BTC will NOT dip this time like January 2018

I'll start by saying that I lost a lot of money in the crypto crash of January 2018.

I invested in every Alt Coin under the sun, expecting huge returns. I'd check my crypto app on a daily basis constantly monitoring my coins, I became hooked. The more that the prices went up, the more coins I kept purchasing. I was one of the fools that borrowed heavily on my credit cards and any other funds I could obtain to pump into the market. Yes that was me. I invested six figures of my own money only to have it drop by 90%. To rub more salt in the wound, I got scammed out of $20,000 in Neo coins all because I searched for the Neo online wallet in Google and clicked the first website link that came up. The site looked identical to the one I used. I logged in and bang, I knew straight away that in my rush to keep investing more money, I became careless. With a background in IT, I knew straight away what had happened. I became the victim of the very thing I would always warn people about.

Had I stayed invested in Bitcoin I would have more than recovered my losses.

I had multiple crypto accounts with everyone from Binance to Liqui.io (since shutdown). I had so many crypto accounts I almost lost track of which ones I had money in. I didn't bother withdrawing the funds and left them in the accounts. I probably lost a few various coins with exchanges shutting down but I didn't care.

Call it naivety or stupidity, maybe both.

I got on with life and fortunately with a bit of hard work, a steady job and some luck, I made back most of the money I'd lost in crypto - though I often imagine how much further ahead I would have been financially had I never lost that money to begin with.

Fast forward two years and I hear that prices are going up again. For the first time in two years, I log back on to some of my accounts and see that I had made back about 25% of the money I'd lost back in 2018. A nice surprise. As I ready myself to withdraw the funds, I can't help but drawn back to the limitless possibility of making all that money back that I had originally lost. I remembered how Cardano was over $1, Neo was over $100 and all the other Alt coins had been so high. Though many of my coins were now worthless, some were still alive.

So I re-invested. Yes I put more money in. But this time, before doing so, I was sure to use stop losses and learnt a lot more about Technical Analysis and how to read Candle Stick charts amongst other things. I'd read chatrooms and monitor general sentiment as best I could.

One of the BIGGEST things I did was to look at the dates and times of the previous crash. How long it took for Bitcoin to boom and how long to bust over the December 2017 to January 2018 period. I remembered back to all the bulls*t that was spread to explain the loss at the time, "Oh It's the Chinese New Year so all the Chinese are withdrawing their funds but will be back soon" etc. etc.

So based on the dates and times of the previous crypto crash, I armed myself with this knowledge and prepared myself for bitcoin to dip from the high of $42,000. Sure enough it's dropped and I invested. Lucky enough. I waited for the rise and then sold out to take some profit. I have now waited for days to re-invest, anticipating another drop, which I expect to mirror 2018. But the longer I wait for this next drop, I realised something. EVERY SINGLE PERSON is expecting and waiting for the same thing to happen, waiting for a drop before they re-invest. The vast majority are all those same investors who got stung in the 2018 crash.

So here's my theory. If I'm like every other single person out there waiting for a crash before I re-invest, maybe it won't happen this time.

Maybe we are all waiting sitting on the sidelines, shorting our positions and expecting the price to go down only to realise that it won't happen. Why? Because the vast majority of us are all having the same thoughts and waiting all the while knowing that the long term price will only be in an upward direction.