A Timely Reminder

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There are some telling signs you know a Bull market is just around the corner and today I had another reminder of just that. I received a call from some trading firm based in another part of the world stating they had got my number from a friend or family member who was trading with them. I have no idea who it was as I have no interest in this sort of dealing. I cut the lady short and told her to please never phone me again as I am fine trading on my own.

When you are in crypto and are established like many of us are there are very few who can actually understand what we are doing. The percentage of the population doing what we are doing is such a small percentage it is quite scary the opportunity it is presenting all of us. These trading firms offer a small percentage for investing with them and so many fall for these tricks.

I can only imagine how many people sign up to this type of trading scheme and who knows if they are even genuine and legitimate. From previous research many are not authorised yet they still offer these investment services. Greed will always lure people into something they shouldn't and that is going to happen yet again as the positive news hit show well crypto is doing. FOMO is a powerful tool and these companies prey on many when the time is ripe and that time is very near.

The Mirror Trading International scam that the owner did a runner before Christmas last year was offering around 10% monthly returns for handing your Bitcoin over to them. 10% sounds like a lot ,but we all know that can be made within one trade so that shows how ignorant investors really are. If one bides their time doing research one trade can cover what others are chasing for and we see this all the time. 10% is peanuts and I would consider a fail if I am being openly honest.

Crypto volatility is it's enemy and friend rolled up all in one as this is where fortunes are made and lost. After the last Bull cycle in 2017/2018 many made massive gains to only watch 90% dwindle away over the next 3 and a bit years. The question is will history repeat itself leaving many holding their bags again. Some will but this time around I do think a large percentage will sell out to retail investors buying the top and wait for the pull back.

10% a month which is 120% per year isn't a great return and would be disappointed if that is what I was earning on my crypto investments. Somehting small and unheard of by many is our very own CUB in Kingdoms currently offering over 71% or 0.15% daily auto compounded. Risk free and safe as houses without any rug pull or scams. Just having a coin like Hive which is up a staggering 403% since this time last year. We do tend to forget how well we are actually doing and we haven't even started the party yet.

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