Are You Too Excited To See the BTC Price?

You expected that BTC price would fall. BTC price moves in a certain range. When you see the BTC price goes down, but suddenly the price changes its direction and goes up, you are excited to see that.

BTC hit 21K, maybe the price goes up from this point, or maybe not. We would love to catch the bottom, but it is way difficult. There is a high chance you will miss it or somehow you grab the bottom, that is cool.

When the BTC price rises, it goes up along with altcoins. Probably, you get bored to see red color. As soon as you see the green, you think things will change, and hope the price will keep rising.

There is nothing wrong to be excited seeing the price movement. But when you make some crazy decisions out of excitement and emotions, it might not end up pretty well. For example, you think that's the bottom, so you invest the entire capital that you have.

What if the price starts going down again? Your fund will be locked there. Later, you have nothing to put into the market. You might regret it. Having funds to invest in the market is very important. Then you can move with the market. Otherwise, you can be just an audience in the gallery. You cannot participate in anything.

The thing is, we are in a bear market and it will not change suddenly. The trend of the market has not changed yet. The economic condition is not good, and people are afraid of what is going to happen next year.

In this situation, only a little spike in the price will not change the whole situation. In case something happens and things change, you can also see the reflection on the chart. Putting everything in the market and being locked there is not a good idea.

Of course, you can do DCA. But when you invest everything in the crypto market at once, is that DCA? You are supposed to make a plan before investing. You cannot invest your money randomly and later give it a level. You know this is not what you mean to do.

Sometimes the best thing you can do is to put your emotions out of the equation at the time of making financial decisions. So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

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