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People are constantly trying to guess the bottom and buy at lows
Also, many evaluate their portfolio based on its last ATH.
Both significantly worsen results and profitability because they affect emotions during investing and trading.
— Bitcoin is currently severely undervalued compared to almost any other asset.
— Many altcoins are also substantially undervalued relative to their fair price.
It doesn't matter whether you buy Bitcoin at $75k or at $60k — what matters is what happens when it breaks $100k+, and by that time, you haven't yet managed to build your position.