Regret, Greed, and the Assets We Ignored

Welcome back,

Today, I was talking with one of my buddies, and both of us are crypto investors. We mainly invest in long term assets, but we also do short term trading sometimes. That is how we are part of this crypto industry.

I was asking him if he wanted to sell USDT because there was a buyer, and that is how the conversation started. While talking, he shared a screenshot of his portfolio and said that even if he had invested half of his total portfolio in silver, he would have been much happier. I honestly agree with him.

But the point is that we should not regret our decisions, because the market actually gave us enough time to book profits.

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Greed is the main reason why most people were unable to exit at the right time. Everyone was expecting to earn 10x to 20x, just like in previous alt seasons and bull cycles.

This cycle, however, was very different. Things happened much earlier than expected. There was no fixed timeline like we had seen in previous cycles. On top of that, the market had matured enough to play with the mindset of retail investors in a much more aggressive way.

The approval of ETFs brought top institutional players into the crypto market, and that was one of the major reasons why the market did not reward common people and retail investors the way it used to before.

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So while my friend was right about his statement on silver, the sad reality is that we were the ones who ignored assets like gold and silver, which are now performing extraordinarily. And believe me, if these assets were not performing this well, nobody would even be talking about them today.

I would also like to point out that gold respected a major resistance for almost 4 continuous years before finally breaking out. It tested that resistance again and again, roughly every 300+ days, before finally breaking through.

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Once that 4 year resistance was broken, gold performed exceptionally well. While the magnitude of the pump was higher than expected, the breakout itself was very much expected.

From a technical analysis point of view, gold was already showing strength. From a fundamental perspective as well, everything was in gold’s favor. That is why gold performed the way it did.

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So instead of regretting missed opportunities, we should focus on how we can position ourselves better for the future. That is the only way to survive and grow in financial markets.

Thank you and happy trading everyone.