As We Prepare (Hope?) For the Mother of All Bull Markets, the Wealthy Prepare For Hard Times
Interestingly, the two parts of the title are not necessarily in opposition.
One would think that the "mother of all bull markets" or even a strong one, would be on the other side of hardship.
When I say the wealthy prepare for hard times, we've seen news with the most visible of them building underground bunkers (Zuckerberg) or selling huge chunks of shares in the companies where they still are majority shareholders (Bezos, Zuckerberg, Jamie Dimon). Now, the latter situation may be simply taking profits at the right time, expecting a depreciation for various reasons, but that's an indication too, of what they think about the stock market going forward.
So, as our enthusiasm builds up into euphoria in the crypto space, they take profits on the stock markets. Or build an underground bunker on an undisclosed island in Hawaii, but let's admit Zuckerberg is a strange guy...
It's probably a good time to take profits in the stock markets, with ATHs for both Nasdaq Composite and NYSE Composite, and I'm sure they don't hunt for the absolute top, or they wouldn't find any buyers for a deal on a significant portion of shares they would want to sell.
If we look from the crypto side, we should keep in mind that enough big investors don't buy crypto for the staggering multiplying potential (although I'm sure they don't mind), but as a hedge for fiat or for other types of investments they have in their portfolio.
Those who invest as a hedge for fiat probably invest directly in crypto, not via an ETF.
This becomes an even more appealing alternative for investors with revenues in a non-USD currency, potentially with high inflation.
Before I started writing this post I did some potentially meaningless calculations, more like for fun than to use them as any indicators.
https://images.inleo.io/images/gadrian_rynJCsLG7NhSdDP4.webp
Since the bull market started, BTC has grown by roughly 3.6x. It's interesting that in the second phase of the bull market which started after the ETFs were approved and the price started to skyrocket shortly after a short pullback, to have the same 1.4x price increase as in the previous year of the first phase of the bull market, we'd need to see the price of BTC at roughly 93k. This means absolutely nothing, just an exercise for fun.
And to see that phase 1 of the bull market is not exciting, but when it comes to higher profits on "sure things", it is more important to buy in phase 1 than to wait for phase 2 when the price skyrockets.
Want to check out my collection of posts?
It's a good way to pick what interests you.
Posted Using InLeo Alpha
So from your analysis, BTC is still a firm buy under 93k?
93k doesn't seem far off considering the current market dynamics, such as BlackRock and noone can staph Mikey and MSTR.
It was a fun exercise rather than a prediction.
At this price (72k) and for the short term, I'd rather consider BTC hold than buy, even if it can go higher from here.
Lets hope it sky rockey even moare
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If btc reaches 93k, hive should pump up top, and maybe convert them to hbd at that point preparing for next winter?
Ah, I see people took that 93k seriously... It can be reached, but I was just playing with numbers.
Too early for HIVE to reach its full potential in this bull market. We'll have to wait some more...
This bull is becoming interesting day by day. I’m loving it though but it is sad that the price will go down after a while but we gotta make our profit now!
Big profits are made in the last part of the bull market. The question is if we can tell when that time will be. I prefer to take profits on the way there, but this is kind of early unless you want to sell and buy back if they pull back.
I am really rooting for BTC to actually hit $100k and we might see hive doing good at that time
Before the halving or in this bull market as a whole? Because they are two different things.
93k looks like a solid target. I think 100k might be a tough barrier to breach because of the number and I think people will take profit before it reaches there. I have no idea how much the ETFs will affect things either.
Well, I guess we'll have to wait for that number... Looks like the pre-halving pullback might have started... right on time, lol. Either that, or they want to shake some longs. But it's not aggressive enough for that.
These are interesting times we are in now. Both stocks and crypto are going up. So taking profit on one and entering the other is difficult. Stocks might be on the tail end though, with crypto just starting. As for the bunkers, I never really understood it. If countries fire off nuclear missiles, sure they can survive the impact, but the fallout and the years that follow would be horrible. It might be better to die on the impact instead of trying to rebuild the world again.
Yeah, I agree on the timing on the two markets.
It would be a terrible world to live in after that. Maybe death is preferable, but others may want to cling to life for as long as possible. I wouldn't want to be one of them, even though I don't have a death wish, quite the opposite.
However, in cases like Zuckerberg's, I wonder if this is a personal bunker or if he wants to safeguard some servers over there.
That would be a bit funny if that's the case. Hawaii isn't really the safest of places for servers, being an island and all. With the water levels rising, let's hope he is in the middle of the island.
Isn't it of vulcanic origin? It should have mountains/heights. Just speculating here, I have no idea what goes on in his mind, if that's even true, or if they just talk about it.
It is still an island though, so it will still be affected from all sides. And I agree, I don't know what goes on with their minds as well haha
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I saw the owner writing in Discord. He said he had some issues with the payment setup for hosting. It should be good.
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Hello, @gadrian. I hope the wealthy have hard times real soon. I'm tired of them taking everything from us. Is it true about the wealthy building bunkers and getting ready for hard times? Is this entire post just an exercise? Thanks for you info. Yes getting into cypto when it's not really high is the best time to start growing a crypto account. Have a great weekend! Barb !BBH !CTP #ctp
They always did, and maybe they always will. It's just that nowadays we are better informed than in the past, probably.
Zuckerberg is building or thinking of building (not sure which is it, it's not like they'll give us a tour) a bunker in Hawaii (no joke). At least that's what I read.
The others I mentioned (Bezos, Jamie Dimon, and Zuckerberg again) sold big chunks of shares in their companies. But could be just profit-taking with the stock market being at all-time highs.
Yes, @gadrian I believe it! In the past people built bunkers for an atomic bomb attack usually underground. The bunkers were on top of the ground sold at a hardware store LOL! I saw that on the TV series Project Blue Book! That is a really good series based on accurate truth during that time about UFOs. It took place back in the 40s 50s maybe early 60s. !BBH !CTP
Bunkers sold at the hardware store... Maybe we'll live to see that again... Although I hope not!
LOL 🤣 that's so funny @gadrian I hope not. No one would survive above ground near the fallout. Yes, I totally hope not. It's fun to joke it's comic relief and that's good. 😂 Did you see the movie "Oppenheimer". It is awesome and won the Oscar awards! It's an amazing movie worth watching and you can rent it online to stream. !BBH !CTP
Everyone is quite looking ahead for the bull market and what it has to offer to us at this season