I’ve taken $50,000 from my parents over the past 6 months for “college tuition”. I dropped out in December 2021 and deposited it all to binance so my portfolio could be at ATH again.
@LadyofCrypto1 This is why the majority of my portfolio is invested into projects with a market cap under $50m.
Some examples below:
$TRIAS - L1
$NAKA - Gaming
$CHNG - DEX
$RIO - RWA Tokenisation
$VRA - Digital advertising
$LEOX - Physical asset tokenisation
$WINR - GamblieFi
Porn isn’t real sex.
Cocaine isn’t real energy.
Alcohol isn’t real courage.
Gambling isn’t real investing.
Video games isn’t real life.
Caffeine isn’t real adrenaline.
Mainstream news isn’t real facts.
Social media isn’t real social.
$USD isn’t real money.
But #Bitcoin is.
🚩Be extra careful in the next few days regarding altcoins. People calling out for altseason while #Bitcoin dominance broke out today above huge two year resistance. What does it mean ?
If the dominance that rose today continues to pump, and BTC decides to dump. You can prepare for an altcoin season in other way, a massacre like rarely seen before. Such dumps will result in easy -20% for alts in one day, and this will continue as long dominance keeps rising and BTC dumping.
Best case scenario for the whole market would be that the dominance breakout turns out to be a fakeout, and Bitcoin pumps. That would take us to the alt season.
At the same time ETH/ BTC dumping hard, If support can’t hold you can expect ETH to be strong underperformer vs BTC in next days, same goes for alts.
However, with todays explosive breakout you need to be extra cautious with your alts holdings.
Summary:
Dominance pump + BTC pump = Altcoin dump
Dominance pump + BTC dump = Altcoin massacre
Dominance dump + BTC pump = Altseason
Investing in #crypto is risky.
You can literally lose all of your money to a rug pull, bankruptcy, wallet hack, smart contract hack, or just a shitcoin going to zero.
Never invest more than you can afford to lose.
QE is back
Money printers back
Was newly printed money injected into the markets yet ? No.
When will they be injected into the markets ? At the absolute worst case
Do we have a lot of dry powder now? Yes, because of increased FED balance sheet gives hopes for investors and institutions
Do we have the lowest unemployment rate in history ? Yes, very bad indicator to defeat inflation with
Are credit card debts at an all time high ? Yes
Is the housing market about to collapse as it did in 2008 ? Yes
Are we in a bull market ? No.
Despite all the noise, I know that the vast majority of those who follow me are genuine and good people. And these deserve an update:
This time away from Twitter has been very good and necessary. I'm totally fine, enjoying my personal life. Thank you to everyone who has shown interest.
Price broke 25k but altcoins didn't follow and they are at major resistances. My system keeps telling me that the move from the lows is a highly manipulated move (mostly with BUSD and USDC) and soon the truth will come out. And when that happens...
I remain bearish and fully out of the market. New lows are still likely.
When whales take profit on $BTC, it gets corrected. Meanwhile, your alts get corrected automatically. Those profits will flow in altcoins on the weekend, so I am expecting some juicy pompy weekend. Your time is coming #HoDL tf plz with patience