Crypto Bull Run Guide – The Hidden Bias Keeping You Poor

Crypto Bull Run Guide – The Hidden Bias Keeping You Poor

there’s a hidden bias that will 100% keep you poor as an investor in the cryptocurrency markets it’s a bias that’s going to eat away at your brain convincing you to buy high and sell low again and again and again until you’re absolutely broke and broken you’ll be out on the street begging for dog coins under a bridge before you know it it gets dark real fast guys real fast it’s called recency bias and basically recency bias gives greater importance to the most recent events in the market in this case this is seen most clearly in crypto markets via price action it is what leads most investors to act like this when the price is up everybody wants to again everybody wants to bet on the winners because the recent price action has been good when prices are down everyone wants to run away everyone is scared and panicking they don’t want to buy crypto and if you want proof that this meme is 100% true then remember this very important great lesson in the market on the day that Bitcoin hit the peak price of $73,900 Bitcoin ETF saw $1 billion of net inflows on the day that Bitcoin hit $56,000 saw half a billion dollars of net outflows I want to help you protect yourself from the two extremes of recency bias that lead people to making these exact mistakes the first of course is when the price is low backed up by critical information that you need to remember when the market is dumping and the second is when the price is is pumping recency bias can screw you up in both situations so watch Until the End make sure you get all the valuable info this video could literally save you thousands or maybe even millions of dollars one day so the price of crypto is down Bitcoin down 25% your altcoins down 50 to 60% things are bad they’ve been bad for a little while now the timeline’s filled with fear Doom posting it’s probably over you’re afraid every time you turn to social media everyone’s freaking out crypto did in fact not to be the big scam that everybody warned it was going to be why didn’t the number just keep going up I bought and then it went down it’s been down for weeks only I better get out now before it gets worse besides I’m a smart bear now going to get this Market just because the Market’s sitting at critical support that doesn’t matter Sports dumb anyway technical analysis this is going way lower so I’m going to buy back later when the coins are cheaper I’m a genius I got this except except except you’re probably not you’re probably not sorry during a bull run expect major pullbacks that will make you want to puke all this emotional stuff we just talked about it’s normal you’re going to go through it all right if you want major top signals that show the end of a market then go look up Lark Davis top signals I made a great video on it until you see a lot of that stuff happening it’s probably not the end of the market cycle so what is happening here in this situation quite simply because price action has been bad recently you now believe that that will continue into the foreseeable future when in fact little has changed with the assets themselves this is something that might crack a lot of people people’s brains in fact when the prices dump you’re offered a better risk reward time to buy the fact is higher prices equal greater risk lower prices often present lower risk when buying but most investors do the exact opposite they like to sell at times of opportunity and they like to buy at times of high risk but I want to zoom in on the little has changed with the assets except the sentiment and price part of the recency bias because I this is really important to understand as well this is critical to understand when dips happen but before we dive into that I just wanted to take a quick moment to let you know about the wealth Master newsletters my newsletter weekly crypto newsletter absolutely awesome best damn newsletter in the crypto business if I do say so myself and I am kind of biased but it is awesome every issue we try to just jam-pack a full of opportunity and Alpha for you we talk about altcoins airdrops meme coins charts nfts Defi and much much more you can join 125,000 plus weekly readers for free by using the link Down Below in the description or the pin comment over on X so fundamentals here’s something crazy to consider everything in crypto is substantially better than it was four years ago when the total market cap of crypto was much higher take salana for example the unit price at the time of recording has not hit a new high price yet despite the fact that basically everything about Solana is better than when it hit its all-time high unit price there’s better daps there’s a bigger ecosystem better Partners better technology I know it still goes offline once in a while what are you going to do man salana big upgrades coming soon like fire dancer and then you expand that thought out to really the broader crypto Market the games are better than ever before the meme coins are actually better than ever before AI taking off in a massive way real world assets layer twos are pumping Bas is bringing 120 million people on Bitcoin ETFs are here in the USA they’ve landed in Hong Kong we’re going to see them in Australia and South Korea and UK really soon banks are rolling out Bitcoin Services Bitcoin network is literally stronger than it’s ever been before Bitcoin defi is taking off memes are taking off the lifts just goes on and on and on the fundamentals of the market have literally never been better and they’re only going to keep getting better as we grind our way towards three billion users by 20 30 look I could keep going list 50 more positive things about the cryptocurrency market that show the fundamentals are actually getting better and better by the day but I think you get the point now let’s try to understand this recency bias near the top because this is probably the most dangerous of all failing to buy dips okay sure not the end of the world failing to sell the top that’s bad because at the top there’s going to be weeks of insane price action the recent price price action will have you convinced that you you’re a genius the Market’s only going to keep going up you nailed it you’re going to bet more it’s time to bet more you look at the numbers on your screen you imagine all the cool stuff you’re going to buy it’s time to remortgage the house this is it you made it you’re the guy okay you’re the exception not the rule it’s up only from here time to buy a boat let’s go boat shopping this is a time of Maximum danger because this kind of euphoria and winning will trick you into ignoring the reality the fact that the bare Market is just around the corner and that you are about to lose everything the recency bias is making you too optimistic based on that recent price action you have to remember to take your profits before the market takes them away for you because it will oh it will trust me been there done that because well the fundamentals have never been better for crypto the hard truth remains that when a risk-off environment comes oh and it will come it will come due to all the macro stuff whatever that this Market’s going to take a big fat giant stinking dump the day will come when it’s not just a normal correction in a bull market it’ll come when it’s the end of the bull market that time by my opinion still likely at least a year away probably more like 18 months but it will come and when it does you’ll need to fight your emotions you will need to ignore your recency bias that oh it’s been up only recently it’s going to keep going up forever no it won’t you need to click and sell Okay click that damn sell button do it for your future and for your family if you don’t then those profits will be lost like tears in rain but remember sell into greed sell into Euphoria do not sell into fear anxiety and panic that is how you lose okay I want you to win I want you to make money I want you to have the financial Freedom that you’re probably so Desperately Seeking by even coming into this Market in the first place I want you to secure your wealth I want you to live the life sail away on the yacht with the beautiful wife and your beautiful kids financially secure that life is possible for you but if you keep screwing it up emotionally psychologically by fom moing in and panic selling you’re not going to win you have to think counterintuitive to the herd because most of the herd behaves the way that I’ve described in this video if you want to do the opposite then you have a good chance of winning because that’s really the only chance you have winning in this market thanks for watching

These are the hidden bias keeping you poor
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00:00 Intro
00:21 Recency Bias
04:08 The Fundamentals
05:40 A Time Of Great Danger

#bitcoin #crypto #investing
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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.