Monday Market Musings | Week 14 | 2024

in The Man Cave Project8 months ago

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Musings Are Back

After a week's hiatus during which I simply had nothing meaningful to say about crypto because I was having TOO much trouble dealing with the loss of two dogs in just two months, today it's time again to share some crypto musings.

Not surprisingly, this may have something to do with the idea in my head of what it would be like to not have to worry about money anymore. What it would be like if I could buy everything I wanted, and what it would be like if my crypto portfolio provided me with this? But is this even a possibility?

Back To Reality

Let me get real again right away. No, I don't expect this to be a possibility for me. And that has everything to do with the fact that I have never been able to invest much to build anything. It has always been the case for me that much of what I was able to earn through Hive also had to be taken out again because it was needed for one thing or another. This sometimes feels a bit sad, but at the same time, I am also very grateful that it was possible this way. If I hadn't had the Hive earnings, things would have been much worse for my partner and me. But this has a downside.

No Huge Crypto Portfolio For Me

And the downside is of course that I haven't built up a huge crypto portfolio, and that sometimes stings. Especially now that we are in the pre-halvening bull market. Yeah, sorry @raymondspeaks, I sometimes see you say in Discord that we are still in a bear market, but that seems to be different. And you know, I do believe it's different. I certainly believe we have been in the bull market for quite some time. It appears that the bull market takes place about 51% BEFORE the halvening. The remaining 49% will take place after the halvening. And that is also the most aggressive part of the bull market, the well-known and much-desired parabolic movement of Bitcoin.

500+ Days!

Today I found an account on tradingview.com that made me pause. Let all of you take in what you see here!


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Do you realize this?

500 more days of the bull market ahead! 500+ days! That's almost 2 years! And that corresponds quite well with what @silverstackeruk told me many times. He has said it so many times that you should look at approximately September 2025. I'll take a small approach and take a slightly broader view... say from July 2025 with an extension to November 2025 or so. I don't even know yet, but what this means the most to me is that we have all survived another bear market. From now on it should become quite clear that we are in the bull market. Halvening is only 11 days and 17 hours away.

No Guarantees

Of course, we all know that past results do not guarantee future results. Oh all those death eaters, we all know them. Crypto is volatile, it's a matter of supply and demand, and more and more regulation is coming... so many things that can influence the price. But these things have always been there, the uncertainty surrounding crypto has never been different, and yet Bitcoin has followed the same pattern since 2008. Why would things be different this time?

Certainties

In short, the halvening is certain to happen, and then the remaining 49% of the bull market begins. The part everyone looks forward to.

Golden Ratio

Just a picture to show how the previous three cycles went. And how I get 51% and 49%. These are the figures of the Golden Ratio. As a photographer, I was already familiar with the Golden Ratio, but believe me... I prefer to see it in crypto. Especially now that we should logically expect that the second and best part is just around the corner!

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Fasten Your Seatbelts, We're Getting Ready For Take-Off!

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Run it!

Sorry to hear about the dogs. Always sad to lose a friend.

As for crypto, I've no idea where it's going, but I'm sticking with Hive as it's fun. We need to emphasise that aspect.

!BEER


Hey @brofund, here is a little bit of BEER from @steevc for you. Enjoy it!

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