Bitcoin is leading the way but it's not a bullrun until the alts follow in the same path.
Looks like we might be seeing the first shoots this week.
Bitcoin hits a new ATH. Big weekly gains across the board. Memecoins are gaining stupid numbers. Now all we need are the first time investors to come in and pump all the existing bags to really have a home run.
Will greed and FOMO have the same effect as the previous cycles or have people gotten smarter and will do some research into what constitutes a good investment and buy accordingly? Doubtful but who knows.
If we follow the same patterns as previous cycles there are bound to be a few bolters from the lower leagues. Trying to find them is the reason that so many people lose money in bull markets.
Sometimes seeing all that green is a false flag and gives people a confidence that shouldn't be there. It's easy to pick winners in a bull market but holding onto it is the hard part.
Can we make a decent profit this time around and cash out at an appropriate time? I would like to think so but it's the hardest part of building portfolio's. Knowing when to take a profit in the middle of all the green.
Stables and Bitcoin is the long term plan for me.
I think that we will see 1M Bitcoin at some point in the future if we keep going down this path. With large companies and countries now buying up large amounts of bitcoin combined with the devaluation of the major currencies it looks like a better bet every year.
So working my way to a full bitcoin is on my long term goals. That and 1M Hive are where i would like to be at some point in time. If we do get a bull run over the winter it will be a good chance to sell into stable coins and wait for a large enough dip that it's worth buying more Bitcoin.
Today's headlines.
Bitcoin Touches Record-High $85K, Adds Almost $20K in a Week
MicroStrategy Buys Another 27,200 BTC for $2B; Bitcoin Profits Sit at $11B
Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard Chartered
Bitcoin reaches record high near $85,000 as crypto, Trump trades dominate stock market
Nice to see positive headlines for crypto again.
Feels like it's going to be an interesting year now that trump is back and apparently pro crypto. Whether he is or not is yet to be seen.
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