We just entered stage 2, and wether you like it or not:
Bitcoin is flirting with all time high
Mid mCaps keep losing dominance
Alts bleeding like crazy
Memecoins are 2-3xing every day
It's on, we are officially on a bull market
Tip: Diamond hand your alts or you will start this stage with the wrong foot.
We're flirting with BTCs all time highs, we're basically reviving from the ashes. We're still exhausted from the bears lasting so long, perhaps the longest bear market so far, and I personally still have PTSD from these 3 years and all the rugs and scams I endured. But there is now hope in the horizon, although the market claims them for itself rapidly, new narratives come out but they fade quickly - just like socialFi, which died after a few months of bonanza.
The media and the normies are still talking about Luna and FTX without realizing that we're already pushing through all time highs, coinBase is still a top 150 app on the appstore.
Prices are quietly recovering. Our bags from the last run that we didn't sell and then went down 90% are trying, striving to recover and if you picked correctly they might be up 5x, but that means nothing when you're still down 50% off the high.
The bear market is officially over. Your coins are eyeing those all-time highs, some have even blown past them. Everyone in crypto is on the same page - we're in a bull market, even that cousin you brought in through some meme coin. It's kinda funny; but there's a caveat: your normie friends aren't hitting you up yet.
You're in this weird mix of pumped and nervous. Your crypto stash is growing, but you're feeling like you need more. Your company is hiring, and you're back to ordering guac at Chipotle. Life is good, all your crypto buddies are winning. It's the calm before the storm.
Now, onto stage three: Euphoria. Everything you got is breaking past those all-time highs. Used to be a new story every week, now it's every day. The private market is going bonkers. VCs are throwing around crazy funds without bothering with due diligence. Every week, a new company is shouting about their $100 million raise. We're mainstream again - Forbes, Bloomberg, CNBC, they're all about crypto. And then things get weird.
Fortune 500s are buying Bitcoin, athletes and artists are jumping into the crypto scene. Everyone's thinking this party will never end, delusion is seeping into decisions.
And that brings us to stage four: Disconnection. Or as some call it, Insanity. Nothing makes sense anymore. You got more money than you ever dreamed. Your friend, who knows zilch about crypto, launches a token and becomes worth hundreds of millions overnight. A crypto person buys a sports team. Justin Bieber is on some decentralized social platform. Crypto companies are burning billions on marketing. But guess what? It's not real.
If you're not careful, your swagger and laziness during this stage might make the next two years a bumpy ride. So, buckle up, the next 18 months will be a wild ride.
Enjoy the highs, take a breather when it gets too much, and let's build generational wealth 🫡
Posted Using InLeo Alpha