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Watch market sentiments shift quickly again

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by COINS NEWS 204 Views

And now with Bitcoin over 50k again people will suddenly go from depressed and fearful to carefully optimistic and if Bitcoin sustains its momentum to bullish and years end rally again. On the other hand if Bitcoin doesn't hold up the market sentiment is going to shift to bearish and FUD and depression again. What a few % in value can cause to market sentiment!

If you find yourself in the group of people who quickly shift their sentiment on day to day basis by a few percent swings I urge you to reconsider what your actual beliefs about Crypto are and why you are investing in it. If you believe Crypto is truly the future even the prospect of a bear market shouldn't depress you, in fact it should excite you because you'll be able to accumulate cheaply. If you're only in for as long as we are in the bull phase it probably means you really don't believe Crypto is here to stay and just are looking to increase your Fiat stack.

And you know what that's perfectly fine, but then be honest about it. In that case you should try to react to market swings by securing as many Fiat profits as you can an be happy about that

submitted by /u/Jout92
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