All the way up
So BTC broke its all-time high again after doing some pump and dump at the start of the month. If you ask me, now is a great time to be a Bitcoiner.
The feeling of knowing that the pump is almost inevitable, and going to bed knowing that there is a good chance that BTC will do 150 to 180k in the next 3-4 months.
People want two things in crypto: certainty and profit. Unfortunately while there might be profit in alts, way more than we imagine, there are lots of uncertainty, and these uncertainties can maybe anyone go crazy..
On the other hand,BTC provides this (profit and uncertainty) Most importantly that type of certainty that guarantees you 99% upward movement when the time is right. It's free from FUD, free from the side talks YouTubers and crypto influencers.
Not a lot of people wants the stress or the emotional trauma that comes with altcoins, and this is what births BTC maximalism. If you think there is another reason, please let
me know.
Don't tell me it's due to the tech and BTC being alpha. Personally, I value the predictability of prices and the ability to sleep soundly at night. We mostly predicted that this would occur.
Sell in May
I mean, almost everyone knows that May would have been another pump month for BTC and the alts crawling behind, any layman could have predicted it, so I'm not really surprised it's worked out like this.
The idea of selling in May and moving away appears to be a recurring theme in this cycle and any other cycle. It's proven once again that the market seems to be in play and should turn out like the previous cycle.
No reason to pump
Again, people are asking why we're pumping, I mean why BTC is pumping, and they forget it's the literal bullrun year. I guess everyone is still thinking about the stagnancy we have experienced over the last four years.
There is literally no reason for the market to pump; it is following the pattern it should, though we can not deny that Trump's tariff shenanigans have caused some instabilities in recent months, but these are just short-term catalysts that appear to cause price declines.
Catalyst here and there.
In fact, thanks to Trump's tariff issues, many people have a low entry point, and the way the market is going, it appears that the patterns are repeating themselves.
I am not a genius; I am simply predicting the most obvious thing: BTC will do another x0.5 before November.
However, the alts are the most difficult to predict; we do not know where we are going with them because they have not aligned the way we want them to so far. Although it is still early to worry, one ray of hope is ETH.
The incredible recovery it accomplished in just a week or so is reminiscent of the types of pumps that occur with alts: face melting and nose bending.
The type of pump that people sleeps and wake up and their bags have done x3 gains. Good times in 2021, and they were impressive. Unfortunately almost everyone who experienced that pump no longer believes in anything. It's easy to guess the reason and we all know why.
Touch some grass
However, it's a day to celebrate BTC. Even if 70% of people are not as thrilled, it is still a sign of good things ahead.
For the time being, I would like to avoid making predictions and instead observe events as they unfold. This is not to say I no longer care. I just want to continue educating myself and studying how the market works. Happy BTC pump day! Take some time off and be happy for our brothers who are having a great time with their BTC portfolios pumping hard.
Interested in some more of my posts
Why Is the grind getting harder?
Monopoly Is the Death of Civilization
Survival: Choas and Scarcity
Crypto: Gut & meaningful Connections
What is the primary barrier to entry in Web3?
What Are Some Things You Should not Do During A Bull Market Year?
This morning there was a nice adjustment downward on BTC which is to be expected. I think it's going up a lot more in the next few months as well. The problem is the alts, this time around everything has been different. Is it possible we won't see a huge gain in the alts this time around? Who knows? At this point it's all becoming almost a guessing game with all the instability in the world...
You're right. The certainty that comes with BTC is almost not present anywhere, but I think this is mostly because of the people pushing the "no-alt season agenda" and not because the market is busted..
However, there's still a long time to go. I went away at the beginning of 2021 and only came back around August of that same year, and the market already pumped as much. Nowadays I'm paying attention to technical analysis and not listening to regular people.
Overall, the only thing we can do as lay man is to predict and hope.
Governments are entering the btc world, that makes it much safer, imagine if the US started accumulate hive...
That's true. In terms of gains I think you're right, but in terms of decentralization, it's not such a bullish sign, not who cares, since profit will be made.
Congratulations to the Bitcoiners. I'm still gathering $ to buy some. 🤣
Well I wish you the best with it. BTC is a steady investment, you're sure to win, but you might not make so much.
Let me go and gather money I'd use to buy bitcoin, I don't want to miss out 😀.
It's 110k already lol. In December 2022 it was at 20k. If you'd put 20$ then, you should have about 205$ or a little bit more.
It's great to see the new ATH, but I wonder if the sell in May will apply to crypto. It is a different beast.
Well, from what it looks like, May has been a bullish month for BTC. I think the next few months will even be better, we can only hope the market aligns the way we want..
Hello @jose...its good to still find you active and still running in this energy ...you're really a genius in this art
Thanks
Thanks man...pls check discord
Very well said
Your analysis shows a deep maturity in how you approach the market.
ETH's pump is definitely a ray of hope for alts or a prelude of what's about to come in the coming months. It could be the PTSD of last bear cycle is one of the reasons why many users haven't realized that the bull market could blow off soon enough.