Dust and Bruises: On The Way To Promiseland


The crypto market is currently in "extreme fear" according to the fear and greed index, and that only means one thing in a bull market: insane buying opportunities. Most altcoins are now lower than they were when Bitcoin was at $74,000. Bitcoin remains a safe haven during corrections, it seems...

Germany is close to disposing of its confiscated Bitcoin stack, and since the price isn't diving that much anymore despite the selling pressure, it means someone is buying, and that someone is BlackRock. BlackRock is not the only buyer recently, but it is one of the biggest. This fund owns a lot of assets in this world and has been using AI for its investments for a long time, which to me means it knows what it's doing. Anyone buying crypto two months after the halving definitely has a high risk of success ;). At least, that's what history has taught us.

A few years ago, Hal Finney, one of the first pioneers of Bitcoin and someone who was allegedly involved with Satoshi in creating the digital currency, was saying that for Bitcoin to succeed and become highly secure, it had to grow in value immensely. Well, here we are...

It's now vastly more expensive than it was back in the day, and undoubtedly more secure, but most of us are still rather swing trading it than just HODLing for ages. I don't even see the point of HODLing for ages unless you're doing it for your kids' future. Otherwise, why not reward yourself when the market allows it?

I've had more failures than successes in crypto, but I also consider my failures as lessons that I had to learn. I'm still making mistakes and still learning, and that's the end game: to become better with every cycle and mature as an investor and player in the crypto space.

There's this guy I've been following on Twitter for a few years, a smart guy who predicted the top in 2021 and seems to be a highly balanced trader and investor. At one point, he shared with us that in 1999-2000, he multiplied his trading account by 129 just to give it all back to the market in the following years.

He didn't quit, and neither did I. I wasted the 2021 bull market, and made a few nasty mistakes during the current bull market, but the plan is pretty simple: gradually exit the market as euphoria picks up and drives the market into uncharted territories.

We're not there yet. I met a guy today, a friend of a friend who works as a cop and seemed like a smart man. After he found out I'm in crypto, he first asked me about the founder of OneCoin... How come negative events associated with crypto always reach a wider audience than the positives?

I guess we like drama, which makes us better than positive events... I've had a lot of drama and failures thus far in crypto, and I believe these lessons will help me better navigate this bull market.

I told this guy about some of my mistakes, but as I said, he seems like a smart guy and he saw these as lessons rather than failures. He seems interested in investing some cash in cryptos, and I promised to help. He even asked me why I'm not a broker or something, advising and helping no coiners with custody.

I guess I'm fine with being an outlaw, and that's probably why I've stuck with crypto for so long... That's all for now from my side. Have a great day and see you all next time.

Thanks for your attention,
Adrian

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acesontop
acesontop

I'm an amateur blogger, crypto holder, and a passionate fisherman for as long as I can remember. For more details please ask, it's free. You can find me on steemit.com: https://steemit.com/@acesontop and Hive: https://hive.blog/@acesontop/feed


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