Is anybody else feeling this way?
I’ll admit it:
I have severe PTSD from round tripping my 7-figure crypto bags back to low 6 figures last cycle. And my PTSD has only INCREASED from this bull run, which hasn’t been easy to navigate by ANY stretch of the imagination.
Every rally feels like a fake out to me. Every time my portfolio starts ripping, I’m not believing it and waiting for the next show to fall that sends my bags down 25%-40% in a heartbeat.
It takes weeks for tokens to move 100% higher and 1-2 days to completely erase those gains and send them lower than where they started at the 100% move.
Feels very much like 1 step forward, 2 steps back kind of situation.
I’m praying with every fiber of my being that this bull run isn’t finished. That BTC hasn’t topped yet. That alts still have one massive euphoric multi-month run left in them. That the FED doesn’t shit on our parade with their actions or their tone towards the economy and rates.
I’m having flashbacks of late 2021 when the fed came out and said they would start raising rates in 2022, and every dipshit “expert” crypto analyst I followed disregarded that and claimed that there would be an elongated crypto bull cycle bc “iNsTiTutIoNs & eL sAlvAdOrE aRe bUyIng nOw” so “tHis tiMe iT’s diFfEReNt!”
I keep telling myself this is Jan 2025, which is analogous to Jan 2021, and there SHOULD be a lot of bull run to go before it all goes to shit. The fed is still cutting rates at least for now. Trump comes in Jan 20th which should provide a huge boost for all risk on assets including crypto as he pushes for low rates and a weaker dollar again. And that BTC hasn’t shown much confluence of topping indicators to make the case that its topped out for this cycle.
But I don’t know if I’m telling myself a story that fits what I want to believe, or if I’m being logical. Or both. 🤷
I’ve said this to my friends and family before and I’ll say it again:
I HATE crypto bull runs. While I don’t LOVE bear markets, they are EASY to navigate once you know you’re in one. And they present incredible opportunities to research and buy projects that no one is looking at and no one cares about bc the whole world believes crypto is dead except the biggest degens like myself. Bear markets are just research, buy, hold, stake and chill.
Bull markets on the other hand are chaotic, vicious, and they make you second guess and doubt yourself at every turn.
“Am I in the right projects?”
“Shit! I missed that one and it’s up 10,000% in a month! How the fuck did I miss that?”
“Every token is ripping higher but mine. I don’t want to chase green candles but I also don’t want to miss the opportunity to be in a project that can retire me in a year”.
And then throw on top of that the tens of thousands of new projects popping up, most of which are rug pulls and scams.
Throw in crazy crashes, black swan events like Israel/iran, Covid, etc.
Throw in 8 month long dips and accumulation zones that tire you out and make you question whether you’re still in a bull run or not.
Content creators pumping this token and that token. And there’s simply not enough $ to buy them all and most of these KOLs are pieces of shit that want to dump their bags on you as exit liquidity anyway.
Bull markets are insane and so draining.
I can’t fucking wait to GTFO of this. Hopefully with life changing profits this time around. That way when I get back in during the next bear, it will just be with an amount of money that is negligible to me rather than my life savings.
This shit has aged me 10 years since the start of 2024.
Is anybody else feeling this way?
@FlyFrontier Nice of you guys to have 200 people board a plane knowing the pilots had timed out. Delayed the flight by 2 hours , just to cancel the flight and reschedule 6 hours later . What a sleazeball way to get out of paying hotels of all the people that had to wait 8 hours