In a couple of my last posts about cryptocurrency, I mentioned that we are witnessing the beginning of the next skyrocketing values in cryptocurrencies, led by the rise of Bitcoin.
Based on previous patterns and current trends and sentiment, I mentioned that there would possibly be a severe dip before the next great "to the moon" event.
From what I can see, we are in that severe dip right now, and I am expecting it to bottom out here soon, if it has not already, and then we go to the moon. Until it crashes back to Earth again, of course.
There is a strong likelihood that there will be a continuing series of jolts to the price, perhaps bringing it back down to the low teens, but it is also possible, with the ETH merge causing media stories, and the fever surrounding Shiba Inu's upcoming updates, along with any Dogecoin-related news that might hit the airwaves soon, that we will not see the prices dip much more at all, before the next great rise.
Whether you purchase today, and hold, or whether you wait to see if it dips, as long as you make your purchase while Bitcoin is in the ballpark of $20k, you'll be a happy camper in a matter of a few weeks, I think. Most coins are tied directly to the value of BTC, so I trade primarily in DOGE and SHIB, because they have high volatility and are very low-value coins which I believe will one day be much more valuable. If you buy BTC right now, you might double or quadruple your capital. If you buy DOGE or SHIB, you could realize a 20x increase in capital value.
There is no reason you should trust me. I'm just some guy on the internet making predictions about a wildly-unpredictable and highly-risky thing called cryptocurrency. I have no credentials that prove I know what I'm talking about, nor would I try to produce any evidence of the veracity of my claims, but if you do believe what I'm saying here, I'll help you out by telling you that I've been watching Bitcoin since before it was worth a penny, and every decision I've made in trading has been a profitable decision.
The predictions I have made have turned out to be true, and I am gaining nothing from telling you these things. I simply am documenting things that I see happening, before they happen, and it has been an enjoyable ride so far.
It would be horrible of me to tell you that cryptocurrency is rising soon, without also telling you of the very real risk that it is going to crash. One day, anybody who has money in will not be able to access it. The whole system is going to break. It might be one coin at a time, or it could be when the whole internet goes down. One way or another, there will come a day when the crash happens, and anybody who had money in will no longer be able to access that money. I believe this firmly.
In my next post, I will describe some general trading methods and methodologies that I use, which I've developed independently, through the years that I've been trading and observing the crypto markets. If you're a skeptic, you're welcome. If you have similar interests as me and want to know more, you're welcome. If you have no idea about all of this, and you're just getting into it, I would caution you away from investing large amounts of money until you understand it a lot more, but you're welcome to read what I write.
If you are someone who would be sore because you made a bad trading decision based on something you read that I wrote, then these words are for you: this advice is unreliable, unpredictable, and not good to follow blindly. In no way should you think that you can hold me accountable for your trading decisions. Following anything that I've said here is at your own peril. Trading in cryptocurrencies is inherently risky, and I cannot guarantee that if you buy something after reading me saying "buy," or sell something after reading me say "sell," that you will make a profit.
Many things go into profitable trading, including a lot of time watching the markets closely, and having exactly right timing. If you don't spend hours each day watching multiple charts going up and down to get a feel for the current market sentiment, and to understand the patterns that emerge and diverge each hour of each day, then you are trading in a different mode than I am.
I'm not asking you for anything, and I am not gaining anything from you by telling you these things, other than joy when I see them unfold as I've told people they would.
If for some reason you would like to send me some cryptocurrency as a way to say "thanks" for the things I've told you, here are some addresses that I own that you could send crypto to, in order of preference:
DOGE: DA118Tk8j58LHUrJJxi5izemrT1B1G6r5F
SHIB: 0x39b0912Ed5f08272CD7311cce54E98CCF2E60CD7
LTC: ltc1qp7gep9a7kumwm77k3xswhduwguyjh85raux6a9
BTC: bc1qxx9kj3gr9jdkdsa6dvta3m6kd4f305rw3kxgvu
ETH: 0x39b0912Ed5f08272CD7311cce54E98CCF2E60CD7
Thanks for reading!