@donalt Hi ,Donalt I ve been following you for years and learned so many things..I need your advice on this one.. I am considering to buy CYDX token which is a DeFi derivatives trading paltfomm with good slippage and highliquidity as they say.. what do you think?
Buying the bottom is overrated
1. Markets can continue to chop = eroding your mental capital (risk of selling early/mismanaging good entries)
2. Market bottom & new uptrend are different things, separated by months/years
3. Even after the bottom, there's a high probability of a 'backfill' of the wick - usually a better entry
4. Serious money is made in the uptrend when new coins & narratives accelerate, not during ghost town
5. IMO: Better off waiting for extreme mispricings or extreme strength