The crypto market is heading towards $2 trillion dollars in total market cap and BTC has just claimed $42,000 a few hours ago. It's not like it's the first time we see Bitcoin at this level, but if feels fantastic when you know in what conditions it is doing that.
We have a nasty war in Ukraine, supply shortages and societal turmoil over the world and inflation looks to be unstoppable. Bitcoin doesn't give a fuck about any of the above and neither does it seem to be holding to its four years cycle pattern that most of us have accustomed themselves with.
It's not like we're in a full swing bull market once again or that anything is certain right now, but it looks like BTC has been forming a quite bullish chart for a few months now, where it has continually formed higher highs and higher lows.
The environment is quite quiet, though, and most of the ones making noise around the price of BTC going up lately and its sustainable upward trend are the maxis, or the ones that are in touch with the markets and CT all day every day.
Plebs are "on stand by mode", waiting for external influencing powers and governmental ones to serve them the next big thing to be afraid of, or such types of confirmations. Retail always comes late to the party and it seems to be loving high prices.
If you are in crypto for a while and have some folks around you that are occasionally asking questions about such assets you have probably noticed that these have been rather quiet lately. Why? The market is still low, they don't have the higher prices confirmation yet.
I don't remember of anyone asking me how to buy crypto during so called bearish times. It's always when the prices are insanely high that they come to the scene and throw money at all sort of shitcoins and even on Bitcoin, but I don't remember of any example of crypto investor buying near the bottom.
That's the problem with the masses, they need confirmation and direction and in most cases are not capable of deciding for themselves or bothering to educate themselves before taking important actions and taking risks.
No media outlet or hype spreader will ever point you towards lifechanging money opportunities and that's why most of the retail is loosing money in crypto. It's so simple to make it in crypto and so obvious, but retail seems to be always on the wrong side of the trade.
Thanks for attention,
Adrian
