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Bitcoin - Lost in Space

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@luueetang
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For the last two weeks, the volatility has greatly reduced for Bitcoin. Something is cooking.
There are more negative articles that have been published at the moment about Bitcoins.

Well, I think its going to make a run. The only question is

A bear run or A bull run

From my own analysis, purely without reading other articles is that the current Bitcoin prices are reaching an oversold level pretty soon. Warren Buffet's golden rule is

Be greedy when others are fearful - This is well said and yes, indeed it is time for the brave.

Bamboo plants are pretty unique in a way. Nothing happens for certain periods of time when you have planted them as seedlings and one day, they just grow out of the soil unstoppable in growth.

If we are to meet the bear, just bear with it and take the pain. The bulls are hard to catch and we could be caught off guard.

An interesting article to read

BTC Whales Mirroring 2017

https://cryptodaily.co.uk/2020/06/btc-whales-mirror-2017

One interesting part from this article stated above is that the number of Bitcoin wallets with huge wallets have grown significantly for the last couple of months. Something is cooking. I do hope that before any big rally starts, I still have time to buy some Cryptos. Hopefully, it's going to do well enough that I can slowly become an investor for a living.

There are also some articles that I've read that states that it is currently the mid caps that are in a rally and when that rally ends, we could be seeing a run. If it does get to the bear territory, from my view, I will be all in to accumulate as much as I possibly could. There is only this window of time before a bull run and when everyone takes note, it would be too late. By that time, hundreds of positive news would be written and many would rush in like lemmings on the run up the cliff and off they drop.

This is crowd mentality gone wrong. Everyone feels safe following the crowds but then whether the crowd is wrong or the crowd is right is another question. No one really knows. I think it is definitely a good idea to have your own opinion and research done before investing. However, from my own view, it is a great time to accumulate and when the next runs comes, when we are in our sleep, we are glad we got in the train on time.

@luueetang Do follow me if you like my articles. Really appreciate it and do support by hitting the upvote. I will follow you back and upvote as much as I can to also support you back.

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