If $BTC makes a new ATH it’s time to exit crypto until December.
This post might get a lot of hate,but I’m right.
If we see $BTC rally above $75-$80k region and pump ALTs 20-30% in the next month i will be converting 80% of my ALT portfolio to USDT, I will hold $BTC and locked BNB and a few other holdings I have from previous years,nothing more.
My reasoning(very simplified)
Most importantly I’m in profit on ALL my holdings.(we are here to make money)
If you follow in-depth financial news and understand it you know there is a storm brewing.(I could write for days, it’s to much information for here, if you know you know)
The market is saturated with absolute garbage projects sucking liquidity,face the facts ,95% of crypto is absolute garbage, the 5% that is not garbage has not been widely adopted enough to justify its current valuation.
I can name 10 reasons off the top of my head why we could see Crypto fall between now and December and other than the BTC halving I can’t find a single reason why we would see another parabolic bull run.
The US elections are nearing, I honestly don’t want my profits at risk because of the stance the next US president takes on Crypto,i also don’t want them in the hands of what Jerome Powell says in coming months.
We have had a bull run,a substantial one if bitcoin hits the 80k range and alts pump further, at some point market cap has to equate to value, we have projects valued at billions generating 50k a year in fees,its a bubble!
Holding BTC from previous years and locked BNB for me is a no brainer, bitcoin regardless of whatever comes will hold value, BNB is backed and also farms.
Holding USDT allows me the freedom to take a step back and research projects I think will actually have a future and worth further investment,I research daily but I would much prefer a non biased view based on what I currently hold.
These are just my thoughts I don’t want to influence your decisions in any way.
I will keep researching and keep posting regardless.
Peace
