refshateRaps wrote:Westside Gunn wrote:Does this jump have to do something with Musk and Trump being in government now?
I don't understand it as I mostly see it as a speculative tool. Ever since its first bump before 2020 and then after 2021 I still haven't seen a real use for it except speculation.
It's too bad I didn't do anything with crypto and I personally know a few people that retired in their 20s-30s with a couple of moves, while I have to wake up tomorrow to work. I was too broke to put some money into it anyway, now that I have some money it is way out of reach.
Once FOMO sets it you are best to become more of a trader instead of an investor and buy pull backs and sell strength to raise capital over the coming years before the next 'crash'.
Easier said then done depending upon your experience. But inevitably be nibble till you get better, follow the strongest trends to save yourself from pain during drawback periods, and have a big picture mindset that you are saving and raising funds to be prepared for the smaller crashes in the mark-up phase and moreso the next big bottom in 3-7 years to change your life in the game They gave us. The greater market operators will always exhaust those who buy late and create FOMO for those on the sidelines.
Also important to be careful of those online, a great number have alternative motives and are seeded to mislead. Follow your gut, even if its wrong as you'll learn your mistakes quicker then blindly following others. If what I say doesn't make sense to you, throw it out, as everyone's learning curve is individual and your gut will lead you to glory one day, thereafter. As far as Trump and Elon. Yes, this should be a lucrative period, in my very honest opinion they are the pied pipers, born into the club puppets meant to promote and better legislate crypto on the masses. As well as many other surveillance and control solutions disguised as good, to fix the problems being manufactured. None the less, or even if ones believes it to be all organic, this will be a fruitful time for crypto with them two on the stage.
Many other sectors in the markets will flourish and quite a few equities they have been clearly set-up to boom since 2021 still haven't kicked-off from the long term bottoms on heavy volume, yet. So if you know what to look for you can still change your life. I wont say more then this. But they are out there if you hunt.
Uncanny patience, the ability to continually observe all market phases, the ability to save cash and raise a bit of capital until the short and moreso the long term market pain comes will always unlock the ultimate game changing key to success in the marathon.
My gut and read has always expected this cycle to be 2020-21 with a larger upside coming after a period of consolidation once the initial break-out gets faded Could be more up into the holidays? But chasing to invest is asking for pain to come sooner or later. Again trader vs. investor mindset first, or at least a less ambitious, cautious investor mindset looking for dips and consolidation periods since the initial life changing, break-outs off a long period of low risk entries are well underway in this sector.
What do I know? Trust you own reads.
Good luck
We the Champs...
