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Don't want to get rekt this cycle? Don't buy projects at bad valuations. One of the MOST asked questions I always got was: "Hey BitEagle, what do you think about project X"? Me: I think they are super solid! "Ah awesome! So it's a good buy right?" Me: Nope "Huh? But you just said they are solid af?" Me: Yeah, doesn't mean they are at a great entry. "hmm, okay, but I still believe they will be much much higher so I'll buy them, thanks!" ... These are questions and answers that really happened btw. And they also happened more than once. Listen, the markets always operates in the same way (check the entire history of almost every coin out there). What goes up, most come down. And if it goes REALLY HARD up for a long time? It goes down even harder as well. If it didn't it would mean no single individual would actually be making money at all (no sells = only paper profit). I like many projects, doesn't mean I like all of their entries. Doesn't matter if you found the next Google, if it already is going parabolic it means everyone else already found it as well. In the end, the goal of any investor is to buy low and sell high no matter what project you bought. That doesn't mean we will always be right but you can be sure that you'll almost always be wrong when you buy something that looks like a rocket already. Up to you though.
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Here is the Bitcoin motion that the Vancouver City Council will be considering today: "Preserving of the City's Purchasing Power Through Diversification of Financial Reserves - Becoming A Bitcoin Friendly City" 🇨🇦
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As this bull run gets deeper, The noise will get LOUDER. Celebrities will start chatting shit. People will start chasing clout. You’ll see id!ots screaming for attention. Bold claims, wild predictions. Most of it will be backed by nothing: No data, no charts, no logic. Understand this. The market thrives on emotions. The louder they get, The more they want your attention, And your money. Be careful who you trust. Most don’t even know what they’re talking about. I’ve seen this happen many times. The ones chasing hype always lose. I’m warning you now, Don’t be their exit liquidity.
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MicroStrategy $MSTR set to join Nasdaq 100 on Dec. 23, with the official announcement scheduled for Friday.
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Gm. Altcoin market finding support at previous local high currently. Good sign again. Some additional facts: Current altcoin rally (OTHERS) started at 220B market cap. It DOUBLED and rallied all the way to 440B market cap in one single go without a correction. If you thought altcoins taking a breather towards 350-400B was bearish? Ngmi (if anything, that's bullish more actually)
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