Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet!
You can use this link to win your tips or become a new writer in Publish0x
We woke up on a special Tuesday since yesterday was a holiday in the USA and there was no stock market activity (I always refer to Nasdaq, the stock market that I follow the most).
Remember that you are reading The Crazy Dude's blog and with that nick, you shouldn't take my opinions too much into account. But also remember that I do not write to advise you or to make you like it better or worse, I only write for my personal development and to give my opinion on various topics. Always open to debate 😉
After breaking the 20K support this weekend, Bitcoin has managed to recover it. But I don't think there should be room for excessive optimism just yet.
When will we return to ATH? Easy, when there is the same capital in the market as there was during the previous ATH.
That fact is what stops my optimism because we are at a time when my conspiracy nature alerts me to several red flags.
If Bitcoin seeks decentralization, it is an enemy of the traditional financial system, an enemy of capital. Although Forbes insists on showing you Musk, Bezos, Ortega, and other billionaires as the richest people in the world, we all know that it is not true.
The powerful families of the Middle East, the Rothschild (founders of the world financial system), the Oppenheimer (owners of the majority of gold reserves), the Murdoch (owners of much of the mass media), the Du Pont (supplied the USA with ammunition during the two great wars, I imagine that during the rest of history they would also eat their piece of the many wars that the USA promotes or gets involved in), the Rockefeller (yes, you know, oil), the Morgan (Bankers who rescued the federal reserve back in the day 🤣)... We could add a few more but it is not the topic we are talking about today.
What I am talking about today is how these families are the real capital, the owners of the world, and Elon is not such a Whale if he plays in that league.
Ufff, another post too long for my liking and I haven't started yet...no more
Bitcoin is going to fall as far as these people intend and it sounds harsh but I think it is. If they keep in mind that it is the value of the future, they will buy it, but first, they will drive Celsius, Microstrategy, Teslas and anyone else who can compromise their hegemony out of the market. If to kick them out they have to force the price down to 3K, they will do it. And yes, Microstrategy will be forced to sell if their margin calls arrive (and surely it is not at 3.5k) because Microstrategy plays with the money of its investors, it has to be accountable and make profits. Let's say the price drops to 17K and they're forced to seek financing because they're maxed out on their margin call, how many enthusiasts do you think they'd find?
If there is anyone who believes that these people are going to allow a decentralized, tax-free, and anonymous economy, it is because I live on a different planet. These people provoked each one of the warlike conflicts of the last 100 years to increase their wealth and also their hegemony over the world population.
Hey, I already warned you up there, the title of the blog should have separated you from this conspiracy theorist but now it's too late!
How I will act?
I will continue to buy as much as I can as low as I can but my investment amounts are very small and I can afford to go to zero. If you are thinking of putting 1000/10000 or more you should be more cautious and look for a progressive strategy. Remember that averaging a good price is important. to be able to get out of the market with the least possible loss in case you do not come out a winner.
If you bought with Bitcoin at $59,000 and now you buy the same amount at $20,000, you are averaging $40,000 approx.
But if you now bought twice what you bought at 59K you would already average 33k approx. That is, you could get out of the market without a loss (without profit too) when Bitcoin reaches $33,000.
This post was also published in read.cash by me, The Crazy Dude. If you liked follow me to see more like this!
Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
Step up your income!
Win more crypto (not faucets):
Torum
Honeygain
Presearch
$miles
StackUp👇 Register using this referral Code: REFFYAT7Y
Detailed info about this here