so to break from my normal let the charts talk tom foolery I have been talking with some of the larger Bitcoin mining operations guys I know and they are to a man basically living in a state of constant adrenaline and anticipation of the next block halving and that in and of itself is huge for Bitcoin, or at least always has been... I am about to do an in depth charting of BTC starting in 2010 when we fired up our first scrapped XBOXs and hit our first 4 blocks in an afternoon, back in the good ole days of 0.18% BTC and even then you could not find anyone to buy it from you, at least not where we lived! I am going to do a thorough recounting of the past halving and subsequent BULLMANIC periods of BITSPLOSION leading up to my thoughts on the upcoming and some would say well under way SUPER BULL RUN!
I though am not yet convinced FOR 3 REASONS.. ONE - the latest pump was triggered by the increasingly popular APRIL 1st TAX BONANZA where the market cap of crypto goes up by a gazillion percent and i think we all know why that is lol... I think that after the bear winter a whole lot of what I call "FAIR WEATHER TRADERS" got mega excited again and started buying up Coins again, so we have a bull run that is based on tax evasion and tom foolery and a whole lot of novice traders who trade based on price, not FACTS... Now when me and my friends mined BTC we first thought we might make a dollar or 2 to buy STEAM video games or whatever, we would joke about how crazy it would be if BTC hit 10$! or 20$ (YEAH RIGHT! wed BE RICH!) haha, point being It has taken alot of time to understand BTC's erratic behavior and even more time to wrap my head around the fact that alot of the big ALTS are here to stay, and that there is ALOT of money to be made when you do your research, understand the needs of crypto today and in the future and pick projects that are solving the problems crypto faces now. We are going to see several of the Major ALTs and some that come out of seemingly nowhere explode in a fasion similar to BITCOINS! now they may not go from 5 cents to 20,000$! but they will do some serious ROI's and I have my eyes on a few that are going to play a big role in the future of blockchain finance and crypto trading. Look forward to sharing my historical review of BTC and my experience as someone walked through the majority of it! #TRADEHARDNTHEPEAKS!
I though am not yet convinced FOR 3 REASONS.. ONE - the latest pump was triggered by the increasingly popular APRIL 1st TAX BONANZA where the market cap of crypto goes up by a gazillion percent and i think we all know why that is lol... I think that after the bear winter a whole lot of what I call "FAIR WEATHER TRADERS" got mega excited again and started buying up Coins again, so we have a bull run that is based on tax evasion and tom foolery and a whole lot of novice traders who trade based on price, not FACTS... Now when me and my friends mined BTC we first thought we might make a dollar or 2 to buy STEAM video games or whatever, we would joke about how crazy it would be if BTC hit 10$! or 20$ (YEAH RIGHT! wed BE RICH!) haha, point being It has taken alot of time to understand BTC's erratic behavior and even more time to wrap my head around the fact that alot of the big ALTS are here to stay, and that there is ALOT of money to be made when you do your research, understand the needs of crypto today and in the future and pick projects that are solving the problems crypto faces now. We are going to see several of the Major ALTs and some that come out of seemingly nowhere explode in a fasion similar to BITCOINS! now they may not go from 5 cents to 20,000$! but they will do some serious ROI's and I have my eyes on a few that are going to play a big role in the future of blockchain finance and crypto trading. Look forward to sharing my historical review of BTC and my experience as someone walked through the majority of it! #TRADEHARDNTHEPEAKS!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.