Weight loss tends to be a very heated discussion transcending all times both past, present and definitely will still be echoing for generations to come. And on the other hand, weight gain is another anchor script to a non ending sit com.
They say money is the root of all evil, well if the devil had them bands stacked he probably would have bought himself a one-way trip off hell (🎶 bands would make her dance, bands would make her dance, all these cheeks popping aye🎶...if you know, you know laughs).
I feel it's the extreme love of money that plays devil's advocate to most of us, planting intoxicating emotions and intentions, leading to poor judgement and decisions. This tends to happen alot when it comes to finance.
When it comes to getting a perfectly sculpted body figure, we tend to ask ourselves do we bulk first then cut or bulk and cut instantaneously. It all boils down to the strategy that works best for you--that takes you faster to your body goals.
Would have said the same plays centre stage for your finance, but we all know the game of finance is always a constantly changing labyrinth. And if you not always on the look out you miss it completely.
So how does your scale weigh? Does it weigh sh!tcoins or does it weigh value backed with potential growth?
Bitcoin is in an 80/20 indication valued as a sh!tcoin.
Bitcoin is more or less like a celebrated talented athlete getting a tone of endorsement during his (or her) prime, being trolled by big pockets and institutions causing a pull and push effect to shoot start a climb by every shorts options put into action.
Ahoy ye pirates, it's a fools gold though none the less, i for one still trying to get more of what this treasure chest has to offer.
Ethereum is a whole other bank of its own, and definitely not a sh!tcoin, but i think of it more of the technological blue print that paved the way for other altcoins and hard forks. In as much as it was the goal of Ethereum to create an interoperative link between every blockchain in the crypto space and failed, it's still a coin with great value. But to what height that value stretches to, i can't clearly say. Being that Ethereum's Foster Kids Cardano and Polkadot already speeding through miles and exchanging batons to see the goals of Ethereum which is much theirs now achieved.
With new hard fork combinators and RC-ed 10 and RC-ed 20's tokens emerging every second, a tone load of sh!tcoins are making their own drops into the already densed saturated decentralized ecosystem.
The challenge now is, too much of these sh!tcoins are taking up most of the spaces, thus making it difficult for people to easily navigate their way to coins with value.
Even with such cluster, you had think that's all there is to it. But thanks to Elon Musk meme coins have become a thing now. If you thought for one tiny itty-bitty second sh!tcoins was bad, well get a loud of meme coins laughs.
Top of the memecoin pyramid, Dogecoin would definitely be taking the Neil Armstrong throttle shot to the moon on that one.
Meme coins are like weight loss goals, you shred a good amount of pounds and before you know it, you back at where you started or some extra pounds more. So i guess they will probably do more harm than good to the tweet-monitoring economic news analog analytic traders looking to get a quick win off a gamble of sheer luck and less control.
...that's risky, it's kind of like putting your funds into a diversified mutual funds handled by an accountant (where you have no control of whatsover to maximize your profit margins or minimize your losses) with a 50-50% guarantee of accruing an ROI of any sort.
So what's a bulk and what's a cut?
This is pretty much gym bud lingo, if you take creatine, whey protein shakes or renew your gym subscription on the regular you will probably have an idea of it.
But for the sake of this...i'm just going to toss the mats, dumbbells and treadmills to the back and just run on numbers.
Ok so let's get married...
In this context bulking and cutting instanteously mirrors financial traders and not investors. Every investor is a trader, but not every trader is an investor. Bulking and cutting is somewhat of a trader's strategy to a trade on a chart. Most usually rolling on the 4 hours chart and some just go intraday trading. Put a buy option into action hoping to call a short profit when it reaches a specific height, with reaching that height they exit the market and collect their initial cap including the profit margin and looks for the next trade.
It's a nice trade only if you are a seasoned old timer on the charts having more knowledge of both the technical indicators (Ichimoku Kinko Hyo, Bollingers, SMA or Parabolic SARs) and fundamental analysis.
But we all know when the non farm payroll season hits the market is on top speed and highly volatile, it can make or break you. And when the consumer index is high in ratio to high unexpected predictions of unemployment that's another volatile moment. And you also have the financial advisor (quack quack quack, but not all of them are ducks, their a few good ones who know their way around the charts) with huge follows tagging entry and exit points.
The aforementioned three scenarios affects the market, when technical indicators and fundamental analysis battle in this case, fundamental analysis gets the win. So no matter how good you are in retrospect to understanding the technical indicators you could run at a loss and a huge loss in a very volatile market.
Again that's more risk and no control, it pretty much looks like a big gamble to me. Buck buck buck, buck buck buck, buck buck buck, cutting your losses early doesn't make you a chicken, it makes your loss less heavy.
The early bird eats the worm. Success is when opportunity meets preparedness. Just bulking is going the whole nine yards, hodling you coins for the long run. The only difference between hodling and the diversify your funds into mutual funds, pray and wait strategy is that with hodling you have more control of your money. And the charts are more in your face as per back in the days were you relied more on your fund manager or accountant debrief you on the current market cap, stock gains, potential blue chip stocks and statement.
You could say bulking is not just about hodling, it's also putting your crypto coins into yield farming liquidity pools to harvest your returns, but if the promised APY % is too good to be true, then run off the carpet before your coins get rug pulled.
Collateralizing your crypto coins as credit score for a loan is also another way to bulking.
You could also say staking up a few coins for pool and minted block rewards is another way to add more abs to your vault.
I for one think just bulking is the best strategy, but if bulking and cutting is what works for you then you do that.
Uh, and don't forget to do your own research though and as a rule of thumbs always put in money you are comfortable with losing, in case loss happens you don't end up in some ER breathing off some oxygen machine.
So how do you spot the ocean and not the fish?
Forget about the total trading volumes, forget about the 24 hours circulating supply it's just bait, forget the position it holds on the chart, focus your net more on it's worth in terms of its value, can it's use case hold a 10 Pound whale, can you see it's utility as something with growing potential and mass adoption?
I leave you in the words of Robert Kiyosaki - Predicting the market is not the key to riches, being prepared for whichever direction it goes is.
