Babica Yaga
Untermensch genetic trash
★★★★
- Joined
- Jul 28, 2020
- Posts
- 3,310
When I told you degenerates to invest in BTC 5 months ago, when the price of a BTC was $18k, I was 100% convinced it was going to pump to $50k+. And well if you listened you'd have 3x'ed your money by now (or more) since BTC is currently hovering around $60k. Despite truly believing in this technology - it really is revolutionary - the only thing the average Joe sees is $$$ signs in their eyes. Therefore, I pre-emptively hereby want to warn you boyos who are invested in Bitcoin/Altcoins, because we've arrived at a tipping point in the bull market. I want to preface that I have no crystal ball, but what I expect to happen is that retail FOMO will soon start to kick in once Bitcoin reaches $70-80k. It will probably reach the $100k psychological barrier, after which I expect either a correction back to $70-80k or a major crash back to $20-30k. I personally think it will be a correction to $70-80k followed by a big run to $150k-200k, and then a massive crash back to $50k.
I've been following the crypto space these last few years since the 2017 bull run and everyone only cares about one thing: $$$$$. 95% of people do NOT care about increasing their Bitcoin portfolio, they only care about increasing their fiat portfolio (which will literally be worthless in 10-20 years time due to hyperinflation). These people will lose all of their money when the next crash happens because they will panic sell once a >50% correction occurs.
Nobody cares about the technology even if they say they do. "iM In iT FoR ThE TeChNoLoGy". Yeah you're in it for the tech until it crashes 90%, then you will be screaming "ponzi scheme". A lot of people also say "this time is different because institutions". While this is partly true, these institutions will 100% dump on your ass when times get heated.
In conclusion, if you're a crypto holder, probably consider selling some now/cash out your initial investment OR watch your gains most likely go down the drain. In the latter case I hope you don't mind getting rekt, however if you just HODL for the long-term I promise you this will be the best investment of your lifetime (given you haven't roped by then). Advice for newbies in the space: don't look at your USD amount, look at trying to increase your worth in Bitcoin.
I've been following the crypto space these last few years since the 2017 bull run and everyone only cares about one thing: $$$$$. 95% of people do NOT care about increasing their Bitcoin portfolio, they only care about increasing their fiat portfolio (which will literally be worthless in 10-20 years time due to hyperinflation). These people will lose all of their money when the next crash happens because they will panic sell once a >50% correction occurs.
Nobody cares about the technology even if they say they do. "iM In iT FoR ThE TeChNoLoGy". Yeah you're in it for the tech until it crashes 90%, then you will be screaming "ponzi scheme". A lot of people also say "this time is different because institutions". While this is partly true, these institutions will 100% dump on your ass when times get heated.
In conclusion, if you're a crypto holder, probably consider selling some now/cash out your initial investment OR watch your gains most likely go down the drain. In the latter case I hope you don't mind getting rekt, however if you just HODL for the long-term I promise you this will be the best investment of your lifetime (given you haven't roped by then). Advice for newbies in the space: don't look at your USD amount, look at trying to increase your worth in Bitcoin.