It as started already with people guessing when they think the end of the cycle will happen. Like always many will sell too early and many will be left holding their bags. My feeling is that these are worst case scenarios when people listen to others not using their own common sense. If this is you then you then you could miss the entire event and it would be entirely your fault and not those guiding you on social media. You have a brain now use it.
Crypto is not a group effort and if you think it is then you are very mistaken as most crypto people are fueled by greed and fear. You have to wonder why anyone is even discussing this now and kind of reminds you of the people thinking they are smart calling the bottom 6 months early. All of them are morons looking for some attention.
We all know there ae going to be corrections before we see the ATH sometime next year and if you recall we have seen dips of anywhere between 25% and 48% happen. How would you feel if you listened to the fools on social media and sold 3 months too early missing out on something you have been working towards the entire cycle.
The reality is no one knows the exact timelines and one needs to just pay close attention to the flow of money. This is easy to cock up and why you cannot wait for the peak of the cycle. No one can time the exact top or the bottom and why you have to use your own judgment through paying attention.
We can rely on history to guide us along the way even though may say it is not exact, but kind of mirrors what we should expect. It won't be identical, but it should be close or at least as a worse case scenario be a rough type of guide.
2010-2011 Bull cycle saw 3 dips larger than 20% before reaching it's ATH. On the 6th November in 2010 BTC reached an ATH then dipped by 50% over the next month. This was followed by another 3 months which saw another ATH. 37% was lost over the next 50 or so days only for another ATH to be printed. Followed by another dip of 30% over a 1 week period only to go back up again within the next 2 weeks and take just a few days short of 1 month to achieve the new ATH.
Historically crypto as been very volatile and experiencing a 20%-40% dip is common especially in this part of the cycle. Corrections take time to recover and why many will be calling for the top when it is not the case. This could be part of manipulation taking place trying to pick yup your coins cheaply if you sold.
Common sense is your friend and listen to your gut feeling and do not be caught left holding the bag. Dollar cost averaging is always a good technique to use when exiting your portfolio positions. Will this cycle be as volatile as the previous one's and we have no idea is the simple answer. All we know is here is going to be a truck load of money coming into the smaller caps if Bitcoin does surpass $150K-$200K which is highly possible and that type of spending power is going to change a small altcoin cap very quickly.
Posted Using InLeo Alpha