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Cryptowriter: The Market During an Unprecedented Rise - Is Now The Time to Invest?

By Thomas Wolf | Thomas Wolf's Den | 13 Nov 2020

Bitcoin set yet another #2 all-time high price of $16,491 USD yesterday, and the rest of the market is following suit in a series of pumps - However, with Bitcoin, Ethereum, and many others being up so high, is it wise to invest now?

“If opportunity doesn’t knock, build a door.” ~Milton Berle

It was a regret not moving my cash out of my Uniswap holdings (UNI) to Bitcoin (BTC) temporarily when I saw the latest pump begin.  I figured I’d make more gains leaving it where it was.  Well, hindsight is 20/20, as they say.  On the other hand, I may make more in the long run, and Bitcoin, Ethereum, and DeFi may stop pumping.  How does one know what to do?  Well, I always say it’s like the lottery; you cannot win if you do not play.

So, one must look for the right opportunities.  Time availability and mobile access are huge assets.  I am always looking to buy during dumps and sell during what seems to be the peak of pumps; with patience, it has become a profitable and enjoyable trading venture.  One thing I have absolutely learned about cryptocurrencies is that the volatility creates profitability, and the volatility is endless.  It’s a beautiful internet and blockchain-induced digital chaos with a purpose.

The previous #2 all-time high for Bitcoin was recently on November 11th at $16,000 USD.  Ethereum is in a great rush of its own at $462 USD after touching $476 USD during the pump earlier; many are calling FOMO for the road for $600 for ETH.  Bitcoin is currently holding at $16,243 USD, which is a very healthy price for the coin.  There has been a tremendous amount of up and down with Bitcoin, Ethereum, DeFi currencies such as UNI, and just about the rest of the market is in a similar trend even if the currency isn’t directly correlating.


I say invest away, but be careful about your timing and be ready to move your money fast.  I’ve also noticed pumps lasting later into the day rather than being secluded in the mornings, often both offering many opportunities a day for investment points.  There is no reason not to ride this particular gravy train to fruition; just be careful as always.  Looking back on Bitcoin’s origin, it seems like an insane time for the currency right now as it is holding this new value quite well.

I can only imagine how happy are those who invested at a very early price range; it’s a thrilling time in the market regardless.  With Biden as the new US President, I plan to invest in stocks again - particularly in renewable energies; I know there is a lot of promise there.  UNI has been a dream for flipping, but I am longing to HODL some Bitcoin and ETH for the long game; relocating, being sick (most likely COVID positive; a lot of contact), and in quarantine with two new persons to coexist along with has proven to be an expensive venture.  The sickness has worsened and resembles the flu at this moment - pretty sure this is the real deal, I'll know soon, the Chicago suburb I am in only tests on Saturdays.

It takes constant reminders to myself and others that gains are relative.  So, it doesn’t matter so much what the price is so much as what it has the potential to become.  Set realistic expectations, and I don’t think you will be disappointed with your percentage of returns in most cases in the current market.  I fear for a crash, but I highly doubt we will see one for a while.

The general vibe of positivity and progress seems to have been extremely healthy for all the markets, with crypto being no exception.  I hope this is a new chapter for people to move on and move beyond the years behind us.  I genuinely believe that between corporate endorsement by companies like PayPal and Google, crypto is most benefited by critical yet positive thinking from people when they cannot rely on traditional financial structures.

It’s impossible to say what will happen with the market, but I can say for sure I will continue to enjoy the flipping process within it.  I’ve been making a reasonable amount per day just from a few hours of paying attention to the markets a day; it’s money made so fun I dare say it is habit-forming!

What do you think will happen with Bitcoin next, the road to ashes, or the road to 17K?

Stay smart & stay safe!

Questions or comments are always welcome.

-Thomas Wolf


Thomas Wolf is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, Thomas Wolf, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.

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