Funny Bitcoin Traders Psychology: FOMOing at $60 and above, Run away and Don't buy at $19k and below.
Now that the crypto market is down because Bitcoin is down and it dragged the crypto market down with it, right now so many people are very emotional and scared of Bitcoin and the crypto market as they allow other people's speculation and prediction about Bitcoin and crypto being dead as usual just to create FUD in the crypto market. These FUD new and updates have made many people to be scared of looking at the market chart, am not even talking about investing in the market right now when the price is cheap as f*ck, just for them to look at the chart is a big problem because they believe Bitcoin is going keep on dipping and maybe fall to zero so that FUD updated they let get to them has put in a massive amount of the fear of losing, which is making them miss out on so many buy opportunities right now, been presented to us all on a platter of gold.
Fear And Funny Human Psychology When It Comes To Crypto Investments
So many people are so scared to lose that they eventually miss out on the bigger picture or profits because of fear, so many people are running away from the crypto market now selling off their coins at huge losses because they believe the noise in the market that Bitcoin is going to zero due to the fact that the price of Bitcoin is dipping, instead of taking advantage of the low prices we are seeing, they are run away with the speed of light and the smart crypto traders are accumulating as much as they can, excepting to make maximum profits later in the bull run, which is inevitable by the way, the current crypto market conditions won't be here forever or last forever, it will be over someday that's how the crypto make works, there is always a bear market cycle and a bull market cycle, and they both need each other because that is the nature of the crypto market, it doesn't pump up straight or go down straight, it moves In a zig zag pattern, it pumps then dips then pump and vice versa, there is no straight movement in crypto.
But the sad truth is those that are running from the crypto market now, will run back to crypto and buy back in at a higher price than what we have now, just so they don't miss out on the profit from the market pumping in the bull run, but when they will be FOMOing in at the top, those that bought now would already be in huge profit and will be exiting the market at that time with their profit.
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Exactly like that! 😂🤷🏼♂️
Yeah, and it's sad that happens every time.
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I think the group on the left ran out of cash buying the dip that continues to dip and dip 🤔🤣
🤣🤣🤣🤣 or ran scared out of the market because of the fear that Bitcoin going to zero.
This is a very funny illustration but the bitter truth let take advantage of the market to buy the dip and smile later in the future @onwugbenuvictor
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Yeah, crypto is supposed to be kind of simple buy low and sell high.
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