Dear invisible friends,
I want to address all of you with the utmost respect and consideration. Lest anyone accuse me of being at a loss or being a pessimist, I can assure you that my profits outweigh my investments. Even if I lost every last coin (except Bitcoin), I would still be winning. I say this because before I write what I am forced to write out of common sense, I want you to know that I speak from experience and knowledge of the market.
I know the experiences of the past, especially the terrible experience of 2022 and the sad correction after March 2024. I will only leave this writing to save my responsibility to the thousands who decided to follow me. I suppose that the newer ones have already learned the lesson of taking profits and I am very happy that they are winning.
Based on Bitcoin's historical behavior, you must know that there will always, always, always be a significant correction after reaching new all-time highs, like what is currently happening. I have no doubt that Bitcoin will continue to rise, but before continuing to go up, Bitcoin tends to fall. I can't know when it will happen, but I can give you an approximate time based on how it happened in the past and how much it fell in the past.
Historically, Bitcoin has experienced corrections of between 30% and 50% after reaching all-time highs. For example, after the all-time high in December 2017, Bitcoin fell approximately 84%. Major corrections usually occur within a period of 4 to 8 weeks after reaching a new high. The transition from December to January has been a volatile period for Bitcoin in the past. In December 2017, Bitcoin reached its all-time high and then began a significant correction in January 2018. This pattern has repeated in other years, where the end of the year and the beginning of the new year have been periods of high volatility for Bitcoin.
It is important to note that when Bitcoin corrects, it drags altcoins down with it, and these often experience even sharper declines. In 2018, many altcoins lost between 80% and 90% of their value after Bitcoin's correction. For example, Bitcoin's all-time high in 2017 was followed by a significant drop in January 2018, severely affecting altcoins.
No one desires an Altseason (ALTCOINs season) more than I do. With an event of this magnitude, I would buy the much-needed tomograph. But the ALTSEASON is an event that, if it happens, considering the times it generated after Bitcoin's halving, would occur in the months of November and December of 2025. For those who cling to Bitcoin's history (like me), it is not the time for Altseason. What is happening now is the time to see altcoins rise in price dragged by Bitcoin. An ALTSEASON is a brutal increase in the price of cryptocurrencies, and I pray to God to experience it.
Be cautious and do not let the smoke sellers cloud your reason and common sense, especially those who risk a lot of money, which I know are not few, and who, driven by greed and market manipulation, end up in losses after being in profits. It is better to earn a hundred dollars than to lose a thousand dollars.
A hug 🫂
Jorge Ferrer
Bachelor in Business Administration
