With the recent surge to $90k and counting, it’s clear the bull is back, and social media is starting to buzz with bull market hype, shills, and FUD. For those of us who have seen a cycle through in the past, this is nothing new. We all know it’s only going to get more intense as crypto gets on the news, Grandpa asks about Bitcoin at Thanksgiving, and millions of newbie investors flood the space looking to FOMO their life savings into whatever the latest meme coin is.
The crypto space will soon be completely euphoric. It will seem like no matter what you buy, you can’t lose. People will make stupid amounts of money by placing risky bets on alts and meme coins. You might feel jealous and be tempted to sell your BTC to buy dog farts. I won’t tell you what to do with your money, but I will tell you that while dog farts can indeed produce epic profits, typically those bets are placed too late in the game.
Here’s a cautionary reminder to avoid the hype. It may seem tempting to make a big move; buying, or selling. Don’t fall for FOMO. If you can handle the risk of buying halfway into a bull run, there’s nothing wrong with continuing your DCA. And if you don’t want to risk going further, there’s nothing wrong with starting to take profits. But for the majority of us, assuming you invested your lot sometime in the last year and a half… Hold on!
submitted by /u/throwaway92715
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