$BTC crossing $120,000 and dropping below $60,000 made me realize why a lot of us will never get rich with crypto, even if you have $10M trading capital, you won't leave the market rich, your portfolio might grow to $60M but none of those profits will enter the real world.
I remember when I saw someone selling all his Bitcoin at $110,000 and not minding if the price of Bitcoin goes to $400,000 after selling and now, I see how smart that move he made was.
Most people don't sell and take profit in a bull market because of emotions, they love the daily increasing number on their screen and then they forget reality, they forget that the smart thing to do is to take profit and wait for another opportunity, even if it takes months to come, patiently wait for it.
Buying Bitcoin at $46,000 and holding it until it gets to $120,000 without taking profits and dropping back to $60,000 is not a flex or achievement, it is a terrible mistake.
And it is not just on BITCOIN people made this mistake, they did this on $ETH and $BNB
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I said this last week but I still want to say it again, a lot of people are waiting for $BTC to get to $80,000 before they start buying, so that by the time Bitcoin is at $100,000 they must have made some profits, but… if you have this faith in Bitcoin, why don’t you just buy now it is below $65,000 ?
I used to have so much love for these meme coins - $BONK - $PENGU and $PEPE, right now, it seems like all hope is lost for people holding them, new meme coins are being created daily and running to $100M - $500M market cap and these ones are just here, laying low
I hit my SL when I tried to short $CYS And I immediately did not try to look for position to short again, this week, if you are going to be trading CYS, I want you to be very careful.
Trade With Low leverage and Make sure you use Sl on all your trade.
CYS is as volatile as $LAB and $BANK few weeks ago.
Well! Another reason you can use to bullish on $BTC is that over 2M Units of Bitcoins have been lost on Centralized exchanges and also decentralized wallets, and this goes for $ETH too
People learnt life changing lessons about investing with $TRUMP and $SPCX, I mean lessons that they spent $50,000(+) to learn.
Investing is such a great teacher and one thing it teaches you the hard way (most times) is that no matter how much of a fan you are to someone, don’t buy their coins or stocks just because you like them.
Liking them is not enough reason, I know a lot of people holding $BNB because of CZ and this is not good, what happens when CZ is no longer bullish on BNB? Do you lose faith
⛔️⚠️ If you have a portfolio of over $300K worth of $BTC - $ETH or $SOL, stop posting pictures of where you live, or where you work, someone you visit regularly, somewhere you visit regularly or family members or close friends on the internet.
This is very important, I know a lot of you want to post your $500,000 PNL Card on the internet but remember, there are a lot of bad eyes watching, please be careful.
This is also a security measure that is not often spoken about, share this with everyone you know, save a friend + stranger today