Up and Down are relative terms of course, as they need a reference point of some kind for them to make sense to us.
So true.
I have seen this behavior many times in people I know online, my friends and my family members who trade and invest in crypto and stocks.
They would calculate the recent lows and highs and think how much they could have made if they bought at exact low and sold at exact high.
This makes my head spin.
Even if someone is able to buy at almost the exact low, they won't be able to sell at exact high.
And if someone sells at exact high, they won't be able to get back in the low, if they want to.
For me, the refrence point is when I started, and the experience I gained.
I bought about 11 bitcoins when it was around 800$. Then I realized that there are other cryptos, eth, ripple, ltc etc. There were a few.
So, I bought some of them, thinking bitcoin was a little bit costly.
The high point of my account was in 2017.
And if I compare my crypto holdings to the high point of my account, I would cry😂
But with time, I learned so much about investing, trading, even holding things in the last 4 years. And I am sure, those lessons will come handy in the rest of my life.
Without these lessons, I could get lucky some day, make $100,000, and then lose it all.
But now, I always think before spending and investing. And don't take blind/big risks😅
RE: What's High and Low?