The Bitcoin Bonzana: "Let the Good Times Roll..."

Yesterday is a thing of the past, and today we're back in action! It's fascinating how the psychology of the masses works, and once you master your emotions, build your beliefs on solid foundations, and clear your vision from all the noise and distractions, you can leverage it to your advantage in the world of crypto.

Do you remember what Bitcoin was like when you first entered the crypto space? It was a $3,000 digital currency on the verge of being banned in China. Some saw it as a money-making asset for tech enthusiasts, while others hailed it as the ultimate form of sound money. Do you recall that conference with Pompliano and no attendees?

Imagine passionately preaching about the future importance of Bitcoin to an empty conference hall. You have to admire Pompliano's dedication in educating the masses about the true value of Bitcoin, rather than merely enticing them with speculative gains.

Larry Fink, CEO of BlackRock Inc., once referred to Bitcoin as an "international asset" and expressed a desire to make investing in cryptocurrency more accessible and affordable. Quite the transformation, considering back in 2017 when I first entered the crypto scene, he stated that "Bitcoin just shows you how much demand for money laundering there is in the world." A radical change of opinion in just a few years, wouldn't you say?

But let's not be fooled. Fink isn't delusional or full of it. He's simply serving the interests of the company he runs, which aspires to become a global investment behemoth. Don't for a second believe that BlackRock, now seemingly bullish on Bitcoin and even filing for a Bitcoin spot ETF, will start accumulating Bitcoin. Oh no, my friend. That's not their game. These financial giants hoard specific assets while publicly disparaging them. They understand their influence and the power of their words to sway the masses. Their strategy is to accumulate as much as possible while undermining Bitcoin, and once their bags are almost full, they initiate a pump.

Only a few astute individuals can see through this game, which is why they remain steadfast amid wild price swings. In reality, the most effective way to navigate the crypto market is to take a relatively long-term view. Buy when everyone is bearish, or at least pretending to be, and sell when the plebs turn bullish.

When unexpected acquaintances start calling you, asking how to buy Bitcoin, that's the time to start considering a dump. Remember, the majority is typically wrong, late to the party, and often on the sidelines when they should be accumulating. You'd be surprised how many potential crypto enthusiasts are still on the sidelines, waiting for confirmation that we're in a bull market.

WE ARE IN A BULL MARKET. We've been in one since BTC surpassed $15,000 and soared past $20,000. It won't skyrocket overnight, but the trend is crystal clear (at least to me), and it's wise to ride the wave until the trend loses its friendly nature. A few months ago, my internet pal (the gaylord himself who somehow managed to have two great kids with a biological woman), @trumpman raised the question of who would buy BTC amidst the societal turmoil we're experiencing.

Well, it seems that BlackRock is diving in, MicroStrategy is also diving in, and many cautious investors who want to play this game safely are doing so through these funds. The landscape is ever-changing, and with each cycle, a new narrative emerges that inflates our portfolios. This time, I'm determined to secure some profits, though 😀, unlike my experiences in 2017 and 2021.

According to BlackRock's CEO, Larry Fink, Bitcoin is akin to digital gold, while "Ethereum is the world's financial supercomputer, with $ETH serving as programmable ultra-sound money". Isn't that entertaining? If you're not captivated yet, you soon will be. Just don't sit on the sidelines now and avoid succumbing to excessive greed when the good times arrive.

The juiciest parts lie in between, and that's what I'm after... How about you?

Thanks for your attention,
Adrian

Posted Using LeoFinance Alpha