Post
Topic
Board Speculation
Re: Reverse Bubble 2021
by
raskolnikovx
on 26/05/2021, 21:42:12 UTC
I truly think we are slowly going into Bear season. As always, the bull-bear transition will not be clear and lots of indicators will point to a re-flourish of the Bull market. This is how these transitions work: if people could know for sure the rising is over, then everybody would sell. I started converting some BTC to stable when we first hit 45K and kept doing so from 45 to 62K. Right now I am mostly in FIAT waiting for the prices to go down. Just as I started selling my crypto at a point and followed a plan, I will start rebuying crypto from 35K and down. I expect to buy most of my crypto between 10 and 15K. Last weekend CMC reported 1T less market cap in relation to the moment in which I saw the highest MC ever, which was 2.4T. Now it's kind of unclear b/c Elon is our friend, Goldman Sachs is embracing crypto as an asset and Dalio is vouching for Bitcoin. This last weekend, however, the massive drop and the end of the bull was way more obvious. We will see, nobody knows for sure but my guts tell me we will re-discuss this a few times more with bitcoin at lower positions until we finally accept that this bull run is done.