Everyone’s Making the Same Crypto Mistake. Again

By DeFi Demon - CryptoX0 | Defi Demon | 5 Jun 2023

The bear market is currently destroying a lot of crypto investors. People have been getting scared and selling at a loss.

Here’s the thing: when there’s blood in the streets the smart investors buy big. When Bitcoin hit 45k, everyone was screaming about the coin whilst claiming that they’re ‘stacking up’.

A huge opportunity is staring us right in the face.

But now, sitting quitely around 28k, all those people seem to have jumped the deck. The world seems to have moved onto meme coins. Are they making the right call?

My opinion, no, they're making a huge mistake. In fact, everyone’s making the same mistake they made back in 2017.

Crypto winter = Crypto DED

In 2017, Bitcoin’s plummet led to many self procliamed experts claiming that “Crypto is dead!”

Back then, this was a very popular opinion. And now it's the same narrative. Bitcoin isn’t coming back, take your losses and sell for this meme coin. It's gonna moon bro, trust me.

The sad reality is that, while everyone should know that the majority lose out on meme coin and that now is the possibly the best time to start DCA'ing into BTC, ETH, LTC etc. They're just not doing it.

Instead they'd prefer risk their capital, gambling on a frog faced meme coin. They'd prefer argue that X coin is dead and this new shiny coin is going to blow them all out of the water. All the while the smart money is throwing money into those blue chip coins. They're building their position in preperation for the bear market. Whenever that comes...

Blue-chip cryptocurrencies (Bitcoin and Ethereum) have always blasted past their all-time-highs (ATH) once the bear market has passed. Every. Single. Time.

Now, I don't know the future. Nor can I predict whether this will happen again. But the probability of it happening are very high. The chance of making a return on BTC is much higher than making a return on *insert meme coin*.

Anyone who stacks up now is bound to see a decent return on their investments. Plus, if they reach their ATHs again. You know FOMO will kick in and people will crawl back.


Is there a risk?  Yes, of course.

Does it matter? No, not really. Investing in gerenal is risky AF.

But. With these blue-chip cryptos we can look over the charts and see how "predictable" the movement is. I'm pretty sure you can agree that there's never been a positive investment like this.

The chances of these two assets returning to their ATH's is relatively high. I know it's worth investing a bit of capital to earn a return.

Although I'd love to bet my life savings and liver that the next bull run will make many people rich. I cannot guarantee it. Nobody can.

Investing in blue-chip crypto now is only a question of how much are you willing to  lose?

And would you be willing to risk more if you knew the same thing has happened not once, not twice, but three times before?

I think the risk reward on this one isn't very risky.

Everyone tolerates risk differently. But in myopinion, anyone who has invested in crypto during the bull market and is not investing now is stupid. People bought BTC at the top and now complain about their losses. I bet they wait until it reaches its ATH again before throwing in more money.

I hknow investing in crypto is risky. I've made mistakes. I've bought coins a the top. But now I know the market a little better. I know what results I can get in the next bull run. I just hope everyone else has a good idea of this as well.

I’m going to use the crypto winter to ensure I have a comfy crypto summer.

I am not a financial advisor. This article reflects my views on the current crypto market and everyones mistakes. It should not be used as investment advice.


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Defi Demon
Defi Demon

Defi Demon is a blog that covers all things related to decentralized finance (DeFi). DeFi has rapidly emerged as a transformative force in the world of finance, offering a wide range of decentralized financial applications and services that aim to disrupt traditional finance systems. In Defi Demon, you'll find a wealth of information on various DeFi protocols, including lending and borrowing platforms, decentralized exchanges, stablecoins, and yield farming.

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