Hello folks, are you still HODLING all your crypto's? I am and I'll tell you why. It's not because I understand the market's, it's not that I think that BTC will moon and carry the rest of the crypto market along with it, it's because im an idiot that can't sell. I see BTC 12x and ETH x15 from Mar 2020 and think it's going more, BTC has not even broken into 6 figures yet FFS, plenty of gas left in the tank. At least I know im an idiot which is more than I say for most.
There are alot of scared investors out there in crypto land this week (PUSSIES!), they see the prices of everything they hold dear get destroyed and shit themselves, "OH NO, SHIB is down 30%, I better panic sell". All the time the whales are snapping it up knowing that another huge run is on the cards. They know because they are the ones pumping the market, it's not that hard if you have access to shit tons of money and have no ethics. Now, im a simple man and I can not see these tops and bottoms as they come and go like these trader smart pants people. When BTC first hit $65k in May, I thought we were headed to $150k but it dropped by more than 50% and I thought, hmmm...weird. And then around 1 month back, the SOB BTC hit a fresh new time high and again I thought, we're headed to $150k here but here we are today and it's dropped 30% since that point so right now im just like fuck it. It goes to $1 million someday, im rich as a motherfucka and if it goes to zero, I'll carry a grudge/chip on my shoulder around if what could have been. baa-hahaha
I ain't selling shit until BTC is over $100k, ETH is over $8k are HIVE is over $3. That's my game plan and im sticking to it. I could not care less if BTC hits $400k, ETH hits $20k and HIVE moonshots to $8-10 per token. If them prices come in, im out and i'll be happy with my profits. Selling at those prices should let me buy back in cheaper after the ass falls out of crypto and we head into another crypto winter.
Let's all pray to Plan B and pray his STF model is not broken.
I have added in a line doddle to repeat what happened very roughly in 2013 and 2017. The model is normally pretty good at giving a rough idea of where BTC is. I look at it and im baffled, confused and left thinking, when will it smash that red line that represents around $88k. If the top is already in, this model is fucked and BTC will be under $20k this time next year. It'll be back to eating boiled rice topped with fried eggs & spicy ketchup for a few years to accumulate more BTC and ETH. No steak for SSUK ðŸ˜
So to all you smarty pant traders out there, what's the craic? what's happening and what will happen in the short term? Do you think the top is in already are do you think there are still weeks or even months left before we see the market top?
Im just going to HODL my bags for now and wait. If I've missed it, whatever, I'll wait another 4-5 years and BTC will smash a couple hundred thousand and then it'll be too much to not cash out. House prices by then will probably have 3x'd and we'll have a few $10 trillion+ companies on the stock market as inflation continues to, well inflate the prices of property and stocks. Why no pumping the silver and gold? 😂
For those who have been around since 2017, does it feel the same as 2017? I mean this bullrun. I remember 2017 being crazy, we have way more stuff now with defi and NFT's but on HIVE, I feel like it's just the same olds faces and no new fresh ones. In 2017, tons of new users joined STEEM, this time around, not so many. Maybe it is the same and i just dont see it as i dont post that much anymore.
Anywho, what's your thought's on where the crypto markets are at right now