"Trench Time" Close To Over
All the good things happening in life oftentimes come unexpectedly, unannounced, and seem so unreal, and unfortunately pretty much the same thing happens to the bad shit that we get to experience... The current bear market in crypto came when nobody was still expecting one to happen, and it left many of us almost bare-naked once the bulls vanished.
By bare naked I mean not having enough powder to load on our favorite crypto as much as we would like to during the bearish season. It's the second time that happens to me and probably the last one. If there's one thing I will be highly focused upon as we approach the halving for Bitcoin that will be taking profits.
I have already loaded my crypto bags to the maximum I could. I wish I could have added more, but I won't complain. Less is better than nothing. As a matter of fact, most of the time is harder to turn $5,000 into $10,000 than it is to turn $1,000 into 20,000.
It takes time, patience, conviction, and direction to be able to make a difference in crypto, the same goes for blogging on Hive. You have to have goals, timeframes, and understanding to "make it". Something that a lot of crypto participants of the last bull market lacked in.
I don't know if you have noticed it, but the crypto space looks a bit deserted lately and I don't refer entirely to CT or Leofinance community. I'm talking about real-life crypto dudes too.
One year ago everyone and their mother were talking crypto. I had a friend who literally does nothing online except for using Facebook, Netflix, and youtube asking me to help him buy crypto which should have been a top signal to me, there were high school kids talking about it here and there and you could also occasionally hear of certain individuals who nailed it with SHIB or I don't know what other shitcoin "that popped".
The space looks pretty much dead lately. Even banks started to call Bitcoin dead once again. I don't remember the exact name of the institution, I guess it was ECB that was forecasting "Bitcoin to never hit its previous ATHs" and all of these combined are bottoming signs to me.
If you go on Twitter you will find plenty of analysts showing up with charts that "prove Bitcoin has bottomed", or in the process of doing that, but even if these are off track, you need to look no further than the sentiment of the market to realize we are close to completing the bear market. It's not been a fun time, I tell you that, but not unbearable either.
I guess the experience I got with the past bear market helped me in dealing with the current one a bit better. Bitcoin is still 75% down from its ATH and I don't see much momentum in its current price action. I do believe though that our time in the trenches is close to over. The trend will reverse when we will least expect it, when everything will look like being in a coma, and that moment is not far from now...
What do you think?
Thanks for your attention, Adrian
Posted Using LeoFinance Beta
