Feed Your Greed, But Go on a "Caloric Deficit"

The Bitcoin spot ETFs are going to be the fire dragon of the current bull market. And yes, we are already in a bull market for well over a year now. I have not bookmarked any of my previous year's posts where I clearly stated, "this is a bull market"; otherwise, I would have linked some of these in this post so I could brag about being one of the first to call the bull market for what it was.

The problem with the majority of the crypto market participants (myself included in some instances) is that these people somehow expect a ring bell to make "an official announcement" regarding the season the market is in at a certain moment. The market will never scream bull or bear.

Markets boom on excessive worries and fear and bust on extreme greed. Same shit every cycle, same shit every market. Look at Tesla; it was believed to be unstoppable and yet corrected quite sharply after the 2021 peak. Competition is coming, and while for a while, it will do great, at some point, the insane returns will diminish.

NVIDIA is currently making waves. Even some of my friends who are not into investing or anything of this sort are talking about it. The market cap of NVIDIA saw a boost of $260 billion in one day (Friday), and the total market cap is now sitting at a bit over $2 trillion. That's t with a trillion.

I bet that sooner than later, the rally in the NVIDIA stock price will cool down, and NVIDIA as a company will see slowed growth as competition arises, or in some cases, becomes stronger.

Let's get back to crypto, shall we... So we are in a bull market, and this is what many of us have expected for so long, but we can't say the whole market is in a bull market on the same level of expansion. BTC has had quite a significant price performance since its bottom in November 2022, as mentioned in the introduction due to the ETFs hype, and there are certainly a few coins, especially AI ones, that are clearly doing great too.

But most of the other coins are not performing the same, and that does not mean that these will not have a bull market. If your coin is not pumping at the moment, don't panic; it will. They all are at some point, just that we are not yet in the everything season, and it might take a while until we get there, probably after BTC will pass by its previous ATH, whether that will be before or after the halving.

We see all sorts of coins doing insane rallies like UNI, for example, which has almost doubled in price in one day, and the tendency is (at least that was my case during the past two bull markets) to jump from one coin to another in the hope that you can position yourself on the right track to the moon. You are on the right track; it's just that the train hasn't arrived at your lane yet.

I have so many stories of missing out on insane opportunities due to not being patient enough, but it makes no sense to beat the old drum over and over again. What I would advise anyone reading this post right now is to be greedy as fuck during this bull market. The majority, once we are out of a multi-year bear market for altcoins, forget how easily altcoins can get wild and that these quite often have no ceiling.

To some extent, it is highly advisable, in my opinion, to be extremely bullish and to be open to insane dollar valuations for all sorts of coins. Remember what meme coins and NFTs did in 2021, but stay true to yourself and your portfolio and be fearful when the whole market becomes extremely bullish. Once your portfolio is 20, 30, or 40 times the value it was during the bear market and there's tons of hype around your coins, you should consider DCAing out of the market.

Nothing goes up forever. The rally might exceed your expectations by a large margin, but at some point, the house of cards will go down. Crypto dollar valuations are nothing more than houses of cards, and simply witnessing your portfolio growing that fast and so much and not doing anything is unadvisable. But at the same time, you should not be fearful during the bull market.

Everything is at an all-time high in equities, and the same will happen with crypto. Once the S&P 500 will blow off some of the capital, it will be moved from there to crypto, but a few months afterward, the crypto market will also gradually slide into a new bear market.

By all means, be greedy this bull market and believe in insane price targets, but have a plan all the way up and be sure that everything has an end. We're far from the mass adoption we've been waiting for so many years. At some point, staying in cash will be better than holding underwater bags. It might sound like I am a financial advisor of any sort or that I pretend to be a crypto investor.

Truth is, I am not. I am actually almost broke, but I have hopes for this bull market, and I also have a plan. Most of such posts like this one here are first and foremost written for myself and secondly for the few readers that I still have.

Thanks for your attention,
Adrian