The bull run of all bull runs. This is supposed to be the cycle where those of us who have been investing in crypto for years finally make it. After all, it appears that all the cards are lining up for this industry to take over.
Sometimes, it’s important to take a step back and take a longer-term view of all the progress we’ve accomplished in this market over the last few years. In the span of just 5 years, we have seen companies begin Bitcoin treasuries, El Salvador making Bitcoin legal tender in their country, spot Bitcoin ETFs finally being approved in the US, and also President Trump creating a Bitcoin National Strategic Reserve in the US. Ethereum has begun to follow suit by attracting treasury companies as well. Arguably the most powerful financial company in the world, BlackRock, has become one of the crypto industry’s strongest supporters.
If you’re paying attention, the message is being sent by the powerful very clearly. Crypto isn’t only here to stay, but it will be everywhere.
There has never been a more bullish time in the history of the crypto market. Just last week, Bitcoin made a new all-time high of $124k, and Ethereum also nearly reached its ATH.
With all of that said, if all of these bullish things are currently happening, why are prices dropping right now?
At the time of writing this article, Bitcoin fell all the way down to $112k, and ETH to nearly $4k. Prices are still at incredible levels, yet the mood in the market has shifted towards bearish once again.
Financial markets don’t like uncertainty, and that is exactly what the macro situation is dealing with currently. Donald Trump continues to strongly push tariffs on other countries, and that is putting a strain on everyone, along with rising inflation. Until those are settled, along with the Russia/Ukraine war, markets could be moving sideways or downwards for quite a while.
Crypto could be going through a lengthy period of boredom.
The hard truth is that this moment is possibly the most dangerous point in the crypto cycle.
Most would assume bearish days when the price doesn’t seem to have a bottom are the most dangerous times to be an investor in this market. The time when they are most likely to either panic sell or walk away from crypto altogether.
However, it is the complete opposite. The most dangerous times in crypto are when the market becomes boring.
Boredom is the silent killer in crypto. Investors tend to become antsy, chasing other coins that have gone up, trying to force their gains by taking on leverage or making high-risk trades, losing patience and selling, or completely losing interest in this market and leaving it.
The most difficult thing during these times is to maintain conviction, continue to buy, and keep doing it no matter how grim things may appear. These are the investors who have the most success in this market.
Buying when there is fear in the streets, and while others are panicking. That is how you have success in this market.
Don’t let the doldrums of sideways price action get to you. The opportunity to build life-changing wealth with crypto is sitting right in front of you. All you need to do is stay focused and take advantage of it.
How about you? What’s your strategy during these boring times in the market?
If you want to show your support for my writing, please sign up for my FREE newsletter. If you upgrade to a paid subscription, that would mean a lot.
As always, thank you for reading!
