Keeping things short. I think we should be bracing ourselves for the winter that is coming. I don't know what prices will look like, I'm not here to give you predictions. But this is what I know.
The fed is taking a more "hawkish" approach to the market. Inflation isn't transitory. Interest rates will rise with the new year and things will look dismal.
Omicron is just another variant that isn't the first and certainly isn't the last. Supply chains won't get better soon.
The current bull cycle is pushing 500+ days. This can't just "keep" going up. Volume is low, the market is quite and it's much more likely the new wave of volume will be sells and not buys.
I know it's not the top you've all been expecting, things haven't mooned the way you've wanted it to but that's how they get you. The greed sets in and aths become the new low. WE CAN GO HIGHER, they chant. Don't succumb, take profits.
I'm sure I'll be kicking myself as prices move higher but as a veteran from getting absolutely decimated from the crash of 2018, I loaded up in 2019 and decided that greed is something that needs to be kept in check and that if I wait long enough, I'll eventually be able to buy in below where we are now.
I'm long term crypto, don't get me wrong. I'll still hold maybe 30% but a majority of it is getting sold.
For all you US folks, watch the market as we head into the new year. I think everybody is looking to push their taxes back a year and I think we'll see big profit taking over the next week.
Be strong, be well, and fuck banks. It won't be this cycle and it might not be the next but eventually we'll overthrow their corrupt oligarchy.
Until next time friends.
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