[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - The Real Dip Only Happens Once Every Cycle
Last two weeks I focussed a bit on getting rich in crypto, and how I made my money last cycle.
Now I am not done yet, there are a few more things I can tell you about getting rich in crypto.
The first one is Never Sell Your Bitcoin, more about that later.
The other is to meet my Girlfriend.
My Girlfriend Volatility
My Crypto First Love!
From the start I fell in love with Volatility, she has been the sweetest thing in crypto that first year.
My guess is that I fell in love with her because as a kid I loved the buying and selling with profit game.
I did it irl with candy, and later we had an actual game on the pcΓ±s in school.
I always was top of the class.
Where else can you buy the dip and sell on the way up?
Anyway, that is what I loved. I still do it but I think I changed, let me explain.
Trader, Investor, Believer
First of all try to find those make-a-buck opportunities, because, during a bull market, there is a lot of FREE crypto to be gathered.
If you are not able to find those opportunities
Nah, just kidding of course there are options but you probably need a lot more patience.
Michael Saylor said something last week I could really relate to.
- He mentioned that he started a crypto skeptic.
So was I even when I put in my first 1000 dollars I expected to lose it all, within 3 months.
- Then in his first year, he became a trader as he noticed he could make a buck from crypto volatility.
That would be my advice, buy the dip, sell a peak...
I started with $200 and did the same thing over and over again. Buy at a discount sell 10% up, find the next discount.
Now you need to make sure that your country has tax laws that allow you to fool around like that but many do, especially if you play with a couple of hundred dollars.
- Then Michael Saylor said: in my second year I became an investor
And again I noticed that the same thing happened to me.
From flipping at a 10% profit, I became an involuntary longer-term holder, due to having to hold all the coins I bought too early throughout the whole bear market.
The positive part was that I flipped enough to turn that $200 into a $2200 profit by the end of the bull market.
So even after all those bags I was holding went down 90% I was still in profit.
Because stupid little me started buying when the bear market was just 6 months old.
The sunny side was that it was the start of me and my tactics changing. I started flipping less and holding more.
As a trader, I did not think long term, any 10% up is good and I will buy back in on the dip.
The plan worked although I missed out on some severe end-game pumps in that PARABO phase.
Not this time
This time itΒ΄s different.
I wait longer to sell.
I donΒ΄t buy back.
Or at least I try because buybacks are great, I got addicted to buying the dip.
That 15-30% discount smells so good, itΒ΄s hard not to. The thing is that an addict does not know when to stop."
Buying back during the last leg of the bull market is very expensive and you never know if you are gonna get that next selling opportunity.
I mean I still love Volatility, but sometimes she needs to be ignored to make our relationship more valuable.
Because I donΒ΄t want to blame her for eventually missing out on the real pump. Or that she blames me for being exit liquidity and calls me a worthless bagholder, again.
In The End
In the end, it does not really matter as long as you take profit along the way.
In my case, I bought every dip in the bear market. Every single dip, because all through the bear market I kept selling a peak and holding till we dip.
With Volatility by my side, I grew my bags. And I swapped some bags because they became old bags, and nobody wants an old bag.
Then when things heated up in March 2024 and all my ALTS started pumping I went cold turkey. I stopped, my heart stone cold, not buying any dip.
This was the moment I had been fearing for so long, I needed to quit. And I did.
Till last week when I noticed that both LTO and COTI were back at their January 2024 price, the pre-pump price. The bear market price....
And I sinned, I bought a little more...just a little, and only the cheap stuff. I would never buy something that is still 3X or more from its Jan 2024 price.
History Repeating
As said, last bull a $2200 profit just from flipping.
A 1000% or 11X, well done me.
Most of that money was made in the last leg of the last year, between September and December 2021.
Because in April 2021 I was at $1400 and then over those terrible summer months, it dropped back to $550, to explode in Q4 of 2021.
Many possibly very foolish influencers expect history to repeat itself one more time.
They might be right but should I take that risk?
The Math
In April 2021 I had a $1200 profit, which is only 60% of that 2K.
The thing is that the Q4 pump in 2021 was very short and shaky.
NAF but I personally do not feel confident with another shaky. I prefer to get 60% of my profit in Q1, hold some that did not pump, and hopefully take another 20% on those in Q4.
This means that if history is repeating I miss out on 20%, but at least Volatility will not call me a worthless bag holder... or worse
How Does That Future Look?
If you put all the FUD aside the Bitcoin Halving chart still seems on track. The final pump should be at our doorstep as we are moving from red to orange, which so far always meant PARABO.
If this repeats we will all be rich soon. And if you missed out my secret to this cycle's success is in this chart.
Yes that orange little snake, the realized price line.
Realized Price of Bitcoin: The average price that each coin last moved at on the Bitcoin network.
You see where in 2022 the green price dropped below the line?
The One And Only Dip
That moment last cycle is where I bought the dip, the real dip, people call it the biggest dip ever!
I bought $3.5K of BTC, and I did what all Bitcoiners do....
Because if you take a long hard look you see that the price only drops below the realized price for a little while each cycle.
That is the cycle bottom, that is when you want to buy the dip, not now.
My Profit This Cycle
Last week I showed you where I made my money in the previous cycle, and I promised full disclosure this week about where I made my profit so far.
My 4K BTC investment did a 5X since Tha Dip
My 4K ALT investment only did 2.5X, so far
But above all, No Shilling. No interesting affiliate links or sign-on bonuses so far.
Maybe I am just not looking in the right places but let me know if you have a good shill.
On the other hand, my shills started in March 2021, and so did the real ALT PARABO. all in line with the chart I shared earlier.
Therefore maybe the bottom line should be....we are just getting this ALTcoin Party Started.
Oh, I almost forgot that last part when Michael Saylor said:
- he became a believer???
He decided that he would never sell, now that never happened to me.
I am selling like a little mofo, I even sold $600 in BTC to buy some stupid pet rocks...ehh I think you call them ALTS.)
Currently, I sold 24% of my Bitvavo Exchange holdings, of which I want to sell at least 80% by May The Fith Be Fiat.
Results Of A Dumbass Baby Selling His BTC:
LetΒ΄s See:
Last week my $600 BTC that I swapped for ALTS would have been worth $83, and this week it did nothing! So still $683!
LetΒ΄s see what my swap is worth this week:
ETH Start $150: last week's worth $137 up 0.5 % = $138
Beam Start $125: last week's worth $67,5 down 1.5% = $66
SUI Start $175: last week's worth $192 up 7% = $205.5
SOL Start $100: last week's worth $130 ip 0.2 % = $130
Curve Start $50: last week's worth $33 up 16% = $38
This week's total: $578
I am still $105 down, which is less than the $135 last week. But one green streak does not make an ALTSZN.
Thank goodness you made it till the end Pees, Love and I am out of here!
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