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Warning: Do Not Buy Bitcoin at This Time
If you're caught up in the Bitcoin buying frenzy for fear of missing the boat, take a moment to stop and read this article carefully. Bitcoin has hit the $100,000 mark, a staggering figure. But this could be a sign of a market trap that the "experts" are trying to create. The phenomenon of "Pump-and-Dump" and the opportunists When the price of Bitcoin soars, many "experts" promote themselves and large investors by advertising that this is the "best time" to invest. They are taking advantage of the FOMO (fear of missing out) psychology of small investors to push the price even higher, in order to sell off when it reaches its peak, leaving others to "hold the bitter fruit". Reasons not to buy Bitcoin at the moment The price is too high: Some Risk of Depreciation: If you buy at the current high price, there is a high possibility of depreciation when the market adjusts. A more reasonable price to buy in is when Bitcoin drops to the range of $60,000 - $70,000.Market psychology: Don't let the fear of missing out overshadow your rationality. The financial market always operates in cycles of growth and decline. The patient ones always end up being the ultimate winners. Advice for you Gradually take profit from Altcoin: If you are holding Altcoin (digital currencies other than Bitcoin), consider taking partial profits at this time.Wait for Bitcoin correction: Be patient and wait for Bitcoin to correct to $60,000 - $70,000 before reinvesting. This is a more reasonable price threshold with lower risk. Always DYOR (Do Your Own Research): Research and analyze carefully before making investment decisions. Don't blindly follow advice from 'experts' on social media without a basis. Be alert and smart The people who are urging you to buy Bitcoin at this price are not you. They are only interested in profiting from the inexperience and herd mentality of the market. You have control over your assets. Remember: The financial market is not a place for greed. Be alert, cautious, and only invest when you understand the risks. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)