Bitcoin

Alright a lot has happened since my last blog post about 10 days ago. Lets talk about it or better said let me talk to myself about it. Like I have stated in other blogs it is important to write things down so you know when to buy and when to sell especially if the alt coins are to follow what Bitcoin has been doing… Will they have this explosive move behind Bitcoin like they have always done in the past? Well that’s a good question but lets break it down. Simply put I think the Alt Season everyone is hoping for and is saying is about to happen right now may be disappointed with some sideways action and consolidation for a while. Bitcoin can continue to shine during this period if the ETF inflows continue because that has been the main driver behind the recent push that Bitcoin has made. This is my main catalyst for why the Alt Season will be delayed mainly due to the fact that it is not complete degens taking money out of bitcoin to buy crazy altcoins on some random exchange they got from a “buddy”. Will the degens come? yes many have never left and they have already been rewarded but the gains are far from over. What is the next major market event….Ethereum ETF which has a decision in May. Just on the hype alone $ETH will start to move significantly but no one knows if it will actually get approved or not without a court case. Big things to come for the World of Cryptocurrency!!!

Thanks for tuning in and reading the blog! With Bitcoin going crazy there is less time for writing and more time trying to maximize this opportunity as it will be gone before you know it. Thanks again and I’ll continue to write blogs either way, it is beneficial to put on paper what you are thinking to stay focused in this crazy market!

Previous
Previous

Bitcoin: All Time High Surpassed!

Next
Next

Updated Market Thoughts