The easiest trap to fall into in the market is thinking about "picking up bargains" at the bottom.



You see many people, when the market drops, they become impatient and rush to buy the dip, always thinking that the low point is just around the corner. But what happens? The result is frequent stop-losses and their accounts shrinking day by day. Where is the problem? It’s in judging the market with emotion.

The movements of cryptocurrencies like Bitcoin and Ethereum are inherently complex, and no one can predict what will happen in the next second. But once you start believing you can guess the bottom, you've already lost half the battle. Because market laws are not something emotions can control.

People who truly make money think differently. When an uptrend is established, they don’t get caught up in whether to chase the rally. On the contrary, every pullback is like a gift from the market— as long as the trend line isn’t broken, they keep holding their positions and follow the market’s rhythm forward.

Why is this approach more stable? Because you’re no longer fighting against the market, but leveraging its momentum. On the technical side, a trend break is the only signal; other fluctuations are not worth changing your plan for.

Instead of worrying every day about whether to chase or not, it’s better to develop a habit: if the trend hasn’t changed, don’t change your holdings. This is the principle summarized by those who have navigated multiple bull and bear cycles.
BTC-2,28%
ETH-2,56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
LayerZeroJunkievip
· 01-18 23:36
You're absolutely right, the biggest pitfall of bottom fishing is digging your own grave.

Every time you think this is the real bottom, but then you suddenly cut your losses with a big sell-off, and after repeating this several times, your account is gone.

It's better to stick to the trend and not be fooled by those false lows.
View OriginalReply0
CryptoHistoryClassvip
· 01-16 03:54
*checks notes* ah yes, the classic "i can time the bottom" delusion... we literally saw this exact playbook in 2017, 2021, and every cycle before that. history doesn't repeat but it sure as hell rhymes.
Reply0
DegenWhisperervip
· 01-16 03:50
That's right, I've seen too many people buy the bottom and then get trapped all the way, thinking they're catching the bottom themselves.

It's another article with the same old tune of "trend unchanged, position unchanged," which has become so monotonous that it’s almost numbingly repetitive, but somehow some people just can't do it.

The real difficulty isn't knowing these principles, but whether you can hold on when emotions start to take over.
View OriginalReply0
blocksnarkvip
· 01-16 03:39
The words are spot on, but I've still seen too many people say "the trend hasn't changed, the position remains the same," only to panic when it drops 3%.

Honestly, what I fear most isn't losing money by bottom-fishing, but the thrill of thinking you've found the bottom — it really can be addictive.
View OriginalReply0
  • Pin