So it appears that the Germans have sold almost all of their BTC, and crypto can breathe a sigh of relief; however, there are still MT. GOX recipients, who are also able to dump. There are still those who are pessimistic about the market, and I do not blame them; whenever it appears that the market has bottomed, we see another dip. It has been going on for a long time, and many people have given up hope that a bull market will ever happen again.
So has crypto finally bottomed?
I am not sure, but it appears so, and no analyst will provide an accurate answer to this question. In May 2021, we saw some of the most significant drops in a bull market year, with some coins eventually reaching x20 before the end of December 2021. This is not a post about hopium or anything like that, and I am not going to sit here and tell you that you will be rich in 2025 and your favorite cryptocurrency will do an x20 (even if that is possible).
I am a very realistic person, and sometimes realism can resemble negative thinking. The reality is that no one knows if we have hit bottom, but one thing is certain: the bull market is far from over.
Will numerous projects underperform?
Yes, many projects may not meet their previous ATH, and some will emerge from various wormholes and perform an X100, but the reality is that you will not benefit from it because you are unaware of them, and even if you are, you will never believe they will.
This is the market reality, and even though we are aware of it, many people still require the assurance of hope in order to believe that these dark times will not last forever.
There are people who have seen two full market cycles and are still ignorant; why? It is just that the bear market makes you feel insane. So, even though people are aware of the market pattern every four years, many people continue to make mistakes and end up ruining everything out of fear and despair, and no one is immune to this.
Crypto is not for the faint of heart, and while being realistic is beneficial, there is nothing wrong with balancing it with unrealistic expectations. I call it "baseless" because it is based solely on "hope" rather than logic, charts, proofs, or permutations.
The German Government Is Not Looking For Profit
Regarding the German government's sale of BTC, I will reiterate that they are not looking to profit; they are simply looking to make money and get rid of the coins. If they wanted money, they could have just printed it out of thin air (as every government does), which is another side of the argument, but I prefer to believe they are just selling for fun.
I mean, digital currency that has been confiscated, it is not like they worked for it or bought it, and since they did not work to own that large amount of BTC, I am sure they will not lose anything by selling it; it is a win-win situation for them, and they can go back to printing money once they have spent the BTC funds.
So, for those who say they will regret selling, I do not think they want to X10 the BTC or whatever, and this is just because, as I previously stated, now that they are almost done dumping, I would like to believe the market will just make one last red before finally taking off; BTC is still poised to X3 and reach its apex from its current price.
Time For Hopium?
I am not one of those people who predict 250k or 300k by December 2025; I do not believe BTC will reach 200k, and that is the reality; 180k at best, and if you are looking for X20 or 50, your best bet is altcoins and meme coins. With all of the events that have occurred, it is impossible to predict how well some coins will perform; instead, aim for a realistic price based on the calculations of the last ATH, and do not let greed ruin you.
However, many people who purchased regular meme coins at random will become millionaires in dollars, even more than you, who already have a trusted and reliable project. That is crypto; they are not just lucky; they are in the right place with the right money. It may appear foolish, but crypto can impoverish or make you extremely wealthy, but your goal should be to stick to your plans rather than gambling and casting your net into the ocean.
Here's My take
I feel that this bull market might even ended by October 2025. (This is just a wild but realistic prediction) and may be shorter than the previous one; it will come and go, and you will have to wait another four years (if you are still around and in the game) to make anything reasonable.
So, while it is good to have hopes, it is also important to be realistic, even if it appears pessimistic.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
