From The Moon! - How I Predicted The Top Of The 2021 Bull Run
…And Why I Accumulate Utility Coins Today
Established YouTubers and Crypto Twitter influencers told you to buy Luna while it was crashing and guaranteed that BTC would reach $100k in 2021 (and again in 2022).
No matter their weak predictions or character, these so-called crypto experts will keep growing in followers, views, supporters, and will keep increasing the number in their bank accounts at the expense of their followers.
We can all be wrong when attached to any investment and may not notice the signs of impending doom sometimes. It can happen.
However, when the price is shockingly increasing and reaching a parabolic state, it is unreasonable to assume it will keep rising indefinitely.
That’s what everyone thought was the right approach until the crash in May 2021. And here’s how I predicted the market in multiple posts since March same year.
Bear Market (March 03, 2021)
I published my second article on read.cash on March 3rd, 2021, with the title “Bear Market” when euphoria was peaking and the crypto market participants, in a jubilant mode, were telling us to “have fun staying poor”.
Let’s have a better look:
So, when everyone was living in euphoria telling you at the peak how BTC would eternally rise and displace the dollar with a dysfunctional network, it wasn’t CNBC, Bloomberg, and Forbes that informed you.
It wasn’t Tone Vays, PlanB, Carl the Moon, or Bitboy that raised the alarm but a few with enough experience to recognize how the stars aligned and the bear market was about to initiate imminently.
I’ve been consistent ever since with this assessment. Eventually, the bear market will end within 2023 but not for all cryptocurrencies. BTC in 2025 will probably reach a new ATH, although, that will only be close to $100k and might not even touch that number, as BTC is slowly descending into irrelevancy with the stagnation path Blockstream enforced.
A Repeat Of The Colossal Pump & Dump (March 30, 2021)
Again in March 2021, I published the article:
- A Repeat Of The Colossal Pump & Dump (March 30, 2021)
Let’s dive into details though:
Some incredible things occur at the peak of the bubble. Everyone rushes to promote anything, as crypto news and writers follow deceptive techniques.
This whole market is just tricks, shills, flawed narratives, and misleading titles and false arguments.
Before ADA it was the Chainlink “Marines”, another fake army of bots in Twitter posting non-serious tweets and hyping Chainlink.
We shouldn’t forget the XRP army and occasionally the other kind of bot-armies that appear and try to hype vaporware out of their obscurity (i.e. Verge, Tron, etc..).
ADA went all the way up to $3 during the last bull run. When I wrote that article it was $1.25. Today ADA is priced at $0.25 with a negative outlook.
Bitcoin (BTC) and a few more cryptocurrencies temporarily recovered, and BTC formed a double top which came too late to fuel further speculation.
Enough with the bear market, though, it is time to predict recovery.
Closing Thoughts: Expecting A Slow Recovery
2023 will bring recovery, and finally, projects with working networks, developments, and decentralized procedures will overcome the VC and FTX-backed centralized Ethereum killers that dominated the market since 2021.
The signs are there, the bear market is about to end:
I expect 2023 to be the year cryptocurrencies with utility will shine again. The one hundred million newcomers that bought and still hold their cryptocurrency in centralized exchanges, will begin using them with non-custodial wallets.
The era of real adoption of cryptocurrency for its use case will begin.
Thus, I follow those cryptocurrencies containing the best odds to succeed in facilitating global adoption.
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Also Read:
Platforms:
● read.cash ● noise.cash ● noise.app ● Medium ● Hive ● Steemit ●Vocal ● Minds ● Publish0x ● Twitter ● CashRain
Also visit my second Medium profile: Ex Cathedra and delve into the unknown!
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