to hold (which trust me, I haven’t gotten until I’ve missed out on two parabolic runs due to me selling before they happened), you’ll do pretty well in this market.

As for where we are in the market now, I wouldn’t be surprised if it was another year of crabbing/dropping to 30k-25k. But I am absolutely certain that the accumulation you do now in solid projects will pay off big in the 3-5 year time frame. But who am I to say anything about price predictions, I don’t know shit about fuck besides that I have about 4 years experience investing in crypto.