In the market, everything is difficult: buying cheap is easy only in theory, not buying when the mood is high is difficult, and not selling when the profit is high is also very difficult.
That's why strategy makes all the difference. If I have my strategy clear, I won't sell now. What about you?
Bitcoin dominance has already accumulated a high of 18.6% in 2024 and continues to rise, with a new high today at 61.3%.
In the last cycle, dominance reached 70% in January 2021 and soon after we saw an explosion in the price of several altcoins.
In this cycle, I don't expect dominance to reach 70%, but to have a high a little below that.
Maybe something close to 65% is reasonable. The point is that we don't seem to be that far from that.
Altcoins falling and BTC rising is only bad for those who haven't set up a proper crypto portfolio by now. As a sign, this is quite healthy for the market.
Those who have done their homework, something I always teach transparently on my networks, by putting together a portfolio for the first leg of the bull run (Bitcoin season) with the majority in Bitcoin, can now start increasing their holdings in altcoins in percentage terms to better capture the altseason.
It is on its way. But we still have opportunities shining on the screen.
I once again made a detailed video on the A Ótica do Dinheiro channel about the launch price, warning followers who were buying “pre-market” elsewhere and paying a high price.
Before buying any token to speculate, it is necessary to understand whether you are really paying a good price and whether there is a safety margin for appreciation in a short trade.
I created a range in the video, which is available for anyone who wants to watch, in a price range based on assumptions and considerations involving market cap, initial supply, Launchpool distribution on Binance, segment and project. The range of a fairer price was between $0.20 and $0.40.
The current price, 2 hours after trading opened on Binance, is $0.31.
Many people ask if it is worth buying now and if the price will go up.
The truth is that in launches there is very little data for analysis, both graphically and regarding the quality of the projects, which still need to be proven.
The level of speculation is extremely high and, if you are going to expose yourself, know that:
1. There will be great volatility. This is good and bad. Make strategic entries and don't try to catch the falling knife.
2. Never use a significant percentage of your assets for such high levels of speculation. The biggest mistake beginner investors make is to "bet". Think before, not after allocating your capital. The only one who will be responsible for your investment choices is you.
That said, I will share with you what I have done so far with the tokens received in the launchpool: I sold 50% and I will hold the other 50% while I follow clearer market signals. I do not rule out new entries into the token.
Do you have crypto soaring? He has. But don't be fooled. They are exceptions.
For now, Bitcoin still appreciates over the general market and this should continue for a while longer, until altcoins “go crazy”, if the history of past cycles repeats
Based on the data and comparison with other cycles, this moment is not yet characterized as the altcoin bull season (altseason), but rather Bitcoin Season.
This is the initial phase of the great upward pull in the cryptocurrency cycle.
First, Bitcoin rises and, even with the creation of thousands of new cryptocurrencies, increases its dominance (market share).
Then, the main altcoins begin to rise even more than Bitcoin, beginning the second phase.
Finally, rising even more, the smaller altcoins appear. At this point, Bitcoin's dominance has already declined and the best narratives have reached their peak in value. This period usually lasts a few months.
In your opinion, when will the altseason actually begin?
Elections for now point to a very close dispute between Trump and Kamala.
Although Trump is ahead at the moment, Kamala has more popularity in states that have not yet started counting.
The crypto market notably leans in favor of Trump, who supports $BTC
The next few hours should be very volatile. Fasten your seatbelts and keep in mind that nothing is definitive for the market. In the short term, results make a price. As time passes, the effect dissipates and the narratives adopted change.
If we haven't had him with us for 30 years, I can only be grateful for at least having seen this moment up close. Emotion takes over and there’s no way it could be any different.
On the same day that the largest decentralized currency on the planet, Bitcoin, reaches an all-time high, the Brazilian state currency reaches its all-time low.