Hi readers
How good is this market.
In the stock markets cracks appear and the FED puts band aids on the wounds.
In the Crypto market all the geniuses who have been buying the dips at $50K and $40K are telling everyone who will listen to buy the dips and now its at $31K.
Even those who became instant millionaires and bragging about how easy it was now have in a way just gone quiet or begging Micheal Savior or Elon to put something on twitter to rescue the bitcoin price.
Microstrategy has already bought its Bitcoin and there is no one left to buy it .
I said it before you can't have a 50% correction and be still in a bull market, no such thing.
Definition of a bear market is a 20% correction, (but its crypto so double it 40% ) then put a little more sauce on it for spillage 5% which comes to 45% then whats 5% between friends and that's how I work out my 50%.
So while all these geniuses are right in a bull market, we are not in a bull market any longer, its been my view and I intended to wait for my prices to buy back.
Sure Crypto market could bounce back up but I'll be surprised if we see $60k again until 2025.So before you all consider an investment in the asset be prepared for a long wait. Tax time is also arriving and while many think the governments cant touch you think again, Crypto is the most easiest asset to track, its for this reason regulators have no intention of regulating crypto assets going forward.
Because after 2025 crypto market will explode year on year, but until then there is a good 1000 days before and anything can happen.
Yes there are some ALT's that have got my attention as they are far lower than what I bought them in 2019 but I am happy to wait on them.
As one person said to me if Bitcoin falls everything else falls with it.
So wait its not even an accumulation period either.
There are plenty off sellers and no buyers, also with Grayscale the once heavy buyer is now looking to offload as institutions refuse to pay the management fee demanded by Grayscale.
There are some opportunities for trades coming up soon but they will be short and sharp and prices will fall again.
Don't get upset with the messenger I'm just posting what my Astrology is showing.
Disclosure I hold 100,000STMX 4.5-5 cents AUD
Short Bitcoin $39,845 average price
