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Word of advice: Trying to time this market will do you no favors

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by COINS NEWS 96 Views

One thing I’ve noticed about permabears, in general, and not just in this market, is that they tend to over analyze things, find patterns that aren’t there, try to time the top of a fundamentally unpredictable market, and ultimately end up losing out.

On the other hand, Joe Shmuck who thinks “halving is here, market gonna go up”, buys, and leaves it alone ends up outperforming these over analyzers almost all the time.

It’s funny because a lot of people who do try to time the top often have a lot more money than Joe shmuck but they lose it because of this. I see the same pattern on wallstreetbets where people who start off with hundreds of ks keep trying to time the top when they could have just parked their money in any blue chip stock, left it alone, and came out with millions.

I wonder what the cause of this is. If I had to guess, it’s analytically oriented people who think that the market is like a physics equation that has solutions. News flash: it isn’t.

P.S. I just realized the irony that this is probably also me over analyzing ???? but I think it’s true

submitted by /u/btctrader12
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