Some key things I gathered from this bull run.
- Dont underestimate the bulls
- halvings seem to be a great pumping mechanism. 3 times and 3 pumps. It may take a few months.
- The same banks that insulted Bitcoin investors 2 years ago now are recommending Bitcoin and some banks even going as far as to claim BTC will hit 310k before 2022. MAD!
Who knows how high we go yall. I recommend walking that stop loss up to lock in those profits. That is what makes me smile. Risk management. At these levels lets not kid ourselves. Bitcoin will ruin your day if you are oblivious. And Ive been here 3 years now. Learned my lessons. That is why I always say set a stop loss. Its not rocket science and I know some of you disagree but it really is like a back up parachute. You hope you never need it but I sure aint jumping without one.
Being above 20k is the reward to all of us that have put up with 3200 dollar Bitcoin less than 3 years ago. Will there be a drop eventually? Highly likely folks. But one thing BTC has going for it this pump is institutions like Paypal and Grayscale want in now. They are scooping it up like its a buffet. That is telling. These companies wouldnt be dropping big money on Bitcoin if they werent bullish. Of course they could be wrong. But I am definitely bullish. I cant see any reason not to be.
Even though a pull back will show up eventually enjoy your time on Mars yall. Its fun up here
Written by: Tim Pace 12–16–2020