Back in December I remember seeing bitcoin shoot from 7k to 20k in just three weeks. Think about that for a second. I remember it vividly, because I was one of those guy who had sent coinbase a wire and felt like strangling someone every day that went by and the money was not available. Now we know that run was unsustainable, it was thrill and Euphoria at best, so we were sure to come crashing down hard.
We are in the middle of the year now, and we've seen bitcoin's small bleed out to a valuation none of us ever imagined to see again. I remember buying half a bitcoin at 11k and feeling like I had missed the big train. Looking back, I was not only wrong about the train itself, but I had absolutely no clue how these markets actually work.
It's because of this that I feel comfortable saying the movie flick will roll again. Something very similar will happen this year, optimism will return and when It does I hope to be emotional balanced enough to not let myself be carried away by the numbers thinking that it could never come down again, because that is exactly how we mess up.
If you ask me, the clock is ticking, we just need one thing to start the domino effect. If I had to guess it will be one of those giant orders on the "special books" we keep hearing about. Old money trying to get into crypto in big numbers, so big, no order book on any exchange could ever fill.
This is a somewhat old article by crypto standards, but its still quite relevant to the conversation. The regulation we all hate to even think about is a key part of the puzzle for this "old money" to join the party.
Why? you may ask - Because the old money does not want to be part of Steem, run staking wallets, learn how to setup nodes on a linux machine or anything that complicated. They want to buy, hide their assets and lock the gains a lot later in the game. The development of products for them ETFs CTFs and alike are not only being proposed, they are already being implemented. This will give the markets a sturdier base and liquidity.
I'm not telling anyone what to do right now. For all I know, everything I've read about the subject could be way off, however I happen to believe in the power of Greed. Yes, I've said greed. To the old money, this revolution of ours is not important, they don't want to change things, they like the system the way it is, but they also know they can't stop it, and they don't want to miss out.
It might be a couple of months still before this doesn't feel like my fridge might be empty tomorrow, but I will continue to tighten up the belt. Because, I'm not going away.
