News on the radio
Predictable, isn't it.
I was finishing up a day of work, and I got in my truck. Same as any other day. I usually finish up the day around 5 and often have talk radio on if I am not on the phone with my wife. Today, on the way home, my wife was busy, so the radio was on. At 5:30, like clockwork, it was time for the news.
(image from pixabay.com)
The radio news is very predictable. Breaking news, traffic report, weather, market numbers... boom, back to your regularly scheduled programming. Programming that I listen to to ensure I still can see what the programmers are trying to program for us people (but that, again, is a post for another day).
Today was interesting. During the news report, they went over the typical market numbers, DOW, NASDAQ, TSE etc. Every time I hear this part of the news I laugh, because the market numbers that they report are not even half of the story. These are the numbers I am supposed to think are important.
Today, the numbers were different. COIN, the exchange symbol for the newly listed coinbase stock, was reported on the market report to day. Nothing really happened in the markets on the news report, sideways action for the most part. Coinbase, on the other hand, entered the market at $250 / share today and ended up closing at $328, for 30%+ gains on the day. It was a big enough outlier that it was mentioned on the corporate radio news. They mentioned that Coinbase was a large cryptocurrency exchange and that it went up 30% on the day.
I have said it many times
This is only the beginning. Today, on the radio, we heard about cryptocurrency on the radio, however brief. In half a year, it will be everywhere. Front page news. Once the bull market settles down and things begin to correct, the hype will die down and the news will likely take on the "I told you so" mentality. I don't think we are going to end up in full scale adoption in 2022. Everyone wants a piece of the upward action. When that is over with... those people will take their gains and go back to living. OR, the will hold on and sell at a loss and curse at crypto and call it a scam.
I am going to keep on keeping on. I am going to buy when I have extra money, I am going to stay consistent on blogging and curating. I will keep getting my CUB on and likely find a few other places to earn some crypto. By the time 2025 rolls around and we are poised for another crazy Bitcoin halving liquidity shortage, I intend to be in a really good position.
2017
I lived this exact year in crypto out. It is like groundhog day, but a year. It repeats. I was just newly into crypto and I watched everything go up. I thought it was going to last forever. "No way am I selling my steem at $8! My upvote is worth $1..." Well... second chances are a beautiful thing.
There are many that are saying this time it will be different. I have my doubts, but I have been wrong many times before. I do think that some big money players are entering the market and they intend to stay in the market. This means that everything will go up. I don't see everything staying up. If BTC makes it up to $250K as many are predicting, I see a lot of these big players making the same mistake that a lot of the 2017 players made.
They saw money and bought bitcoin at $19K. 1 year later they feel like they got scammed and sell off for $5K.
This time it could be that they bought in at $190K and will end up selling at $50K.
50K Bitcoin?
I remember when BTC was under $4K after it hit all time highs of $19K. I was broker than broke. I knew it was the time to buy. I told everyone that I could. Everyone laughed at me.
Well... When big executive sells his bag for $50K in late 2022, I will be in line to buy. I might not have $50K, but I will take some.
The train is leaving the station
(Image from pixabay.com)
Bitcoin is starting to climb again. At some point it is best to avoid buying (unless your strategy is to buy all the time - then continue). You don't want to be the guy that buys the top (unless your strategy is to buy all the time- then continue). I don't know where the top will be. I think it will be higher than this, but I have been wrong before. My gut is telling me it is still a good time to buy BTC, but at some point, it is not (unless your strategy is to buy all the time - then continue).
Proof of Brain is still early
Once BTC is out of reach, and too risky of a buy... there is always POB. It follows the same pattern as BTC and it could end up going through the same cycles. Take note and take action. I realized this tribe was up and running and it gave me knew legs, magic legs. I feel like posting daily. The community is great and the content is all over the place. You can write about anything, and people DO! Building stake in POB feels like it is worth the time. Look at BTC and how it is moving!
