Back To The Lower Levels
Looks like the whales wanted some cheaper Bitcoin and the only way to do that is to scare the retail investors into panic selling. This has worked yet again and for how much longer can this same routine play out as there are only 21 million coins. The more that head to the cold wallets for long term storage the harder this ploy is going to take next time around. Soon the market will be left with holders only and then they are screwed as their game is then up. We have seen millions of dollars leave the "diamond" hands and will they get back in at a lower rate, lets hope so as the institutions cannot have their own way.
According to the data 22 550 Bitcoin left the exchanges yesterday and should be a sign of what is happening with Bitcoin right now. This is just too obvious and why I bailed from my crypto portfolio last night so I can buy in lower. Normally I would have just held on to what I have, but this has benefits especially when you are a small bag holder like myself.
The opportunity of farming coins over the next 2 or 3 months or forever how long as no one knows the timeline exactly is just too good. I am starting to understand where and how the money is made during the bearish markets which in some ways is more profitable than the bull markets. The idea of farming 20 or 30 percent gains riding the dips really excites me. How much can be made we will have to wait and see but I have the necessary tools at hand to cover the moves which is vital in these volatile times.
I missed the last bull cycle and in many ways this one up to now as well as I am still in the process of learning. This one is not over yet however and is still following the path as the manipulation killed it. This is not financial advice and my understanding of what I see.
We are lucky we have Hive as we can just grow our bags and is in like another world well away from the carnage we are seeing outside. Carnage in the sense is we can still earn on our stake whereas traders don't have that luxury and you are either in the market or out of it. Right now being out kind of is a nice warm and fuzzy feeling knowing that the earning more coins via trades is about to kick off.
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