Checking BTC's price recently, feels almost like looking at a stablecoin and tbh it doesn't feel at all like being in a bull market, and it's natural to be that way... We're still in its early stages, there's almost one year to pass until the predicted peakwill occur, according to the previous halving cycles patterns, and there's no signs of FOMO yet.

The bull is just woken in his enclosure and we shouldn't spook him. I don't do TA and not a veteran of crypto but I often make some analogies and try to understand the market and how it will move in the near future. One of the indicators that I take into account is dumb money.

People that are out of the crypto space, or just occasional visitors, and how much interest do they have towards BTC and crypto. I have a closed friend in town and we are neighbors as well, hence we meet quite often, I've been mentioning to him about BTC for a few years, and I was happy to hear from him back then that he knew about BTC, but had no particular interest in buying any crypto.

Today he asked me about the price though, how could he buy it, how it works, how and when can he trade it for cash and so on. I was amazed about his so many questions for the matter and honest interest. I remember that he told me that a work mate told him about BTC when it was $1000 and that he could have bought some at that time, but he didn't. Simply didn't see any perspective, and when I talked to him about BTC as a good investment he said that he doesn't even know how he could explain his wife he spent a few thousand dollars on some digital coin. Comprehension and vision... null.

He did spent a few good grands in spring on a second hand excavator that nearly killed him two weeks ago, ending with a broken leg that he can't walk on for eight weeks and total disgrace for that working tool. Doing the simple math of investing in BTC rather than the damn excavator he could have had a $3,000 profit in less than half a year with no broken legs and no dirty hands.

It's dumb money as I said, although he's not dumb at all, and this type of investors will rush to buy BTC near the top or too late, as usual. I explained him as much as I could about BTC and we'll have to wait and see if his gonna buy any crypto after all, or not. He also knows my story with crypto and how thousands of dollars swept away through my fingers by acting like pure dumb money, so he can take me as an example and do the exact opposite. It's up to him.

I call this though as a clear sign of early bull market stage and I'm quite thrilled about the future ahead of us for the crypto industry. Oh, and another mate just showed me on his phone today that he's mining crypto... that being Pi network... which in my opinion is something similar with Electroneum and has nothing to do with crypto. The signs are here though and the bull has just been woken. Have a great day folks and see you to the next one!

Thanks for attention,
Adrian

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