Crypto Gimmick cycles

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I like Crypto Kirby. He is down right real and gives the potentials for all sides. I don't play the market and I don't worry 'much' about profits. It's very sad situation in the world. You cannot save and we were all pushed into speculation and stock market for yield. Even Real-estate looks to take a huge haircut shortly.

I cashed a good portion out in 2018 top, but it wasn't life changing. This cycle I wanted to get life changing rewards, but it just wasn't enough. I was thinking of cashing out near the top when ETH was about 4000k USD. I bought in at $900 but then did the calculations and I would pay tax, and get recorded making 'a lot more' which the Ex would just take as well.

Life changing would have to be in the Millions and it's just not happening for me this cycle. Looks like I am willing to go down with the ship even if BTC goes to something crazy like 10k or below.

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2016-2018 was the ICO bubble

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2018-2020 was the leverage Bubble (popping now)

2020-2022 is the DEFi Bubble / #NFT

So here we are deleveraging with bad loans etc..

Monkey JPEG degens have to get rekt as well. Sorry wouldn't pay 100k for a picture of an #APE or #PUNK.

The world is in dire straights economically. Sorry it's just the way it is. I'm with you to a degree. I will hold my #BTC either way. Just bought some with HIVE. I will soon be a full #1 BITCOINER very soon working and next year might be working on my second during bear.

I'll still be here blogging around.

Posted Using LeoFinance Beta

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8 comments
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The bears are still very much in full force. DCA-ing all the way down will be the best strategy.

Goodluck with your plans

Posted Using LeoFinance Beta

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Why would DCA'ing be better than buying btc when it's at 13k which it will be at next month?

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Because btc at 13k next month is not certain.

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The problem with Bitcoin is that its fall affects the rest of the currencies negatively, but the question is whether it can rise again or is it just a bubble?

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The only positive thing is that there are currencies that are not badly damaged, such as HBD, where you can store them, for example, and buy gold medals to invest in them.

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It is good to diversify, but the payday is years off. We are very much in a bear market and I believe will be there for several months if not years. Hang in there.

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