I saw what persistent hopium in a Bitcoin bear market did to investors in 2022. They were force-fed false hope, masked by the confidence of people with large followings. Eventually, those bull posts paid off... but investors had to endure severe pain first. And that pain lasted for 11 months. Ask yourself, can you endure that pain? If the answer is yes, then that's great... just keep buying, don't check daily price action, and maintain a long-term vision. If the answer is no, then you need a nuanced and explicit methodology for when to buy and how much to buy, and how to prepare mentally to give yourself a better chance at success. I'm just telling you how it is. I won't bad mouth bulls, though they keep calling me an idiot and criticizing me in the comments on my posts for stating objective facts. Disagreement makes a market. But being a jerk shows who you are. You must have a plan. You must know yourself. You must acknowledge basic facts. You must have a rules-based system. You must be willing to embrace nuance. Good luck.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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