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You Know It's Bull Season When This Happens
Is crypto currently in the starts of a bull market? It's often hard to tell. Just like you never really realize you're a bear market until months if not a year later after the damage has already been done. This also applies to crypto but there's some telling signs or at least what I would call signs.
The Things I Listen For
The running joke is once you hear about your grandma getting into crypto the bull market is over and it's time to get out. Well the same I believe applies to the bull market.
When you hear people say crypto is a scam and they are never going to touch it again. Or the likes of JPMorgan talking trash again or our favorite person Charlie Munger (Idk how this dude is still alive to be honest) start trash talking crypto again and rallying their call to use stocks and banks (Which by the way are more corrupt than crypto IMO) you kind of know it's time to get in and the bull run is starting.
We also have news of the SEC trying to crack down and overreach yes once again! To try and make up for their own mistakes which I wrote about yesterday here SEC Attacks Crypto yet again for their own mistakes
All of these things remind me of the 2020 rally and begs the question if we will see a sharp increase in bitcoin price to $35,000 this month into next or not. If we quickly shoot up into $35,000 by the end of this month I'm leaning in towards a bull run.
What's Fueling This?
It honestly feels like a number of things could be going on right now.
We already know that AI is a recent hot topic and AI based cryptos have shot up in price over the last 3 months. That's most likely going to be a central location for this bull rally depending on how fast and how good AI can be developed (or develop itself).
We also know the SEC is trying to further crack down on stable coins and exchanges. This could mean people are piling out of stable coins back into assets such as bitcoin etc.
Web 3 might finally bet getting some real traction as development projects such as LeoThreads start to come forward after years of development and released to the public.
Overall I see the crypto markets taking yet another redical shift over the next two years further away from centralized exchanges and more on to Dex and DeFi while increasingly expanding gaming, social media and AI.
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Of course Jamie Dimon and his ilk like to trash talk crypto in the American media while his European office buys it up.
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What's really crazy is when you look into Jamie Dimon and how many times his company has been bailed out and all the shiz they have gone through with the government.
More like "Another big $kickback for the $Bail" than, "Too big to Fail."
Sometimes it is just that the sellers are done selling, which then shows that there were buyers all the time that the price was going down.
Eventually BTC will detach from traditional markets, rn I think the market is in the process of bottoming out, not that I care because Im baying anyways, but there still some sideways with volatility ahead in the short term, this are great times to buy, thx for sharing ✌️
My car salesman yesterday told me his friend recently said that crypto was dead… yet I paid my down payment on a used car with my Crypto.com card. Of course I asked him if he had ever bought or used crypto before and he said no. The dude was typing with just two index fingers on his computer keyboard, so that’s what kind of person I was dealing with. Super nice guy, but completely close minded to crypto and I’m not even sure he’d ever have the ability to learn it. There’s a lot of people like him, yet I still think mass adoption is inevitable. I mean he wouldn’t have gotten that sale yesterday if I weren’t into crypto. Can’t wait to see where we go from here.
When these things occur that's usually the peak.
I look at the peak being when everyone wants it and keeps buying in on any random crazy project. We saw this at the peak of 2017 with Ethereum layer 2 tokens and then once again with NFTs primarily during the last bull run.
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I honestly think that most people realize that the market is really bullish when it is too late, and they realize that it is bearish when it is too late as well. That is why so many people lose in the market. This happens because people do not understand the underlying trend of the crypto market more than in broad strokes, and in broad strokes, they are always influenced by feelings of fear and greed, which leads them to make mistakes on it
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