Yup Yup, I am a Believer.
Bear Market Blues days are over, it麓s done.
Time for something new.
Welcome to the Bore market!
No, not a Boar Market although that would make more sense as we have a Bull and A Bear already. Although this Bear market for me was more of a beer market. I need lots of the juice to drink away the pain. But those times are behind us, so I will need to visit some AA meetings and get ready for that exciting era of accumulation also known as the Bore Market.
Volatility has actually never been this low:
Of course that is Youtube talking, it has been lower just have a look on GlassNode yourself, but the last time it was this low or lower was in Dec 2016 on 19 Dec just before the 2017 Bull run. That run took BTC from $750 on 19 Dec 2016 to 19K on 19 Dec 2017. A modest 22X in a year's time.
Looking at the cycles our current low volatility might not even be the actual Low for this cycle. If we follow the hypothesis that after the volatility low in the Bore market comes the Bull run. Because that volatility low happened 3 in October:
At that point in time BTC did go up from January $250 to $620 in October. Now of course those were other times but it tells me two things. If this is the volatility low we will see a nice Bull Market soon. If this is just a low volatility period and we trust the cycles.... we get another year of these volatility freezes before the bulls come in.
After messing up by not trusting in the cycles during the last bull run, I now have put more faith in them. Let's see how that gets me REKT. Probably less than Newbies like Snoop Cat on TORUM:
This cat put all his nine lives in the halving and not even the real halving but the halving of a conduit.
During every halving the price always pumps! Right?
Technically for BTC that is right of course. But asking this 2 days after the halving is kinda showing the problem with certain mindsets. The Halving is not a date, it麓s a period in a cycle. And in general, you will see an incline in the price during this period. But of course, it dumps tight after.....sell the news dude, and buy it back when all the noobs are selling their disappointment.
But the real halving is still far away. BTC is in no-mans land atm. Trading in a range for 50 days. People keep screaming that something will break, but not while half of the world's population is taking a break. This is the harsh reality of summertime sadness. This is why you sell in May and go away, to not get bored out of your mind over the summer.
Since May we have been in a 28-31K range which means less than 10% up or down, that is great for stocks, but this is BTC bitch!
We are used to volatility, we don麓t do 10% stability, although right now:
Only fools and horses are left trading, and it feels very much like the summer of 2021;
Going down to 31K in June and it took three months of nothingness to finally start moving again in September, but what a move that was. It was a quickie but it made me so much money. Unfortunately, I did not take everything out at the peak, as I thought that prolonged cycle narrative. While I took out most I started buying back in Feb when BTC was down to 40K.
Kinda like that XRP Dude, a Tik Tok Jock that mortgaged his house for $500K and put it all in XRP in Feb 2022. Money_talk_tok bought at $0.69 and has been at a loss ever since at some point even a 50% loss and that is still okay I have made investments that went to a 90% loss. Now the story does not say if he sold when the ruling was positive last month. I so hope he did otherwise he麓s at a loss once again.
I did quite nicely on my XRP bet. I bought it for about $250 of XRP and sold it for about $300, leaving me with a $150 bag of free XRP and a $50 profit. On the downside that was the only fun thing since this Bore market started.
But if you are thinking about selling your house to buy crypto, or mortgage it it does seems like this is the time. Not financial advice of course, but this accu隆mulation phase has lasted quite a while institutions seem to be buying and Blackrock is paying people to make crypto sound greener. So Public opinion is manipulated again into like the Digi gold, and once the holidays are done I am expecting that to show.
This Boar Market will take us into September before I expect these very narrow Bollinger bands to expand a lot more, so I guess I need to get more Beer to deal with the Boredom for now.
Although based on what I am seeing I expect that the boredom will die with a dip (manipulated for the rich to scoop up some more) and then the trajectory will be up and up because that is what happens every halving. And if I need to trust anything atm, it is the cycle. Although I do take caution if BR really plays dirty they pump the price, get everyone on board, dump the price buy even more, and then the halving happens.
Thank goodness you made it till the end peace, love and I am out of here!
[Source Pic](All pictures are by MyI & AI)
