Buying high and selling low applies to all of us. It’s the way humans are hardwired. We as humans are psychologically unsuited to prosper in a volatile market. It takes an act of will, awareness and effort to understand, accept and change this destructive behavior. Whether it’s stocks or bitcoin…most people lose money and many times it’s not because of the asset they’re invested in, it’s because of the psychology that’s ingrained in their minds.
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Volatile markets fueled by central banks like the Fed, propped up by puppet masters like Powell and Yellen.
You’re learning my young Padawan. But the more we learn the more we discover how much we do not know.