This post is a contrarian view. I have been invested in crypto since early 2017. I got in right before the big push to 19k. Currently I am seeing the same euphoric feeling in the community/news that occurred as btc hit 19k and then 17k in 2017. One thing I've learned is that markets tend to do the opposite of what everyone expects. It happened countless times with BTC. No one expected BTC to break below 6k. No one expected 3k to be bottom. No one expects 14k and now 12k to be the top.To be clear I would love for BTC to continue its rise up and believe in its use case. That being said, BTC has taught me to always be wary to what everyone is thinking will happen. Specifically, if everyone is thinking one way, chances are the market will move the other way. Does that mean I am suggesting this is the top? No. However, I am suggesting to consider it. Also to consider at the very least to take profits. You can never lose taking profits.The point of this post is simply to share what has helped me make the most in terms of psychology and obviously from profit perspective.
Submitted August 11, 2019 at 04:42AM
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