11-27-2020, 11:56 AM
Welcome to the Show
<!-- SC_OFF --><div class="md"><p>Welcome, OGs, HODLers, noobs, welcome.</p> <p>Welcome to the fucking show.</p> <p>If this is your first circus, gather around. If you've been here before, then get your membership card stamped at the table. If you're certified member, then you're wondering why the fuck I'm even talking.</p> <p>Yeah, this is business as usual.</p> <p>Some of you are looking for answers; others don't even know the questions.</p> <p>Allow me to speak freely. This is the internet after all, what the fuck are you going to do to stop me?</p> <p>When uptrends end, buyers stop placing their limit orders. Buyers like you and me. As normal buyers dry up, the liquidity providers step in and set their sell orders. There needs to be action; this is how exchanges make their money.</p> <p>Unaware people say these sell orders are "whales dumping."</p> <p>Sure, there are probably a few OGs in there, as there are normies. However, the exchanges have to provide liquidity if there isn't enough. At this point, if the buyers don't outweigh the liquidity providers, the longs get liquidated and the shorts come in.</p> <p>Thus, the dump commences.</p> <p>Since the buyers have long since gone, the only ones left are the shorts, the liquidity providers, and the stop losses getting harvested.</p> <p>This is an unregulated market. Thus, my only assumption is that the exchanges are calculating how to trigger the stop loss free fall because they have access to all the order books, even those that are hidden from sight from you and me.</p> <p>You'll never win that game. Some among us get lucky once and think they're invincible.</p> <p>Then it will happen again, and again. You'll be up all night puking out losses when it happens next. Oh the sleepless nights followed by the longest most unproductive days.</p> <p>Welcome to the fucking show.</p> <p>Some of us know, we've been there years ago. But we slept like nothing happened last night, and we'll do the same tonight.</p> <p>This is just another Thursday.</p> <p>This drop isn't done. We're still currently in the longest sustained uptrend in BTC's history without a 30% correction. Think about that. BTC, through all of its parabolic runs has never seen an uptrend as long as we've been in since March without a 30% drop.</p> <p>It's coming, and this is probably it. If not, BTC will have another record in the books.</p> <p>I don't tell people to buy, I don't tell people to sell, I just try to provide context.</p> <p>The context is this: Imagine the 19th century gold rush in the US. People left their homes, traversed snow capped mountains in the dead of winter, passed through the Sonoran Desert during the height of summer, all for the prospect of getting rich on the west coast.</p> <p>Now imagine those same people have access to a device where they can hope to get rich with the few clicks of a button.</p> <p>That's you, me, and all the other Crypto Rushers.</p> <p>Money brings out the worst in people. You're going to see truly horrific stories of people leveraging their life savings, their kids college fund, their house, all for the prospect of getting rich. Divorce, homelessness, suicide will be common themes in the coming months.</p> <p>Money brings out the worst in people.</p> <p>You're going to see people say they are leaving Reddit for a few days.</p> <p>They won't last even a few fucking minutes. This is Hotel Cryptofornia: check out whenever you like, but won't ever leave.</p> <p>If we're truly at the precipice of a parabolic run, this is just the beginning.</p> <p>We've seen the parabolic run that ended in November 2013. We've seen the parabolic run that ended in 2017. And if the 4 year cycle theory holds to be true, we will see a parabolic run end in Q4 of 2021.</p> <p>If history holds true, we will bottom out around $13,500. After that, the next time we see the $20,000 ATH will also be be the last.</p> <p>You wanted in this game, and now you're here. This is the way it is, and it won't end any time soon.</p> <p>So either take the advice from those that have been here long before, or continue the sleepless nights during these dump.</p> <p>What's helped me is:</p> <ol> <li>Pretend my crypto investments are a bill that I pay</li> <li>Never use leverage</li> <li>Only look at my portfolio one day a week</li> <li>Buy every 25+% dip</li> </ol> <p>You also need to have a plan for when to exit. Whether it's a specific price, or a specific time of the year. Figure it out before you buy.</p> <p>I'm not selling shit until Q4 of next year. I don't care what the price is, and I don't care if the top happens to be in Q3 instead.</p> <p>I've made my decisions, I have my plan, and I'm sleeping just fine. If you're not; then get your plan to buy, set your plan to sell, and set your interval of checking your portfolio.</p> <p>And welcome to the fucking show.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Welcome, OGs, HODLers, noobs, welcome.</p> <p>Welcome to the fucking show.</p> <p>If this is your first circus, gather around. If you've been here before, then get your membership card stamped at the table. If you're certified member, then you're wondering why the fuck I'm even talking.</p> <p>Yeah, this is business as usual.</p> <p>Some of you are looking for answers; others don't even know the questions.</p> <p>Allow me to speak freely. This is the internet after all, what the fuck are you going to do to stop me?</p> <p>When uptrends end, buyers stop placing their limit orders. Buyers like you and me. As normal buyers dry up, the liquidity providers step in and set their sell orders. There needs to be action; this is how exchanges make their money.</p> <p>Unaware people say these sell orders are "whales dumping."</p> <p>Sure, there are probably a few OGs in there, as there are normies. However, the exchanges have to provide liquidity if there isn't enough. At this point, if the buyers don't outweigh the liquidity providers, the longs get liquidated and the shorts come in.</p> <p>Thus, the dump commences.</p> <p>Since the buyers have long since gone, the only ones left are the shorts, the liquidity providers, and the stop losses getting harvested.</p> <p>This is an unregulated market. Thus, my only assumption is that the exchanges are calculating how to trigger the stop loss free fall because they have access to all the order books, even those that are hidden from sight from you and me.</p> <p>You'll never win that game. Some among us get lucky once and think they're invincible.</p> <p>Then it will happen again, and again. You'll be up all night puking out losses when it happens next. Oh the sleepless nights followed by the longest most unproductive days.</p> <p>Welcome to the fucking show.</p> <p>Some of us know, we've been there years ago. But we slept like nothing happened last night, and we'll do the same tonight.</p> <p>This is just another Thursday.</p> <p>This drop isn't done. We're still currently in the longest sustained uptrend in BTC's history without a 30% correction. Think about that. BTC, through all of its parabolic runs has never seen an uptrend as long as we've been in since March without a 30% drop.</p> <p>It's coming, and this is probably it. If not, BTC will have another record in the books.</p> <p>I don't tell people to buy, I don't tell people to sell, I just try to provide context.</p> <p>The context is this: Imagine the 19th century gold rush in the US. People left their homes, traversed snow capped mountains in the dead of winter, passed through the Sonoran Desert during the height of summer, all for the prospect of getting rich on the west coast.</p> <p>Now imagine those same people have access to a device where they can hope to get rich with the few clicks of a button.</p> <p>That's you, me, and all the other Crypto Rushers.</p> <p>Money brings out the worst in people. You're going to see truly horrific stories of people leveraging their life savings, their kids college fund, their house, all for the prospect of getting rich. Divorce, homelessness, suicide will be common themes in the coming months.</p> <p>Money brings out the worst in people.</p> <p>You're going to see people say they are leaving Reddit for a few days.</p> <p>They won't last even a few fucking minutes. This is Hotel Cryptofornia: check out whenever you like, but won't ever leave.</p> <p>If we're truly at the precipice of a parabolic run, this is just the beginning.</p> <p>We've seen the parabolic run that ended in November 2013. We've seen the parabolic run that ended in 2017. And if the 4 year cycle theory holds to be true, we will see a parabolic run end in Q4 of 2021.</p> <p>If history holds true, we will bottom out around $13,500. After that, the next time we see the $20,000 ATH will also be be the last.</p> <p>You wanted in this game, and now you're here. This is the way it is, and it won't end any time soon.</p> <p>So either take the advice from those that have been here long before, or continue the sleepless nights during these dump.</p> <p>What's helped me is:</p> <ol> <li>Pretend my crypto investments are a bill that I pay</li> <li>Never use leverage</li> <li>Only look at my portfolio one day a week</li> <li>Buy every 25+% dip</li> </ol> <p>You also need to have a plan for when to exit. Whether it's a specific price, or a specific time of the year. Figure it out before you buy.</p> <p>I'm not selling shit until Q4 of next year. I don't care what the price is, and I don't care if the top happens to be in Q3 instead.</p> <p>I've made my decisions, I have my plan, and I'm sleeping just fine. If you're not; then get your plan to buy, set your plan to sell, and set your interval of checking your portfolio.</p> <p>And welcome to the fucking show.</p> </div><!-- SC_ON --> Kind Regards R