Every crypto cycle has five participants. Stage 1: Builders create. Stage 2: Smart money accumulates. Stage 3: Institutions allocate. Stage 4: Retail amplifies. Stage 5: Latecomers capitulate. Everyone wants to buy low and sell high. Yet most people buy in Stage 4 and panic in Stage 5. The market doesn't transfer wealth from the poor to the rich. It transfers wealth from the impatient to the patient. Know what stage you're in. That's more valuable than knowing what coin to buy.
Wilberforce TheophilusShare
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