⚡️ATH 9w丨In a bull market, the biggest cost is "waiting for a pullback"!

This must be the mindset of 80% of investors right now, very anxious. Why? Because they don't hold a single #Bitcoin and are still waiting for value overflow and rotation.

The market will not give hesitant people opportunities over and over again. If you are anxious and don't know whether to build a position or when to do it, I suggest you finish reading this article first—

1⃣ Waiting too long may cause you to miss the entire bull market

Humans are constantly comparing animals; when it hits 80k, they want to choose 70k, and when it hits 70k, they want to choose 60k. This leads people to always preset a "relatively low price."

During the last bull market, BTC directly started a one-sided rise, and the market trend at that time was somewhat similar to today.

If you are still "waiting for a pullback," you may find that you are continuously missing "relatively low prices." By the time the entire bull market is over, you may never return to that price point, and there will be no opportunity for a "pullback entry."

The next time you see that price point, it will actually be the beginning of a bear market. The market has already started a long decline, and what you are experiencing is not a "short-term pullback," but a serious "sustained decline."

2⃣ In a bull market, there are fewer pullbacks and more increases

In the last bull market, there were indeed 1-2 significant pullbacks. But how significant were these "pullbacks"? They were only about 10%-15%.

Meanwhile, the overall market increase exceeded 100%. If we start from the last bull market's low of 10,000u to the highest point of 69,000u, the increase is 600%.

What is a bull market? A bull market is characterized by rising as the main theme, with highs higher than previous highs and lows higher than previous lows.

In a bull market with a 600% risk of missing out, is it worth it to chase that 10% pullback?

3⃣ The majority of results from "waiting for a pullback" lead to buying at a higher price

During the market surge in July, @CryptoHayes mentioned waiting for a pullback to 52,000. Fortunately, the market provided this entry opportunity, and in September, it pulled back to 50,000.

In financial psychology, there is a phenomenon called "regret theory." In the context of a bull market, not entering a promising asset in time leads to regret, and selling a profitable asset too early also leads to regret.

This psychological change process is quite interesting—

When you preset a "relatively low price," the market is in an upward trend, and you believe that a pullback will definitely yield profits. If the market does enter a very small probability pullback to your "relatively low price," your mindset will also change.

It turns into "it's already dropped this much, maybe it can go lower, I want to wait until 68,000 to buy," or "could this be the start of a decline?"

In the end, you may still get in, but possibly at a price higher than the current one, because you have been completely overwhelmed by the rise, and the anxiety of missing out forces you to make a buying decision.

But often, this is when disaster begins.

4⃣ The same classic mistake is "waiting for a rebound in a bear market"

Let's switch to a bear market mindset—

In the bear markets of the past two years, many people easily thought, "I'll sell when it rebounds to XXu." Most people with this mindset often end up losing everything. Because market fluctuations have their own rules, once a trend is formed, it is unlikely to end easily.

Even if you wait, you will also change your mindset, hoping it rises higher, only to find that the bear market's melody has not changed, and it has turned down again, making it even harder to sell, leading to deeper losses.

The same applies to a bull market; once a trend starts, it usually rises without looking back.

"Waiting for a pullback in a bull market" ultimately means being unwilling to buy at the current price, wanting to buy at a lower price, or at a price from the past.

If you've seen a bottom of 15,000, you'll think everything after that is expensive, and you'll keep lowering your "relatively low price."

So in investing, you must get rid of the mindset of trying to take small advantages, regardless of the stage of the bull or bear market.

5⃣ Should you get in now?

Currently, it seems there will be no looking back, only downward probing—

The current situation is favorable, with the fundamentals of the bull market emerging, and outside funds are eager to participate. To get all funds moving, a significant drop is unlikely. It is impossible to go back and buy Bitcoin at 50k or 60k, but a short-term explosive downward probing route will definitely emerge.

If you are really anxious lately, the way to alleviate that anxiety is to buy a portion of your position, and then buy more each time it dips, gradually building your position below 100k; you won't lose!

If this price point has already exceeded your expectations, then completely give up and don’t look at it; wait for the next bull market!

🚀 Please remember, the real risk in a bull market—missing out risk. It’s MOONvember now!

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