I'm impressed by the whole of this market. For a second time. It looks like we are reliving the glorious days of 2017, when everyone was pro crypto, and Bitcoin was part of conversations in company board meetings.
Bitcoin, a failed digital currency experiment, was rebranded and relaunched as "digital gold". The "store of value" narrative that was launched by the Bitcoin Core think-tanks did not go too well and "digital gold" was sound and more convincing. Not money though, you can buy a Tesla with Bitcoin but nothing else and the failure of Bitcoin Core is going to hunt it forever.
We already know all of these though, but the important part to remember is that all of this price action has happened before.
For Bitcoin it happened two more times and for the rest cryptocurrencies it is the second time. The bull runs have expiry dates. It is growing in numbers that can have an impact when the prices crash. This time it will not be different.
Everyone that buys at the top is going to lose a lot of money, some will lose significant money to them that will be irreplaceable. Following irrational investing process means that you are investing with money that you didn't deserve having.
We are all gamblers when we invest in stocks and cryptocurrencies. But we are not all degenarate gamblers and we are not all going blindly in our investment process without having a clear plan that we follow.
My strategy is to wait and I can wait for two more years. When those that are today becoming holders and are on each website screaming about Doge and PancakeSwap, I will be buying when they sell low.
We are having retail adoption now at levels higher than the top of 2017. The noobs are buying just anything. They have no idea what Stellar is, they will buy, and not just buy but also recommend it to others. And they will also pay streamers to talk about Stellar, and this goes for each crypto we have. The plan is set in motion and this is the top. I'm counting weeks before the end.
May is here and crypto is living its final weeks of a bull run. I'm looking everywhere around me and see everyone that was lucky enough to still have cash in hand trying to get it in and invest.
And then we listen to the professional trolls that for years have this as their job. The latest one I've heard is this: "This time is different! There is so much money that a crash is impossible!".
Of course, the guy that responded like that to my posts knows better. These are the sharks. Everyone in the game for years have studied and understands better.
It is always the same. And this talk, is used both ways by speculating entities that force the market. Tether is making money without anything to back it.
It is not backed by shit. It is backed by whatever trust you have in Paolo Ardoino. It is based on trust on a single person that resembles his ancestors in the 1920's families in America that were running the underground.
Paolo has it in his blood, in his words and in his eyes. He is cold blooded and does not care about consequences. He gets away with the SEC and the courts because this case is not an easy one to escape, and he has backing. Nobody can touch Tether, so it was decided to just let Tether bust and destroy Bitcoin on its way down to nothing.
A pegged currency as a private investment is just a joke. It was created as a trick to cover for the so called Bitfinex "hack", made some shady loans to Bitfinex, had cash reserves in the shadiest banks around the world, and is basically nothing. It prints without anything coming as cover. It is just Paolo printing and already made it to 56 billion Tether, with target of reaching 100 billion by the end of next month.
Tether is the offspring of the Karpeles Willy Bot that was pumping the Bitcoin price in the early days, for three years until the MtGox eventual collapse. Karpeles is not in jail, why should Ardoino think that he will have such trouble.
Tether is fake money just as Karpeles was buying Bitcoins in his MtGox exchange without real money. It will have the same fate, Bitcoin will crash because of it and nobody gets hurt, but the last investors buying the top.
