crypto OG since 2016 (not financial or legal advice)
Joined December 2019
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Cryptogit retweeted
Everyone keeps calling this a shakeout and a bear trap
But how is it a shakeout when 99% of people are already sitting in cash waiting to buy in Q4 ?
Who exactly are you shaking out when everyone is already out ?
To me a real shakeout looks like what we just saw
Coldcard hack, Trezor breach, multiple exchanges going down and crypto still didn't drop
Maybe the shakeout is to the upside not the downside
If 99% of people were bullish and this pump came yes it would make sense but it's vice versa
Cryptogit retweeted
Just because your coin is not pumping
It doesn't necessarily mean it's over for that
Altcoins got its own days
You got coins like KASPA that did over 100x at the beginning of the bull run
You got coins like PANDORA that did over 100x while BTC went up
You also got coins like MATIC that did over 50X at the end of the cycle
If you're in the right coins they will pump
Cryptogit retweeted
BTC in 2017 made a new all time high 777 days after the bottom
BTC in 2021 made a new all time high 728 days after the bottom
We made a new all time high this year but that was a fake out as all the time BTC makes a new ATH it never stops
(look at 2017 and 2021)
So on average BTC makes a new ATH in around 728-777 days after the bottom.
Now 728 days after bottom is 18 November 2024. The pump is near
Pay attention to charts 🔥
Cryptogit retweeted
Never hesitate to invest when the upside potential is much greater than the downside.
I’ve seen so many people last cycle trying to execute the perfect buy, even when we were at the bottom of a bear market.
e.g 👇
If a coin is at $1 and got a potential to reach $50, and you’re hesitating between buying now or at $0.85, you’re just being greedy and playing with fire...
Cryptogit retweeted
Investing in crypto is not about just finding the right coins and thats it
Stuff like:
“knowing how to handle emotions”
“knowing how to build a plan”
“knowing when to get out”
Is way more important than you think
People have discovered SOL, BTC, ETH, DOGE early
But only 1% held and got out at the right time
Cryptogit retweeted
Something being said by big names or in the mass media does not mean it is true or will help you.
You must understand that most of the time, that information is there to distract you and make you feel the way the narratives want you to feel.
Crypto is player vs player market. Do not think that everyone is here to help you. Every information you take go and do your own research
Just look at the bullshit things people said when war started few weeks ago. "world war 3 is coming, biggest recession is coming". Guess what? BTC pumped from 27K to 45K in 3 weeks. Stock market went up too.
I was the one that i told you to not panic and why things would pump with facts, so always be careful what you consume...
teapaw.org/cryptogitt/status/1714…
HOW DOES WAR AFFECT THE CRYPTO MARKET ?
The photo below shows the performance of the stock market after military events. As you can see in the photo below, the stock market usually rises quickly 6 to 12 months later.
WHY DID THIS HAPPEN?
Crisis = opportunity. War = More Money Being Printed.
The only way the government can fund the wars is by printing more money. They can't increase the tax on people and say "Look, we need to tax you more as we need to go to war", No citizen will accept that. We all know that this is not a working strategy. The only way is to print more. That's why you see the stock market going up 6–12 months after the war starts.
Remember the war in Ukraine/Russia
Take a look at the stock market. War started in February 2022. The stock market dipped for around 8 months, and the bottom was in October 2022. The same happened even in the crypto market, but it was a bit more extended. The bottom came a month later, in November 2022.
WHAT WILL HAPPEN NEXT ?
Based on this current fear about the situation in Israel, we might also see a dip in the markets in the short term, while I'm sure that in the next 6 months we'll go up again. Now, if we'll make a new bottom for the stock market or if it will be a double bottom or maybe a very small dip, I'm not sure. I know for a fact that in the long term, nothing will matter, and we'll go up again based on facts. It's all about cycles. The same will happen with crypto too. That's why I'm super bullish.
People who are in panic mode right now clearly don't understand how the macroeconomy works. Next year, we will see 100% more money printings, and we'll go back up. It might come in the middle or end of 2024. Just understand that the potential is enormous, and now is where you need to invest. You must buy when everyone is in a panic mode, not when FED starts to print money. If you want to achieve outstanding results, you have to act before the crowd joins 🐑🧠
Cryptogit retweeted
I'm seeing so much stuff and scenarios like #BTC top will be this year, but I've said multiple times to all how the game is being played. You need to understand that during the cycles, they will do everything to make you believe that the cycles will change. They did it in 2017 with CME futures. They did it in 2021 with El Salvador and all those bullish events. They will do it again this cycle. I'm not saying that scenario will never happen. I just like to focus on what history has shown to work amazingly. That's my personal opinion about it.
What if right now they will let you panic and think that the top will be this year because ETFs are priced in + FED will lower the rates and that means a big crash, than none of this happens and we go up ??
And when we go up, at the top, they will say that this is a super cycle to distract you from selling at the peak in 2025?? You have to think about all scenarios.
No one knows the true answer. Learn how to play the game in a way that even if you're right you make money bur even if you're wrong still you make money 🧠
Cryptogit retweeted
Vanguard believes that we will not see rate cuts this year
TWO SCENARIOS FOR CRYPTO ⤵️
- We see rate cuts in the next 2-3 months, market crushes and then soon we go up like crazy
This would be the most bullish scenario.
Imagine low interest rates + ETFs + Halving Year👀🔥
- We don't see rate cuts this year or probably they come in the end of 2024/beginning of 2025 and thats the top
This also very likely but this means that the cycle will get shorter
Cryptogit retweeted
When you invest you will always wish you could have done something better no matter how good you do, so keep in mind to play the game in the most probable way
There's not a single time that you will be 100% happy with your decisions. Last cycle i sold BTC at 58K and still i say i wish i sold at 69K. If you make 100X this cycle, i'm sure you will wish to do more than that.
"i wish" is something that never stops in investing. The goal is to just reduce "i wish" size as much as possible.
Cryptogit retweeted
On Feb 7 i will share the whole blueprint on how you can find if a project has potential or not. Im telling you that this is something you haven’t seen before. It will be only available for my newsletter subscribers first✌️
If you’re not inside, SIGN UP⤵️
(all free)
cryptogit.email
Cryptogit retweeted
By the time something makes it into the mainstream media, big influencers or major crypto magazines it's either too late or about to happen.
Just because your coin is featured in mainsteam media articles about "why this coin is the future" doesn't mean you're ahead of the curve...
Don't fall for this trap 👀💩