One of the biggest reasons why I joined the LeoFinance community is to beef up my financial knowledge, particularly on the crypto space.
After all these postings and learning, I must say my personal clarity of this market has benefited. At the very least, I am moving past the stage of getting worried about 1 cent drops or 10 cents drops in the Hive price. I know how to focus on the utility of the blockchain I have my stakes on.
My view is that the next bull run substantially depends on the influx of new buyers who are chasing the green candles. That is, those who are excited about BTC going beyond ATH and think it will go on and on. This is how more people will get sucked in, and the whole crypto market will be green.
Of course, until it is not, when there is a blow off top.
This is so similar to the previous bull runs. As a noob, I have chased green candles when the market frenzy was full bloom. And I have lost money.
The money is lost to the better educated in crypto and financial education.
Rightfully so.
They are the ones who stayed on during the bear market and put in the investments then. They took the risks of buying when in a bear market. The risk of losing even more is greater in the bear market. That we have to agree. So they deserve to take the profit when the price shot up.
What is the mindset of the poorly educated investors in the crypto space?
Basically, the inability to see the pattern unfolding would be the limiting mindset of such investors. They don't have a clue about what scenarios might play out. For example, given the situation now, and BTC halving is a few months away, what could play out and why. These people don't have a clue and does not think about at the very least. That is how poorly educated investors in the crypto space is like.
When the bull market comes, they will be reacting to the frenzy of the green candles and they will lose money if they don't have an exit plan.
Conversely, those who are getting themselves educated, say through LeoFinance, and from reading posts by others who are more experienced, would slowly get educated through the process. They will know what to do before, during and after the bull run.
Now the million dollar question is, do we have enough noobs in crypto education to fuel the next bull run?
The last bull run was fuelled by the boredom of the pandemic, largely speaking. The whole world with its limited mobility was paying attention to the YouTubers and KOLs to feel the excitement of the bull market.
The situation of the next bull run would likely be different, with no pandemic, hopefully. And if people are better educated, then most people will know how to restrain themselves from chasing the green candles and take profits cleverly. In a way, there would be market efficiency and harder to make a killing.
It goes back to us as individuals to be better educated in finances and to make well-calculated decisions. Decisions to buy low sell high, and to prepare for future cycles.
Like a successful farmer who knows how to maximise yields, reading the market, weather, and etc.
P/S: This is not financial advise, and you should do your own research before investing.
