Digital assets — From mania to cooldown?
We had pretty nice crashes to start year 2022. Im not expecting any huge bounces back to uponly mode. Year 2022 we don’t have same pumpamentals vs 2021. read: https://kiiski.medium.com/strategy-going-forward-hard-work-and-consistency-e5b1526d7c7c
Lets go back to year 2020 January 25: https://web.archive.org/web/20200125032836/https://www.coingecko.com/en
25.01.2020: BTC 8k, ETH 150, BNB 17, Cardano 0,04…
23.01.2022: BTC 35k, ETH 2,4k, BNB 375, Cardano 1,10…
We had the mania phase and now its cooling down…
These surveys are for fun and not super reliable, but still… 70% are newbies and almost half of them are not very knowledgeable or zero knowledge. Many will give up, sadly.
- Covid will be gone by summer and people will start to live again.
- Fed will tighten, no BRRR.
- Inflation will eat away savings… Grocery bill, electricity, gas etc go up and less money for “investing”.
- Massive investing boom will be gone, the masses will move on. Hopefully many got new hoppy from this, but i am afraid majority was only hoping to get rich fast and did not bother to learn anything. I will do my best to help. Im not fucking leaving even if we go -90%
Yes the whole financial system is broken and also peoples expectations. I remember when i started to invest +10% yearly gain was considered very good. Dance of fear and greed! Will you give up? Are you up for the grind?
Central banks, governments etc will certainly not give up they will do everything they can to hold this ponzi afloat. There will be huge crash, it’s inevitable, 1y? 2y? 5y? 10y? I’m simple man, i just grind.
I have my plan. I will continue to harvest cash wherever i can and add more bitcoin and other quality digital assets. We go to 30k? I buy more, 20k? Let’s buy even more! DCA to winners and cut the shit out!
Hopefully you have sold all the shit and speculative assets, they will go to zero. We will get the bust where 95% of these coins will be gone forever. Educate yourself with dotcom bubble.
Excellent time to start learning more, fun is just starting!
Be safe and have fun! ❤
Sources and good reads: