From a psychological standpoint, everyone waits for lower pric | Crypto Network

From a psychological standpoint, everyone waits for lower prices. Problem is... we always want lower prices. Take a look back... Isn’t it interesting that we fell 75% from our all time high and people are more fearful to buy now than at ATH levels? Human psychology will always work like that. You have a lot of uncertainty now - regulations, CEX drama, inflation, recession… In times of uncertainty, you statistically have the highest chance of hitting a great entry. Catching the absolute bottom every time is also near impossible. Always keep that in mind.

So what now? Is it smart to be buying crypto? Yes. Here's how I'm playing this one:

I entered around 16k with around 40% of my planned position
Got 30% limit order at 13k
And 30% limit order at 10k

Do we absolutely have to hit those levels? No!
I don't mind if we don't, I'll be happy with my 40% already opened.

Now a bunch of things are pointing a downtrend before the up move starts, hence why I got limit orders ready. Final low (if not hit already) should be somewhere around New Year, first couple of days of January.

Until then, keep your eyes opened and start to build up your positions.