The Most Wonderful Time Of The Year!
But not in Crypto!
Every year around Christmas the Same Dip....
You know what I hate most about crypto, that it´s teaching me a very important life lesson, well it teaches me many but this one is the most annoying:
Be Patient BitcoinBaby
Not In It For The Tech
As I said many times, I am not in crypto for the Tech. To be honest I don´t give a carol about The Tech. I try to understand it high-level but as soon as we go into protocol detail mode I switch off.
Years ago, a good friend talked me into it.
Told about profit and the future of blockchain, I basically only heard:
I bought me some BTC, and did not touch it. Damn, that was so exciting!
No indeed, it was not. Or at least not for long.
- Going to an Exchange? (What The F Am I doing Here?)
- Sending $1000 to the Exchange! (Am I really now sending $1000 hard-earned cash to I don´t know who, with no guarantee or whatever?)
- Seeing $1000 magically appear in my account (At least I did not lose it before I bought something)
- Making a $750 BTC purchase (Hell, I did not spend $750 in one go on anything in years)
- Seeing that I know actually own $750, no wait $740, no $744, no $735 BTC (I own BTC for a minute and already lost $15????)
- Have my friend tell me about NYKNTC
And that was when it got really exciting, moving $732 BTC of the exchange into ......nowhere basically.
I followed the instructions, did everything right, and after a day I had $0 in my wallet.
Now that did do something to my adrenaline, I asked my friend, without success.
I asked the wallets service desk and eventually, they said it should all be good.
If good look like a big
I accepted my loss, and did a reset or whatever it´s called on my wallet so it would check all previous transactions....and thank the world of 0´s and 1´s there my magical internet money appeared $764 BTC.
That was also when the fun ended, no more adrenaline for you Baby!
There Is More
If you paid attention you would go like ehhh $1000-$750= $250 where did those go?
They did not go anywhere, they never left the exchange....that year.
Those $250 were the start of my crypto addiction, or more my daily adrenaline shot. I started flipping those $250.
- Buy Low
- Put in A Sell 10% higher
- Sell
Over a year I turned those $250 into $2000 repeating the same shit over and over again....and then?
Indeed around November 2021, I sold it all.
Actually, I sold a lot more because over the year I made more but I never sold those BTC that went into my wallet.
I took out all the money I invested and kept the rest in stables it must have been like 8-10K.
Then I got bored being patient.
The Downfall
Yes, I sold the top, without knowing, by just following my gut....what a strategy!
Unfortunately, people talked about a Super Cycle and how we would see BTC reach 100K.
And I bought the dip that kept dipping....
At the most dippiest moment, I had no stables and was still $700 in profit. Not bad for a baby, but it sucked badly knowing that I messed up completely.
In Cycles We Trust
That is when I started learning about global economics, narratives, and Bitcoin Cycles.
Not about the Tech, I leave that to the:
Damn, I learned a lot. From simple Geopolitical impact to CPI, PPI, DXY, SEC, FED and how everything in the end impacted the:
But the most dominant factor seemed to be the cycle, and the mathematical growth, the diminishing returns, and how an infinite supply is stronger than a money printer owned by a bunch of clowns.
Bear Market
Yes, being patient in a bear market has its pros, it forces you to study something that provides you with hopium.
The Bear Market taught me a lot.
not just patience, not only how to live without adrenaline, or how global finances work. It showed me the bigger picture.
And now I am a financial Messiah in my own mind!
The Boy, The Baby, The Legend......
I grinded through the Bear and the Bore Market, I looked at my F Ups, I wrote my lessons learned, I studied, and I came back with a plan.
A plan and an investment 4X of what I put in the first time.
The Lore
That Dear Reader is the Lore, to this Don´t Sell Your Bitcoin series.
In cycles we trust, and the cycle will soon peak...how soon?
Now Soon?
Next Year Soon?
Well, that is the great thing about being a crypto Messiah, I just have to say soon and you can do with it as you please, thank you.
All the jokes aside, crypto is peaking most of my holdings are up 3-4X already. Of course, I know about previous markets, but the most important rule is to trust in cycles and not in numbers.
Yes, many coins did a 10-20X last cycle, but that is not a guarantee they will do so this cycle. It´s rather more of a guarantee they might not do so this cycle.
It is like ebb and flow, you never know if you sit far enough from the bloodline not to get wet when the tides change.
That is why I talk about selling every week for the next year, I started selling when Trump got elected. That was the signal for the start of the PARABO market...or Banana Zone for you monkeys.
This week I have been patient, I did not sell anything as far as I can remember. But my holiday prediction was spot on, although one day off.
That would mean that if my prediction holds, from Jan 2 to Jan 5 we will see a nice upward trend probably reaching 110K BTC and possibly beyond.
For now, I Hate Crypto X Mas but try to be patient
I will try to enjoy a low-liquidity Xmas.
I will try to not check my wallet every 10 minutes.
I will join the conversation and explain to those No Coiners what 5X profit in 5 years looks like in terms of money.
But above all explain what 5 years of crypto looks like in terms of learning.
Oh, and next week I will answer a question my good friend who got me into crypto asked me.
How Does A Dumbass Baby like you know what to buy?
Just in case you are curious.
:✳ 🎀 𝐻𝒶𝓋𝑒 𝒜 𝒩❁𝓉 𝒮🍩 𝐻𝒶𝓅𝓅𝓎 𝒞𝓇𝓎𝓅𝓉☯ 𝒞𝒽𝓇𝒾𝓈𝓉𝓂𝒶𝓈 🎀 ✳:
Thank goodness you made it till the end Pees, Love and I am out of here!
Previous Chapters
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - Did This Poor Baby Make A Profit On The BTC He Sold?
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - I Sold My Bitcoin
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - To Buy or Not To Buy The Dip???
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - The Top Is Not In! Says Who?
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - Am I A Fool For Selling Already?
[ℕ𝕖𝕧𝕖𝕣] 𝕊𝕖𝕝𝕝 𝕐𝕠𝕦𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 - Sell Into "The Gospel of Greed"
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