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Gustav: Please stop asking me if the bull run has started. Despite so many supposed experts, nobody knows.
This is part of what makes actively trading in the market so stressful and bad for you, psychologically. There is a natural belief that increased effort will give you results. In many areas, this holds true.
But it does not necessarily work this way in financial markets. In every trade, there is a buyer and a seller. One who is right, and one who is wrong about the direction of the future. In the short term, and especially in an asset as volatile as Bitcoin, it is folly to think you can always guess what side to be on. Losses are always felt more acutely, it is a psychological fact. And if you are not careful, you can suffer catastrophic losses in this market. Furthermore, you will rob yourself of much joy, because in hindsight, you will always find missed opportunities. And you will always be pressed upon with doubt even if you are winning more trades than you are losing: It is going down, will it go further? It is going up, how much longer will this last? Your life will fill itself with "could have" and "should have."
If you believe in the long-term prospects of a mathematically provably scarce asset, in an environment where everyone is drowning in debt and running the money printer, save yourself the mental anguish of trying to time things perfectly.
I am not a financial advisor, and this is not financial advice. I dollar cost average, invest only what I can afford to lose, and spend my time and efforts doing the things that make me happy and healthy.
That is a much more valuable piece of information than whether or not I believe this is the start of the next bull run.
#bitcoin #keepstacking #bullrun #bitcoinhalving #bitcoinetf #getoffofzero
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