Now I can really relate to the mindset of those previous stock market boomers who jumped into Crypto to catch the bag.

It’s often a process of:
Looking down on it (Is that it?) ->
Testing the waters (Seems okay?) ->
Adding more (This is great!) ->
Going all-in! (Why does it split as soon as I go all-in?🥲)
Because during the earlier hesitant, gradual entry phase, consensus is gradually unifying and cognition starts to align.

As news of new highs and sudden wealth keeps being reported repeatedly, funds start rushing in faster, and the most profitable stretch has already run its course.

The earlier profitable positions start considering exiting, while the influx of new funds begins to slow down, and the market starts to fluctuate wildly due to changes in information, causing consensus to diverge.

In the long run, the AI process is certainly not over, but as a latecomer taking the baton, you really need to have sufficient psychological expectations that this process will no longer be smooth sailing.

At least now is definitely not the best time to go all-in; it’s better to keep some bullets in the chamber.