Some advice to newer people about this Bitcoin rise

I just wanted to remind you all about the fact that you should stay rational right now. I understand that with Bitcoin rising towards 70k, one or the other might succumb to the feeling of FOMO. And please, I’m telling you: Don’t fall for your emotions. Despite what everyone on the internet or the news might be telling you currently, Bitcoin is absolutely NOT guaranteed to head higher from here. We have been in a range for the past 7 months and it’s possible that we keep doing that for another few months, who knows? Don’t think that Bitcoin 100% has to start going “because we are in Q4” or some shit.

Especially the times where everyone is screaming that Bitcoin “is breaking out!!!” are the ones where most people get it wrong. We could also go below 50k again and I’m asking you: Are you prepared for that?

I’m not saying we will necessarily go there (though I personally do have my reasons to believe this), but if that scenario is not on your radar, then you shouldn’t be in the markets. Don’t overleverage yourself, and practice caution. Don’t get hyper bullish and don’t FOMO in. Be prepared for both cases, up and down, we are not out of the woods yet.