Somebody told me one time. There is no free lunch. And till one month ago I was of the opinion that with bitcoin there was finally free lunch.
I'm a novice. I'm not an economist, professional trader or informatic.
I came out of this month without the legs broken, but my stack is no more that of 1 month ago. I have smelled this correction, but I said me: It is still not time, too early. I don't take profit till I don't reach what I want. I was blinded
I did not arrived to that number. Nevermind... I tought just once. But I learned a lot of things and if I have lost some money, it's just my fault. I spent a lot of time to understand how trading works and there is a lot of work before to consider me as a trader. Time is precious as the money for what you worked hard. So give the right value at your time and your money.
Now Bitcoin just did a little fart on the upper side and everybody is crying at the end of correction. Who said that we are not in the middle of capitulation? I mean the value of 1 bitcoin was less than 1 Dollar in 2011. 1 month ago 20000. Now less than an half.
People are completely craving for more gains after this month and these are the perfect conditions to be trapped on a big bull trap. So think always twice, choose the best time and the right ammount to invest as well the right time to take money out of the table.