Unsure of what happens in September. My guess is some chop initially and finish the month strong.
I think October will be choppy though due to election uncertainty. Not sold on the pumpy month most are expecting.
November and December is when I expect things to get real fun though. The markets will pump at least initially regardless of who wins the election.
I believe we already had the lows in August but I expect one more dip in the next 6 weeks which will likely be the last chance to really load up before eoy.
Forget about the short term, whatever happens the coming months will be bullish. Dips are for buying.
You know a play is going to 3-5x over the next 3 months but thereâs a 50-50 chance it dips another 10-20% before it starts making the move up. Do you:
Capitulation on $Vista after a coordinated attack in tg and discord. People got scared as there were no mods around. Nothing substantial and you have fresh wallets loading up again
100k buy just now.... These freshly funded wallets have repeatedly defended the floor.
Performance of $Neiro has been impressive to say the least and itâs undeniably the leading meme right now:
-Currently doing $1bil of vol on cexâs combined -Has 10% of vol of btc/usdt and 50% vol of sol/usdt -Beat out competition from 10+ other Neiros -Reached 200mil in 6 days vs 10 days for Pepe -Fastest meme to be listed on Binance, OKX and bybit. This shows you the connections the team haveâŠ. -Backing of Shib team as well as og doge and shib holders.
And all of this during arguably the worst weeks of the market in the lowest volume periodâŠ..
Breakout from this range should take us to athâs again.
Fantastic extract by Peter Thiel which explains why businessâ are valued on future earnings potential
âA great business is defined by its ability to generate cash flows in the futureâ
âSimply stated the value of a business today is the sum of all the money it will make in the futureâ
This sums up how a lot of crypto valuations work too. Itâs all about what a project COULD potentially do in the future. We speculate on that through buying the token. The crypto AI sector is a perfect example of this where when it was hot the price appreciation was on speculation of future worth and not necessarily about what they were delivering now.
Now yes the difference is majority of crypto projects donât generate cash flows and are totally useless but this extract helps to understand how the valuations work and why itâs not necessarily always about the now.
A further reason why I think we're about to see a shift to utility is general trader confidence.
Following tough periods in the market, trader confidence is reduced as there is no clear trend.
When confidence is lower, it's easier to build conviction when there are metrics to fall back on, or at least some perceived substance behind the play.
This is also partly why we had runners like Rlb and Unibot during the depths of the bear market, and why we see the opposite during high confidence periods where more speculative plays like memes and Ai run.