❇️ WHERE IS BITCOIN CURRENTLY AT IN THE CRYPTO MARKET CYCLE?
It's been a few months since I talked about the current status of Bitcoin and Cryptocurrency markets. 📆
We have been in a huge "Bear Market" since early 2018 and seen lots of up and downs.... from the all time highs topping around 20k to the abyss lows of $3k. 📊
So where are we at in the Psychology of the Market Cycle?
As tons of "Moon Boys" on YouTube and Twitter screamin' we're all heading to 100K this year are just fooling themselves and their followers for views, fame, attention and clout.
In my opinion, we have been in the "Disbelief Cycle" for some time now and will continue that process for the rest of 2020 into the "Hope Phase" toward the end of the year. 🙋♂️
What does that really mean? 🤷♂️
We are going to see lots of rallies and sell offs confusing people to "FOMO" or "Capitulate" their holdings.
This is why they call it "Psychology of a Market Cycle"... It's meant to mess with the "average joes" (80% of people) emotions to make bad decisions.
Like I stated many times before, I believe that the next "real" bitcoin run will happen in 2021-2022 then repeating the whole market cycle process again.
"So Charles, what should I do?" 🤦
Well, I'm not a financial advisor and you should make your own decisions in life... with that being said, here is my opinion.
It's accumulation time!! ... but you have to have the stomach for all the pumps and dumps that will occur in 2020... and if you can handle that, you are going to be one happy sailor in 2021-2022.
I'm really liking Bitcoin at $5000, hope it reaches there!! 🤑LOL
Remember crypto is a very "speculative investment" and most "cryptos" will go to peanuts in a few years being replaced by new coins.... over and over again.
Keep on STACKIN! 😎
~ Charles Fuchs
For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
You Can Follow Me Here:
➡️ UpTrennd: https://uptrennd.stackin.co
➡️ Facebook: https://facebook.stackin.co
➡️ Twitter: https://twitter.stackin.co
➡️ Instagram: https://instagram.stackin.co
➡️ Steem: https://steem.stackin.co
- PI NETWORK: Pi is a new digital currency you can mine on your mobile phone for free without draining the battery or using data. Use The Referral Code: ( stackin ) to be on my personal team.
- Crypto.com: Get The World's First ELITE Cryptocurrency MCO Debit Card and we both get $50! NOTE: You must stake 50 MCO to get the $50 + 2% cashback on all purchases. Must use Ref code: ( mqanqykcym )
- CLAIM YOUR FREE HEX TOKENS - The first high interest blockchain Certificate of Deposit (time deposit) that is designed to go higher, faster and retain its value.
Agree with you, this is time for accumulation, I like to sail the waves
It’s going to be one crazy 2020 📈📉📈📉📈📉 😅
Posted using Partiko iOS
113 Days till halving
It might be a halving different from the past lol
oh for sure, I mean I'd love to see the price sky rocket and steem be worth over $1 again but I have a very hard time thinking it will honestly happen again. Here is to hoping though :D
Congratulations @stackin! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Hi, @stackin!
You just got a 0.35% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
does that thing really works haha :D
99.9% lol
Hi @stackin!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.308 which ranks you at #223 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 115 contributions, your post is ranked at #40.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
HODL.... that's the name of the crypto game. Patience is a virtue when it comes to coins.