𝐑𝐄𝐊𝐓 𝐈𝐧 𝐏𝐞𝐚𝐜𝐞 - People Panic Selling???? I Thought I Was The Cry Baby

2TSj...cEUn

12 Jul 2024

132

I said it before and I say it again;
In cycles we trust!

That left translated cycle has been binned, just like the 2021 super cycle was binned.
In Cycles I trust, in the narrative: it´s gonna be different this time I lost my faith years ago.

Sideways since April

We are back in the boremarket, well it feels like we never left. Still, zoom out and see BTC above 50K while you and I bought at 20K. ETH at 2900 dollars while we bought at 1500. So we are still up 100%..... in those two at least.

ALTs have been painfully bleeding, but that is what ALTs are for.
Bleed & Moon that´s all and while we mooned a little in March I did not take enough profit.
Probably 10%, and bought back too early, still several of my bags are bigger now than they were in March....without adding any fiat.

Well not till last week, when all my dry powder was gone and I wanted to buy that 54K dip. I had a baby plan, by 250 dollars below 55K and another $250 when hitting BTC will be hitting 50K.

50K BTC?

50K BTC is very likely to happen before we pump in OCT. Although normally the low comes at the end of June or early July, but we are still early.

ALTs are a bargain atm and I am seriously thinking about buying more, this is the Pre-PARABO point exactly when expected, perfectly aligned with the 4-year cycle.

Cry Babies & Bye-Bye Letters

I consider myself semi-detached from my emotions so I do not understand all the emotions when we go up or down. I feel the dopamine, the adrenaline of pumps and dumps.
But man.... I have seen so much negative sentiment during this latest correction. To be honest I truly don´t get that type of pussy behavior, that triple top and now we are back to bear market nonsense.

Do those fudsters truly believe their own cry-wolves?

Wasn´t it obvious that the market needed a great reset? Come on in cycles we trust and that BTC ETF pushed the cycle a bit too hard, so now the cycle is pushing back. BTC is math and fundamentals. This is all as per design. Because fundamentally we are in perfect shape, and in the end:

BTC ETF Bought the Dip
ETH ETF soon to kick off
Presidents talking about crypto
Rate cuts coming
FTX repaying 16 Billion in USD
Fiat printers printing
Governments selling BTC on exchanges

Did we ever see that level of adoption before?

Cons

MT Gox repaying in BTC and BCH
Retail still not around

Long-term MT Gox is a good thing because people have been like the Winnie The Pooh donkey looking at that MT Gox cloud for way too long!
Retail, build a 100K BTC and they will come. Holidays are halfway done BTC, Q4 is looking very tasty and you know what. Bitcoin is still worth twice as much as last year and 3 times what I paid for it in 2022.
May till Aug always sucks and always will have a dip and offer a perfect buying opportunity. I even could not resist just putting in a little bit. And I have not done that since September 2023....

And you all know what happened from October to March. I tripled that money. If that is not an as-good-as-certain indicator for success I don´t know what is.

Therefore I do not get these Panic Selling cry babies, I mean do they want to get REKT in Peace? Are they willingly committing financial suicide?

The odds are obviously in our favor, we are not playing against the house... we are playing against a House of Fiat Cards.

Bikini Bottom Line

The world has lost its faith in the Almighty Dollar and no coin is ready to replace it since smart money understood the meaning of decentralized.

Now I am no Maxi, and I am not Michael Saylors little brother.
I see enough flaws, but the good thing is that all other candidates have more flaws... so for now it looks like there is just one option if you want to get out of government-dictated fiat.
Still one piece of advice to all the panic sellers, if you were not willing to lose it all when you got in the first time.... you got in for all the wrong reasons.

Making money is a game, and you gotta be in it to win it and willing to lose it all.
If you don´t have those balls, spend your fiat on government bonds and get REKT slowly and on purpose, because they will make sure you lose it all and don´t even notice.
Okay now I think I have been very clear, yes 48K might be in the cards, and yes so is 100K BTC.

All you have to do Dear Reader is be a non-cry baby, and a buy baby just like me.
Thank goodness you made it till the end Pees, Love and I am out of here!