Learning Better Investment Habits. Bitcoin Tech Talk #237
During a bull market, new buyers look for dips to stack, but then when the dip inevitably comes, many shy away and don’t stack. We’re in the middle of one right now and it’s clear that many people just don’t know when to buy. They think that it may head lower and would feel stupid buying now should it do so.
The sad reality of newcoiners is that many simply don’t have a very long-term view. They are very sensitive to 5-10% moves in the short term and not very sensitive to the 200-1000% moves in the long term. This is a mentality that’s been brought over from fiat, where the few percentage moves make a long-term difference.