Hope you enjoyed my Limited Edition Post earlier this week...
ItΒ΄s a limited edition, not for snowflakes it seems, but might be worth something someday, just like Bitcoin or Beanie Babies.
And Now For Something Completely Different
Okay letΒ΄s start this show with a Bang!
Who Bought The Dip?
Because if you trust the voices; that was the stupidest thing you could do, we are going much lower.
Trump is here to crash the market, so interest rates go lower and he can refinance billions of US debt against a lower yield.
The Truth You Sucker
If this is true, itΒ΄s a very bold move....and I doubt if anyone would be willing to push the markets much further down.
But hey, there might be some truth to it, we will never know. Markets are there to manipulate, and they never tell the truth, so I tend to do the opposite.
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And I did, I did buy the dip.
For months I have been telling you I do not buy the dip, and I didnΒ΄t as there were no real dips.
But I also said if we get that 30% dip I might just do it.
We Finally Did It
And finally BTC is 28% down from the top and ALTS bleeding like mofos.
BTW everything except gold is down, and that is why BTC is doing better than most stocks. ItΒ΄s becoming more like digi gold every day.
StrategyΒ is down, down 50% from its top.
But still up YTD:
EvenΒ TeslaΒ is still up, while they have the Swasticar, and everyone hates Elon....
BTC is doing kinda like what are they called Nivea?
Both are down 30%.
So actually we are not doing that bad, unless you did that thing.....
Buy Fartcoin & Friends!
What the fart. 90% down on a top 200 token?
And how about its friends like SPX6900?
SPX6900 85% down, seriously?
Or that great utility tap token NOT.
NOT only needs 12.5X to be back where it was last summer:
So if anyone wonders where the retail liquidity went this cycle:
$Trump Ate It All
And still people expect these Poopoo the Clown coins to breakout and go to new ATHs.
I said it before and I say it again, most people do not get rich playing the crypto casino.
How Do You Get Rich?
Getting rich is crypto, works the same as in a casino. You need to beat the house, and that takes practice, patience, and counting cards.
Like right now, when all the world and their Karens are calling for a 70K BTC I start buying. Slowly but steadily.
Not even buying long term as I counted my cards. I know that SONIC, the previous FTM, has an airdrop coming in June. that might add a nice 20% soon.
And a token like BEAM that launched last year is basically back at its starting point, and 90% down from its December peak.
That is what I see when counting cards.
The other thing I see is that this macro drama can not last long. Soon all parties need to ease up and start printing.
So I do The Trump Thing and I:
30% Down & Counting (cards)
I did sell, I sold all my Mantra (OM).
OM was still up 5X and soon there will be the end to the Mantra farming for airdrops, like in a week or so, and a 50 Million airdrop, you can count on the fact that will have an impact and is the reason why OM did not dump a lot.
I prefer to move some into Sonic.
I also bought your disappointment regarding Trump's Executive Order, because having one of the three powerhouses in today's global market publicly do this reserve thingy will shape the market mid-term.
Still, most of my selling went into my profit taking plan.
The Plan
I had to feed my profit taking plan, I bought $420 last 2 weeks, sold for $1050.
This dip has brought me so much closer to reaching that plan of having 80% of myΒ Bitvavo ExchangeΒ portfolio in stables by May the 5th.
At this downward rate I might reach those percentages, but unfortunately it does not translate into dollars.
My conservative estimate was doing a 5X on ALTS and a 5X on BTC, and having 50K in crypto by April 2025.
That would be 25K in ALTS and taking out 80% would be 20K. reasonable. At least based on previous cycles and diminishing returns, but not this cycle.
Thank Me For BTC
Thank Me for putting half of my money in BTC, but my ALTS are at the point that I need a 5X on each of them to reach 20K.
As I have my doubts if that will be feasible, I change my timeline.
Simply because my plan was based on peaking in March and being able to sell on the way up in Q1.
I no longer see it happening in Q1, and neither in Q2.
I think that Macro needs 6 months, rate cuts need 6 months, and then Trump gets lower yields on those bonds.
We could see another 2021 crypto winter.
Right now, I think there is enough FUD but I need a bit more fear:
Look at that May 2021 fear dip, and the short little pump back up. That tells me we might need a bit more fear, but Trump canΒ΄t risk a real recession.
HeΒ΄s playing chicken with everybody... and
Never play chicken with someone with half a brain, and well donΒ΄t play chicken with a Tsunami as it has got no brain at all.
The Simple Plan
For me itΒ΄s simple. I planned to get out...
I still will, but timelines are changing, and I am here to make a profit. Not to stick to stupid baby timelines.
So I have sold my most profitable holding (Nabtra OM). And plan on buying the dip summer, at a 90% discount and ......
Because I need to make money, my $600 BTC to ALT Swap has never looked this shitty.
But at a high level, crypto has never been popular and adopted as it is today.
Am I the only one that does not get this?
ItΒ΄s manipulated to have friends buy in as always, but just look at the temporary damage.
Results Of A Dumbass Baby Selling His BTC:
LetΒ΄s See:
I sold my 600$ in BTC at an average price of $101K and currently BTC is at $88K so I had hodled it would be $471 now.
But noooo.... I had to swap it for ALTS.
LetΒ΄s see what my swap is worth this week:
ETH Start $177: last week's worth $101 down 12% = $85
BEAM Start $125: last week's worth $27 down 22% = $21
SUI Start $75: last week's worth $37 down 12% = $32
SOL Start $100: last week's worth $58 is down 11% = $58
Curve Start $57: last week's worth $25 down 4% = $24
Total $220
And I bought back $60 of BTC at a 14% discount but that is down as well, so my Swap is worth $270....
A $330 loss since December, itΒ΄s time to just keep swimming and wait 6 months for this ship to turn around.
Thank goodness you made it till the end Pees, Love and I am out of here!
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Previous Chapters
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Crypto Changed & IT Killed ALT Season
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - πALT season 40% vs No ALT season 60%π
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - How To get Rich Quick In Crypto! (1)
-
[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - WEN ALT Season?
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - The Real Dip Only Happens Once Every Cycle
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[βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - The Real Dip Only Happens Once Every Cycle
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - The $TRUMP Dump Stinks
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Is There Some Lummis At The End Of The $TRUMP Tunnel
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Lady Crypto Only Goes PARABO Once
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Did Swapping My BTC Make Sense???
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - I Hate Crypto Christmas
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Did This Poor Baby Make A Profit On The BTC He Sold?Β
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - I Sold My Bitcoin
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - To Buy or Not To Buy The Dip???
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - The Top Is Not In! Says Who?
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Am I A Fool For Selling Already?
- [βππ§ππ£] ππππ ππ π¦π£ πΉππ₯ππ ππ - Sell Into "The Gospel of Greed"
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