Is the BLOW OFF top coming? Bear market around these levels? NFT WINNER?
Well the HODL'ers like myself are getting a second wind. We haven't just yet been validated with a blow off top, but it's looking more and more like it's going to climax. Those of us who have been involved in bear and bull market's are just on the cusp / tip of being validated in terms of the BTC cycle.
- BTC blow off top
- BTC level off and fall
- ALTCOINS insane for a few weeks afterwards
'Wen' is always the question.
This time around I wasn't playing around. STEEM / HIVE was my onboarding into crypto. Yes the first crypto I ever owned was 0.5 BTC which I gladly gambled away in 2010. Gladly I say as I was gambling to double it to 1 BTC. Well they took my BTC.
We have all been there, and at that time my GOLD / SILVER was doing very well. Life has taught me so much since then. Gold and Silver fundamentals do not matter, and digital mining is a thing. To be honest I think Gold and Silver have their day but it takes about 20 years to play out. The inflation we are seeing will make it next to impossible to mine Gold and Silver. Don't give me this crap that we can mine asteroids or the ocean floor. Those are the most stupid arguments I have ever heard. Number one to mine something is a costly operation. Second, if you think those elements will continue to be mined it still means they are relevant.
I did not buy crypto this month, I bought SILVER. I believe it is the most heavily manipulated commodity; and is set to explode as it's CHEAP. I just don't like carrying it around and dropping it into the middle of a lake with a treasure map.
BTC on the other hand is a 4 year cycle thing. Can we have lengthening cycles? Well it's uncharted. Can BTC stay dominant for decades to come? Well talking to the guy who gambled 0.5 BTC (my biggest bet ever), stupid is is stupid does.
I have worked hard to acquire that half a bitcoin back. I know we are all supposed to dollar cost average OUT of BTC on the way up; but the 0.5 BTC will stay and serve as a reminder that holding it has no decay, and holding it show's faith in the crypto-space.
Do what you will but I will more than likely start playing with my ALT-COINS 'only'. Those I 'plan' on transferring into some stable coin element. We know stable's will be attacked from every angle; so I will quicky convert back into alt's after BTC and the rest have found there tracement back to 'bear' market territory.
Hive is not included. Hive is my precious and I will continue to build for years to come.
What is that golden retracement? That is the golden question. Above I have a chart which show's the bear market averages. Seems like 50k may be the bear market bottom if BTC hits to 100k-200k. 28k levels seem implausible with all the ETF news.
Start preparing now! I do have a little BTC waiting to cash out but that 0.5 BTC is a slap in the face and I paid for it this time around. That's how I know it's different this time.
On the NFT front I want to thank the few participants who guessed the payout! I'm cutting it off today as most upvotes come within 24-48 hours. Looks as though ecoin wins (so far)
@mistakili thanks for your participation!
@stickupboys love the pizza!
It looks as though @ecoinstant is gonna be the winner. Once payout comes in a week I'll be sending you the NFT and I'll work on a new one and probably do something similar. This is of course assuming a whale doesn't come along and downvote / upvote. Things could change, but you are looking like the winner! Thanks for the marketing!
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Hehe nice. I was close
It's not over until the fat lady sings! Next one you should be able to guess. Next NFT is gonna be pretty sick!
Okeydokey im in! ☺️
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well you should get 35 hive...
It's not over until the fat lady sings! Next one you should be able to guess. Next NFT is gonna be pretty sick!
I just want that alt season to get here that everyone is talking about. I have some satoshi's and I am holding them for sure. I want to see some of these tokens that I took a gamble on start pumping!
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Bitcoin is a currency but what are your thoughts on utility coins that actually pay for a service or a product?
My opinion is irrelevant to whatever draconian regulations governments put into place. Bitcoin is safe and cleared in the states as a commodity and not a security. That's all I can say on the matter other than pay with whatever you want. Utility tokens have economic value.
You would know about blow offs.