A new investor who is experiencing the first run in the Crypto Market asks "It's been few months that I have invested. Why don't we see the parabolic run everyone talks about"
- It is a Crypto Market & not a Magic pan. It takes time, things don't move overnight that you achieve your targets.
You will have to accept it, and will be in a better position to understand this in your next run incase you hold on to your bags this time around.
I am not sure, I am not an astrologer who predict the future. Hell I am not even sure what will happen by end of the day.
But that does not mean I should not give it my best shot, I am giving it my best shot by buying the Altcoins I believe in, the altcoins I believe can give massive returns (But is it guaranteed? Not at all.)
I am just an investor with my fingers crossed for the Bull Season in the Crypto Market. If it plays out the way we assume, we will show as if we predicted it right. If it does not..... (Honestly have not thought about it)
The biggest mistake an investor does in the cryptomarket is comparing their portfolio with others, also looking at others do DCA and you not be able to do DCA.
Well stop comparing and start believing in what you hold. Stay updated. The market when bounces back will break the previous levels from where it started to fall.
Stay Humble and Stay Focused. It is not advisable to invest more than you can afford to lose but what is advisable is showing patience & keep a track of your investment.
It is not guaranteed that we will see those massive gains, but not preparing for it can be more dangerous.
Jokes Aside: This is tough times in the Crypto Market, you might choose to exit and not be a part of the journey. The final call is yours.
As far as I am concerned I am buying every 20% fall in the Altcoins, when I will not able to buy I will just rather HODL them and give it time till 2025 to shine.
Understand we are not even 100 days from Bitcoin Halving, we have seen the highs, we have seen the off the cliff rise in the prices as compared to 2022. But when it falls back we start to wonder what happened.
As I say in all my videos "I have not seen the future, but that does not mean that I am not prepared for what is to come in the future" Always be prepared for both upside and downside so that you can sit back relax and enjoy.
It is actually too early to say that the Bull Season is cancelled, it is too early to say that we will see the parabolic move. It is the time to be prepared for what we see next, and as per the news & Data the Q4 2024 should be rocking everyone who exits now.
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.
I think the ONLY thing you should NOT be doing right now is turning your back on crypto.
Yes it’s a bit boring now but it’s ESSENTIAL to be planning your next move.
It’s 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.