One Year From Now
If there's one superpower that I would like to have that is for sure the ability to see into the future. I guess many of us would love having such an ability. The future has always been about uncertainty, progress, and change. Many refuse to see that, though.
They do so because "they like" being stranded in the present, not being present like the way Eckhart Tolle or other spiritual masters are talking about, but rather being dragged by the vortex of fear and doubt and refusing to look beyond that.
The current society is ill. Social media has played an important role in developing that illness in the way that "acceptance and confirmation" are what many of us are chasing, for the past couple of decades or so.
Selfies kind of screwed the minds of the masses. I know it sounds odd, but once you feel like photographing yourself more than the landscape around you, and aside from your real-life social profile you feel like having a "fake virtual one" that you cherish so much, you sure need to think twice before posting another selfie...
This was supposed to be a crypto post so it's time I should cut the crap and get straight to the topic. Well, here's the thing I want to "once again" tackle... Cryptocurrencies during the bear market.
We are in a bear market for close to one year now. We don't know how low will it go from here, or whether the worst has passed, BUT when we look at some of the altcoins charts, and I'm doing that, especially with EGLD and HIVE, I see valuable coins that are devalued between 80% to 90% from their ATHs.
These are bargains imo... I know, no one can know for sure whether these ones or others will fall even more, but what if they don't, what if the current prices are the bargains we were waiting for for probably over two years? Aren't we gonna regret not buying more at the current levels once the market turns bullish again?
I know from experience that when everything has gone balistic back in 2021, the only thing I regretted the most was not having bought more when most of the coins were dirt cheap which was just one year prior. I have some other regrets too, but this one was my biggest.
Fortunes are being built during bear markets, not bull seasons; it's so easy to make money during a bull market, but profiting the most from such assets means buying in at the lowest levels possible. Again, we don't know if the bottom is in, but what if it is... Wouldn't be a pity not to build a portfolio near these levels?
The macroeconomic environment is uncertain, no doubt about that, but if you're planning or waiting for the perfect time, or for any confirmation from outside to start accumulating, you're probably gonna miss huge potential gains one or two years from now. I have lost both money and opportunities by waiting for external confirmation and crypto gurus' calls.
One of these cases was paying too much attention to the S2F model and missing decent profits I could have pulled off the market in 2021. Long story short, many will miss the current opportunities we have in crypto as many will also forget to sell when euphoria will hit the markets once again.
Personally, I consider that the current correction we've had after a double top BTC has had in 2021 is all the opportunity we were waiting for to load on our bags for the next bull season. What do you think?
Thanks for your attention,
Adrian
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I don't think we're even close to the bottom yet.. maybe half way.. I think BTC will be under 10K at one point.. that's the bottom imo
I doubt that.
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Time will tell..
For sure.
I would bet ur right! I’m thinking bottom a bit higher but definitely not the 17K - 18K low we hit this year. We have more downside indeed I’d bet.
Now crypto market is manipulated in many ways by some big fish. Because of that many people loosing there asset and also hope from the crypto.
You have to be though in this market.
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Yea.I am waiting for the great time of crypto.
https://twitter.com/AdrianPapava/status/1568578367615631364
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We haven’t bottomed all d bet. There is going to be a liquidity crisis and we have another leg down in mainstream markets that bitcoin at least since November has followed. With how much institutional money 💴 is in it is can’t see bitcoin not breaking 15K briefly. I bet on 14K
Good luck with your bet!
Perhaps we are in for a more longer bear run in the Crypto space
Still waiting for some cheaper prices and have been stacking building reserves on the exchange to take advantage. Who knows maybe I will be tempted to not buy my current shopping list and grab Bitcoin instead.
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