IS CRYPTO STILL WORTH IT????

Think about it this way - everyone knows how you are "supposed" to trade the stock market. Buy low, sell high...right?

Why doesn't anyone do it?

People don't buy low because
- They aren't informed on the company
- Don't know how to trade (Elliott Waves/Fibs/etc.)
- Don't have funds
- Don't see the value right now (i.e. everyone else isn't doing it so it must be wrong)
- The good times have already come and gone
- etc. etc

Why do people buy when it's high?
- Because they are buying into the euphoria stage of the cycle
- Chasing the crowd and following hype
- Don't know how to trade and aren't able to read where they are in the market cycle
- See perceived speculative value, but still don't know of the real market value
- Think the good times are here and don't want to miss out i.e. FOMO (fear of missing out)

Because of these things people end up buying high (last ath near 20k for BTC) and end up selling low (most recent crash) - what we call weak hands.

On paper you would think this is stupid and people wouldn't get suckered into it...but they do.

As Warren Buffett Says - The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

Here are some things to ask yourself
- Are the people giving you advice (your friends) professional traders or investors? If the answer is no, don't take their advice
- Do you know how the stock market / crypto markets work? If the answer is no, don't invest. Go get educated.
- Do you know what Bitcoin is and how it works? If the answer is no, go get educated.
- Do you know what value investing is? If no, go get educated.
- Do you know how technical analysis works? If no, go get educated.
- Are you emotionally attached to the money you are potentially investing? If yes, just stop and do not pass go.
- Are you investing money you are willing to lose and see go to 0?

These kinds of questions should be automatic to you and be answered easily. If they are not, then it would be best to go learn more.

Where do you learn? That's up to you. You'll need to go on a journey to discern the wheat from the chaff.


So back to my original point - if everyone knows that you 'buy low and sell high'...

...why aren't you doing it?

Investing and trading is a profession. If you don't learn the skills you are just gambling.

If you want to gamble, there is nothing wrong with that. Just be prepared to also lose to the house from time to time.


Hope that helps.