If you are holding your bags of Crypto, I believe the hard times are over with us entering in July which has in the past closed in green more than red can be the start of recovery. But do watch out for few hurdles like the month of Sept and Mt. Gox. If the market tolerates that and does not break down, I believe we are almost there. Just few months left till you realise how good it was to hold on to your bags. The last Bitcoin Halving in 2020 Jul & Aug were positive with Sept in Negative and then we just took off. Fingers crossed for that to repeat in 2024-25 season.
When you invest in crypto, keep in mind that you donât only deal with the market
But with emotions too.
When people sell hype around the token, they buy it, which stimulates a bigger growth
When they see a small deep, most of them got scared and sell their bags.
When the trade gets to the point of x5, they get greedy, so they donât take any profit
When they see some founders giving some sweet promises, they believe in each of it without research.
Seems the competition is not so high⌠So thatâs the time for us to strive:
âŞď¸Treat crypto as a business and never let any emotions in âŞď¸Donât follow the crowd âŞď¸Understand some key metrics of when to buy and sell âŞď¸DYOR
Thatâs how you can get ahead of 95% of crypto space.
I think the ONLY thing you should NOT be doing right now is turning your back on crypto.
Yes itâs a bit boring now but itâs ESSENTIAL to be planning your next move.
Itâs so important to be super focused now on:
- What coins are holding up well against others - Social Metrics (which coins are still getting most exposure) - What sectors are still showing the highest relative strength
Your game plan:
After analyzing and finding the Altcoin outliers, do your research, assess whether you have conviction and position yourself accordingly.
I have said this time and time again, the market will frustrate you, it will do everything to kick you out.
But still if you stay in it, the gains will be good enough to remember these days where you were uncertain about the #Cryptomarket #BnbAth #BTC #bitcoin
A friend of mine just called and asked "How to buy Bitcoin?"
FYI: The retail investors are slowly coming in, I am waiting for many such calls once Bitcoin crosses $100K, and you know what to do when everyone calls and check with you on Crypto.
All I have to say right now is HOLD ON TO YOUR BAGS.
Everything is falling in place... The Bitcoin ETF's, The ETH ETF's.... Many more narratives to come. The demand is going to skyrocket with limited supply.
Anyone can easily say that we have just started, yes there will be speed breakers, there will be hurdles, there will be gap still. But eventually your destination is what matters and did you make it to your final destination will be the end game.
Stick to your basics - Study and stay updated regarding your investments, look out for opportunities (Will see very few going forward), and plan your exits (Many take it for granted)
Remember - The Crypto Universe is growing and the train has just started you can still catch it up, but don't be too late or try to onboard at top speed. You will fall down.