Back in 2017 I was one of the few that bought Bitcoin at $18,000. It was right near the peak and although I saw it rally from $3,000 to $20,000 in less than three months(6x), I haven't had the confidence to enter a position way lower than $18,000. I was a noob, a totally uneducated pleb and got rekt.
I deserved it.
I have bought only a small portion of it and sold it for alts pretty soon after, but I have regretted my 2017 strategy for the following years into the bear market. I was too late to the party and that's it. Regrets have no price tags and the only take away from such situations is to lick your wounds and move forward.
I have quite a few friends around here, aside from the ones already involved in crypto, that I've talked to about Bitcoin over the years and none has bought one sat after all my preaching. They have the funds to do so, but they don't seem to be searching for easy money, but rather in a constant search for working tools.
Hard to acquire an investor mindset, I kind of get it, because it took me almost half a year until I put my first dollars into crypto. It's a new concept in the society and it's heavy to grasp. We're still drowned in the working mentality and this digital world that has opened in front of us has more of a video game flavor rather than the future of money.
All the ones that I have recommended Bitcoin to and crypto and general, will come back asking about it. I'm 100% sure that once BTC will smash $100,000 per coin I'm gonna have some folks calling me and asking me about this thing I once told them about. No wonder experts call this type of people as dumb money, because they're always betting against the trend and always swimming against the current.
On the grand scheme of things it will probably never be too late to buy crypto and get involved in this space, but the sooner the better. Most of the ones that hear from a friend or two about such type of assets, although some are being lucky to have the option of getting early in the market, don't actually do that.
They always come right before everything starts popping and the market enters the regrets era. A time when some of us will be a bit frustrated of not pouring more into their positions when the market was young, others probably a bit disappointed of selling too soon and not making the most out of their trades and the last category will be made of the real rekt ones.
A few days ago HIVE hit a new ATH at around $1 and it felt down to $0.5 in a steep correction. Typically HIVE, one could say... When scrolling through posts on my feed I already got the sense of regret out of many of them. It was like the bull market was over and some were regretting that they haven't sold the top, or that they didn't had time to power down and dump.
Well, that wasn't the top, the bull market is not over and my personal opinion is that we have around six months left until we peak. The last couple of months being the most wild ones when the most profits are to be made, so if you're looking at your portfolio right now and don't feel like it's close to Lambo phase, just have patience.
That time will come... It's not yet time for regrets, but one should be aware that when we enter Lambo phase and mass euphoria will settle down to earth just like a thick fog you know it's time to sell, or set some stop losses. Such phases are like orgasms, they make you feel like they'll last forever, but before you know it you're back on earth and you should know that bears don't live in space. They're right in the wood the whole market is going to come down to.
Shorting the top wouldn't be a bad idea either and you could make some money on the way down as well, and bear markets are not the end of the world. I know that from my own experience. That's probably when most of the development is taking place. Regrets have no price tags. I read this quote of Pompliano on twitter today and I love it, that's how I got my inspiration for this post. Have a great day/evening and see you to the next one.
Thanks for attention,
Adrian
