I know that this phrase is said every time the market goes down, but honestly I think this time is a little different. I'm not saying this just because prices are cheap, because that alone is not a good enough reason to buy, but because the whales themselves are buying now, and for me this is a very strong sign. When you see the owners of the big wallets moving, something is happening under the surface, and we shouldn't be the last ones to ride the wave!
What always happens is that the market goes down, people get scared, start selling, and the whales take the opportunity to collect at the cheapest price. Then, when the price starts moving up again, you find people running to buy at higher prices, and the moment comes when the big guys sell and make a profit, while the small guys are still trying to make up for what they missed.
I think the smart thing to do during this period is to be calm and balanced, don't rush into selling or buying, but look at the general trend and see how the market is behaving. If there are huge purchases, then there is probably a plan in place, and the next wave may be in favor of those who entered early. But at the same time, you have to know what you are investing in, so that you do not find yourself attached to something that has no real value.
I hope that people start thinking with the mindset of an investor and not with the mindset of someone who runs after the price. The market is not always clear, but if you focus a little, you will find signals that tell you to make the right decision, whether it is to buy or even wait.
Posted using Tribaldex Blog