I couldn't help it but feel alll... sooo... excited about this bullish momentum of Bitcoin as it is trying to get passed with its 38K dollars resistance point at this current time. However it would not be long and BTC would break-out and might even surpass its all-time high price of nearly 70K especially and I mean especially now that rumors of ETF approval is nigh. What it means that more big players will be able to basically buy BTC with their hundreds of millions if not billions of funds and that will effective make the value of BITC to soar lie it was doing ever since its inception and making higher highs of its value. What is good is that if you buy earlier which is now, then you are up to doubling your investment money because of the halving event plus the Bitcoin ETF (hopefully) and making the value of Bitcoin to even soar more than our expectations as it did from its last Bull run on February 2021 in which could have happened much earlier because the CoViD issue is still a big thing back then.
The scare of the CoViD literally put a dent on the charts where the price went straight down to around $3,500 which had made people believe that it was the end of crypto in general. Personally it also had scared me a lot because I am only relying on my earning through this wonderful realm that I never had thought that will appear in my life although it was too little too late for saving my physical body from the complications brought about by my medical issue. However, I am more than grateful and thankful to God that I was able to manage my health because I have already funds to use to patch-up my needs as stated. Well, coming back to the CoViD scare, it is really a great time to buy but the psychology of buying where everything was dumping was so great that most people would say, "Do not buy now it will dip some more". But many people too just bought up with some or all of their funds because of their strong belief of the fundamentals of Bitcoin. Those people are wise and wise enough to really control their emotions and they are one of the winners of this psychological aspect of when to buy in and sell-out.
From that CoViD pandemic dip. some people sold-off, these are the people who are moved by their emotions. But really, people are always moved by their own feelings for anything, I know that because it also happens to me but with the influence of other people or what I have listened to and believing it which is why I would act, and that act may very will be on the stupid side. That is why we are all told to DYOR or "Do your own research". We do have to research about... in this case with some coin, what is it, who made it, is it decentralized or only gangs run it for their own purpose and gain under the cloak of decentralized coin, is it centralized, then get away from it with a ten pole stick and not even look back, does the said coin have value and will get some more value? and that will lead us to researching more about its function, does it make people lives better? If we can know about the coin then we would act accordingly of what will happen next for it and that will give us more confidence about what action to take the moment positive and negative happens for the purpose of benefiting and not loosing cryptos (money) in this peculiar game with cryptocurrencies.
Personally I am planning to do something that I haven't done lately which is to follow my instincts. I actually I did it before to my gain and lacking my profits with Bitcoin. Before the fork of H*** from STEEM, I anticipated that STEEM would pump because usually pumps happen when certain coin is rumored to be created, the price initially pumps. And so I followed what could happen to STEEM's price at that time and so I powered down all my SP except for around 9K+ that I didn't sold. I traded it with BTC and left me with an evergreen savings that would reach what predicted price it should go, usually every after Bitcoin halving or near it. This story is about acting upon what you know and not what other people wants you to believe. That is why it is important to stay in your game based on facts and things that you have observed and learned from the past. Then you will base your final decisions based on those things that you learned in order for you to achieve a winning move and it takes time. The bottom line is that you have to really do your own research and learn from your observations and also your experiences.
But the crypto space is manipulated because many out there with gigantic pockets are able to move the Bitcoin market as they wish. Of course it is hard to believe other than if we are looking at whalealert where certain big whale would or would not move its holding which indicates a big market move coinciding or prior tot he pump or dump just for their supposed gains. Bit one prime bump in the pump road for BTC is the FED rates. So if the FED would suspend rate hikes it will move the cryptos up like we are seeing now, so was the that the factor about this BTC rally? or we are still in the "Buy the rumor" stages which is why the cryptocurrency market is relatively pumping? Well, I hope not because I am more inclined to believe that the native pump of the price of Bitcoin because of its halving is the main factor for this "Bullish trend" of many Altcoins and BTC itself. However, I am also not factoring-out The Bitcoin ETF because this time around the case with US SEC it is different and they may approve BTC ETF maybe even next money for all we know.
Now we are going to another season of pump because of Bitcoin, as we can see, the prices of Altcoins is just mirroring BTC movement. That is important for my view because we all knew what happened during the previous run-up of BTC, our dear Alts had reached their own all time high if not soaring up so much comparatively. It will all give us the idea on where the prices will go and also where our cryptos will take us afterwards which is what we are really hoping to happen like most other people are dreaming about, to make ourselves big and achieving a far more success than we had ever imagined and yet the blockchain technology gave us the opportunity to do so. Then we will just pat our our own backs for a job well done and then going at it again. I mean, there is a possibility to ever experience our past achievements with some coins or cryptos that if we are left with so much of it that we can still use its features like being proof of stake or have a platform which you can earn an almost passive income although you have to make some work to make it happen. I am taking about STEEM token for this instance because for example you are trading STEEM token and you sold it for a decent amount, then you are in profit, if it happens that you are left with a bunch of those tokens because the price collapsed, you can still use those tokens and bring them to steemit to power it up so that you can basically earn curation rewards afterwards, but it is all up to you to do what you want to do with steem tokens in this particular example and still gain other than if you sold for a loss, than that is different although I guess you already know what sensible to do in order to prevent such losses.
My spirits are up now because I hade been waiting for this to happen ever since 2021 right after the supposed breaching of BTC's climb over 70K but was cut because of Putin and a series of unfortunate events from some people who went in power because of their sinister acts of greed and utmost evil intention that caused many people to even take their own lives because of the huge amounts of cryptos that they own to vanish like a puff of smoke in the air. But now BTC is up at it again and thus giving us an opportunity to set our games straight and take action "when the price is right" so that we can finally enjoy what we have worked upon from these past years of accumulation stage. It pays to really plan for our action, being so patient, build our accounts, and earn more cryptos via every means necessary and then sell because the point of investing of course is to gain money and use it to lighten our lives for solving our needs so we can have some peace of mind if rainy days would happen to us or our loved ones in the future.
Re🤬eD
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Yeah, Bitcoin (and Alts) to the moon and then back halfway (to buy again lower)and then to the moon again. What a sustainable process BTC is giving us, the life-blood of cryptocurrency markets. We are indeed in a golden era of monetary freedom to get a fair chance in getting big without capitalists or big corporate take-over eating us in the process. @frankbacon 😁👍
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I powered down all my Steem and bought Bitcoin at $16,000 … but I probably should have bought SBD instead. Now I am rebuilding my Steem again. It’s the place too. Be…
Blurt too…
Anything buying BTC is great and I am glad that we only have one month to totally powerdown STEEM so that we can have a faster time in selling it when its own price to go up following the shadows of Bitcoin price moves. It pays to be consistent and persistent in collecting steem and making use of SBD as well when it also pumps hard where the possibility of it to happen over the next few weeks or months is greater because of how big will be the supposed coming value of Bitcoin within these few weeks and moths before and after the BTC halving especially with its ETC that we all hope would kick on maybe sooner.
Yes… I am collecting Bitcoin from several faucets and sharing my Blurt posts on Nostr via Plebstr.com Https://plebstr.com
Nostr (Plebstr) , Steemit, and Blurt are the best ways to stack lots of Bitcoin.
Especially if you add a WalletofSatoshi Lighting QR code at the bottom of every blog post.
Collect Satoshi forever…
Thanks man, this is a very good way of earning BTC through Zaps apparently. I must look unto this ASAP @offgridlife
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