Today is the day that I've been saying would be the top for Bitcoin for quite some time. I've actually been eyeballing today for basically the last 4 years. Now that it is here I don't want to sell any Bitcoin, but I may sell a tiny bit just to stick to the plan... There's a ton of bullish news out there and with December looking like it will be the MSTR inclusion period, I have mentally begun making excuses that my sell date should be moved to December 16th. We will see how that plays out for me, but I've definitely started watching the exits.
you thinking that such a prediction could be accurate amazes me actually...
What’s amazing to me is that this will be the fourth time it’s happened.
Don’t listen to me though. Watch this instead.
https://youtu.be/eCXaCSVhivI?si=M62NPB5I8NIX6tItWe are in bubble territory already and “the Titanic has hit the iceberg.”
I think we go higher, but looking back there will be a lot of people who wish they had started taking profits here instead of trying to time the top, which we will definitely hit in the next 100 days if we haven’t already.
Thanks for the video. Watched it in full.
I think that guy has a lot of valid points but it doesn't seem that he gets the difference between crypto and Bitcoin. He also sees Bitcoin as a risk asset and gold as the safe haven.
The talk about a new form of world trade currency that is on "a Blockchain" sounds to me that that will likely be Bitcoin.
If all what he says happens, Bitcoin is likely to come out as the new world trade currency / reserve currency, which means we will be in the millions per coin.
Selling BTC at a cycle top bigly is really nice but that's only half of the gamble. if you don't get back onto the train again at the right time, you can easily lose the (generational) opportunity of your lifetime.
I think none of his arguments destroy the value proposition of Bitcoin.
If you successfully trade the cycles, great! But that's not a safe strategy for everyone. I think that would be hodling...
It takes great strength and conviction, to see the cycle before us, let alone a cycle at all!
I personally believe we are on the last leg of this cycle and as stated before, I will be transferring some wealth in return for hard/illiquid assets, obviously fiat first...