WAGMI BIG
I failed miserably... I did so with almost anything I got involved with in terms of career and making money because I never truly loved what I was doing at any given time. My diploma may say I'm a journalist, but my heart was never in it.
Consequently, I drifted through various crappy jobs for several years, ending up with anxiety attacks, a messed-up mental state, and weighing a bit over 50 kilograms. That was me about seven years ago.
That's also when I got into crypto. Though I haven't yet struck it big in crypto, I somehow managed to sustain myself through it (mostly thanks to Hive), and I plan to stick with crypto until my dying day. Hopefully, by the time I kick the bucket, I'll have accumulated a whole Bitcoin. And by the time the current bull market ends, I aim to refrain from selling any HIVE tokens ever again.
WE ARE ALL GONNA MAKE IT. Trust my words... I may not be the best trader or investor out there, but I can sense money when it's within reach. Believe me when I say that many of us here will become millionaires by the end of the bull market. Even if you or I don't become millionaires, achieving financial freedom for several years ahead and having funds to reinvest during the next bear market will be life-changing.
Short term, we're still maneuvering through the halving. While some anticipate a massive "sell the news dump" for BTC and the entire crypto market after the halving, I believe the opposite will occur. The total amount of Bitcoin on exchanges is less than 2 million coins, and the miners' rewards will be halved as of April 19th this year.
Add to that the buying pressure from ETFs, and you've got yourself a ticket for a wild ride leading into the year's end. If it weren't for Grayscale's GBTC, I believe BTC would be $100,000 by now. Sooner rather than later, GBTC will dry up, and demand will only increase.
Today, CPI data came out, and it seems inflation isn't "that transitory" in the US after all. The market momentarily tanked, but then people realized that high inflation makes Bitcoin the perfect hedge. Not everything lasts forever, so it's wise to prepare to take some profits off the table.
If you ask me, I believe that by this time next year, we'll already be in a bear market, and this one will probably last longer than a year. BTC has mostly trended upward over the past decade or so and has yet to experience a significant bear market.
Personally, I'm looking to take profits as of the summer or end of 2024, depending on whether my targets and other metrics are met. I might not be able to sell at the top, and I'm okay with that. But one thing I'm sure of is that I'm going to make it this time. I've had two failed bull markets in a row, and I plan to make the current one a success.
There will be investors who sell too soon, and many will end up holding underwater bags based on narratives like "this time is different" and the idea of a super cycle due to ETFs, or the belief that crypto will become an alternative to fiat, and so on.
Take some profits off the table, just in case. And if all of the above comes true, great. At least you'll still have some to enjoy during the super cycle. But don't ignore the everything season that's just begun. I beg you!
Thanks for your attention,
Adrian
I can sense it too... With the halving, ETFs, massive debt expansion, and new all-time highs for Bitcoin, the timing is right for another bull run.
I also failed in the previous two bull runs, believing that the dollar was finished, and that hyperbitcoinization was in full swing... Only to be humbled by two extended bear markets.
That said, I still think that fiat will be replaced by crypto soon. With US debt now at ~35 trillion and growing exponentially (1 trillion added every 3 months), what if we've finally reached the point where this unsustainable debt-based fiat system cannot expand any more?
It's obvious that the powers that be are preparing for a financial reset, and a transition to central bank digital currencies. Also consider the de-dollarization trend of major nations leaving the dollar behind for alternative currencies (sometimes Bitcoin).
Imagine having your dollars in the bank when the trigger is finally pulled. At least with stablecoins, you could bounce out quickly if necessary. Those who are totally trapped in the old financial system could lose a lot via the great reset, and "the great taking", if it unfolds as predicted.
Of course it's possible that this reset and transition to CBDCs could be postponed for another bull market or two... But we should consider the possibility that a major shift in traditional finance is right at our doorstep, and prepare accordingly.
You have some valid points here. That’s why I am planning on buying myself a nice stash of HBD once I start talking profits out and the rest will be invested in real life assets.