This week is lesson 1 in crypto. When the normies come in, it's time to exit. Stupid people and crypto profits don't mix. There are so many normies getting their shit handed to them, and the market has more pain in store for them.
If you're a real crypto Chad, you should be prepared for a $24k BTC. Because we went up so fast, we can drop to $24k and still be in a long term bull market. Chads are using this time to grab up more ETH, BTC and big alts.
And you really don't know how these institutions are going to act. Depending on when they bought, and how much they believe in bitcoin, they might come to crash your party down to $15k. It's possible. That's where the monthly 20-day MA is right now. Prepare yourself. For those in the cheap seats, Microstrategy, JPMorgan, etc. will dump the price down to $15k because they know you bought at $35k then buy your bitcoin from you. Right after you sell, you can expect a quickfast candle back up to lock you out of the market. They have your coins, and you have a loss.
Chads know not to sell. Even better, Chads know to copy the institutions and buy the BTC from the normies.
Believe me, I know the pain some of you are feeling now. I'm numb to it, but that only came from years of losses in the market. I can say with pride now that I survived it and dips like this are a yawnfest to me. Will you pay your dues, or are your talents better served somewhere else? We'll find out this week.
I'll also let you know I'm far from a perfect trader. I knew this was coming, but I didn't tether nearly as much as I should have. Why? I got happy looking at all the green, just like you. Can't do that. I don't want to be fucking poor like you.
But I also won't let any banker have my BTC. I'll hold that shit to 0 before I'll let Jaime Fucking Drug Cartel Dimon have it, that sorry piece of shit.
One last reminder for the OGs — remember you're not investing in #numbergoup. That will happen naturally. You are investing in the base layer of the world's next new technology. Imagine being able to own a piece of http:// or the idea of email. That's what we're literally doing right now. Don't give up generational wealth and freedom for a couple of bucks, especially not to Jaime Fucking Piece of Shit Dimon.