The Most Valuable Lessons Learned from the Mistakes of "Buy the Dip" Investors to Ensure a Profitable Second Half in 2022

As investors, sometimes we compound our investment mistakes from bad to tragic by engaging in quiet desperation disguised as willful denial of truth, though deep down inside, we often really understand the truth. For example, those that have lost 50% or more from their purchase prices in BTC and ETH, most likely understand the truth that BTC is unlikely to return to $69k anytime within the next few months, let alone $50,000. Consider this analogy to understand how deeply some among us have been deceived in the cryptocurrency game. When BTC reached its peak of $69,000 last November, gold traded at a high that month of $1,879. Currently, as of 30 June 2022,  BTC has lost 72.5% in price. If gold suffered the same drop, gold prices would be trading at nearly $500 right now at $517. If gold were trading at $517, undoubtedly the declarations of gold’s death would be dominating headlines in every major financial news media site along with numerous predictions that gold was going to return to its 2001 price of $250, if not lower.

In addition, even though gold has held up far better than BTC this year and though prices dipped to $1,800 today as I predicted last week here on my substack newsletter, the “buy the dip” narrative that popped up earlier this month in gold/silver mining stocks has not worked either.