Personally do not think this bear market is over and much lower is coming later this year
We are only 7/12 months into bear
I already own lots of $TROLL and $PEPE, but not buying anything more until October
As of writing this btc is at ~76k,
Opportunity to add much lower IMO
@Hugzgrowth@CrashiusClay69 Bundles can be a good thing, brett went to 2 billion despite all the fud about it being bundled
Honestly if bundled correctly, can be really bullish
Everything is bundled btw, there is no "fair luanch"
Here's why I disagree with Poseidon:
4 yr cycle like 2014, 2018 and 2022 would indicate 12 months from peak to bottom
Stocks remain at ath and have not broken down yet
Several on chain indicators do not indicate we have bottomed - MVRV Z score, realised price, balanced price
Has $BTC bottomed? Highly likely, yes.
Is $BTC going to hit $100k this year? Highly likely, NO.
I think we have finished with price capitulation, and we will now experience time capitulation until the EYO. We might reach a maximum of around $85k, but definitely not $100k.
8 months into the bear market
$BRETT still has really impressive daily volume relative to all memes near its market cap
Volumes:
$BRETT 28mil
$TROLL 2mil
$useless 5mil
$wojak 2mil
$asteroid 5mil
At 50m market cap, brett is a 40x to prev ath
It's a proven play
Interesting
@CrashiusClay69 Hey crash, I like $wojak but why do u think it really struggled last cycle.
It's literally the same team, don't see why next cycle is Different
@Firewnl No asteroid and everything else will go lower
DYOR, but asteroid is the official mascot of a 2 trillion dollar company, more than entire market cap of crypto
I just think it's too big to fail, has a really high ceiling and is one that retail will ape en masse
Plushies sold
Yea tend to agree with this,
Again $TROLL will not just be immune when bitcoin completes its 4 yr cycle in q4 this yr
Why would this time be different?
Expecting minimum 50k BTC and likely lower
So entry to troll in October is gonna be a really really nice entry
Be smart
Two ways to trade $asteroid
Obsess over every catalyst, discuss it to death, sell for a 40% gain and try and time rentries lower for your next scalp
Get a good entry, sit on your hands, wait for Elon to slap an asteroid sticker on a spaceship or integrate it into SpaceX branding. Pray major cex list it. Sell at 500m-1b
@Firewnl If u watch ansem he flip flops a lot
He's a trader not a long term holder
He can be bullish for a month and then flip bearish the next
Also 1 man does not control liquidity, when btc goes lower everything is fucked
@CryptoWizardd That makes ZERO sense, does not follow any crypto bear market we've ever had
The path is lower and bottom in q4 like always.
Why are u trying to be cute and different?
@CryptoParadyme@boldleonidas Hyperliquid will follow the stock market
My logic on it is this, would I buy a fuck ton of the snp here? No
I really think stocks will correct towards end of yr, drag crypto to a final low and hype will have no where to go but lower
Really think here is a bad entry IMO
In honor of @SpaceX releasing the new Asteroid plush this September, Iโm giving away a few of my original Polaris Dawn edition Asteroids (the replicas previously sold on the SpaceX store)!
I have a few cases left and want to gift a handful directly to deserving children in the **United States only**โ especially young space fans, kids facing health challenges, or children who could use some cosmic joy. No purchase needed โ just pure giving.
Reply with a short story about the child (age + why theyโd love it). Iโll pick winners based on the most heartfelt responses.
One entry per family. Multiple accounts = disqualified.
Letโs keep this pure and celebrate Livโs dream by getting these to kids who will cherish them! ๐
'I want Asteroid to be for every child and help them see, Oh, Asteroid went to space and I can too. I can achieve my dreams.'
โ Liv Perrotto