It's a well-known phenomenon that people get more conservative as they get older. There are biological and social components to this. The biology is the reduction of volume of sexual fluids in your body. The social is the fact that older people are more focused on maintaining what they have rather than acquiring assets. On some level, younger people must disrupt something in order to accumulate what they get. Older people must maintain the status quo in order to keep what they have.
People don't recognize this change in themselves on a conscious level. So they build an emotional attachment to their biological and social imperatives. They turn those emotional attachments to their feelings into opinions. Those opinions seem powerful if they come from a person who has accumulated a great deal in the past.
So when boomer investors like Mark Cuban and Jim Cramer talk about bitcoin, you should completely shut your ears off. Let them lead the other boomer investors into the traps we have set for them. It's said that crypto is the greatest transfer of wealth in the history of man, and that's true. This is what that looks like. Younger people, disruptors who are looking to create a decentralized, trustless society without the need for central authorities, have the chance to build the financial backing for that structure by literally taking it from the establishment. But you have to be prepared. And you can't get confused.
Case in point: We just had a reversal pattern on a reversal pattern in bitcoin. The head and shoulders that everyone thought would lead to another 40% drop didn't happen. The dip got bought up, and right now we're above critical levels. It's now more probable that we continue to go sideways or pump to $52k.
The old chart patterns don't work as well on bitcoin. The chart patterns reflect the self-fulfilling prophecies of the markets creating them in real time. If the old chart patterns don't produce the same results, that means the psyche of the people in those markets is different.
- If you're charting coins vs. USD rather than vs. BTC, you have a long way to go.
- If you don't have a degen strategy, you're missing out.
- If you don't understand that each coin represents a solution to a problem, then you're not going to profit.
- If you aren't preparing yourself to become a node for your favored decentralized project, then you're not helping.
- If you're worried about paying taxes on your crypto, you're missing the entire point.
There's an entirely new paradigm being formed, and you have the privilege of not only studying it, but helping to create it.
YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1