I’ve been in this industry for a long time now. Every cycle, I inevitably get people asking me if it’s a good time to buy. The funny thing (and I’m sure many of you will relate to this) is that they always ask when BTC is going up
Then, the moment BTC goes down even 2%, the same people ask if the bear market will create new lows.
The takeaway for me has been traders vs investors.
Traders buy and look for short term entry and exit. They want some quick cash.
Investors look for long term valuation growth. They want the industry to succeed.
Neither is wrong on its own but they both give a clear explanation of WHY people ask this question.
When a trader asks this question, they’re asking it to know if they should buy or sell based on the money they want to make.
When an investor asks this question, they’re asking it to know if their conviction will be validated or invalidated.
Have you noticed the same?
submitted by /u/Accomplished-Eye5567
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