/biz/ - Business & Finance

Oldfag of a decade in crypto here 100% convinced Alts are about to start a big run. Dont swallow too hard on the institutional propaganda. Most of crypto is still the filty masses who own the majority of crypto by a long way. Bitcoin has had a great run and may get to 100k plus later this year but fact is at 30k at best you might get a 2x for the next 3-6 months. Anyone holding Bitcoin is gonna wanna rotate into alts now. I expect solid defi plays to be the biggest movers. Before anyone says I'm a boomer who doesn't know the market well I was the guy nearly a year explained how this cycle was different and defi will be the major theme this was before most defi projects had done anything.

So the good news is wagmi but don't be too greedy cause by the Summer alts would of rallied and money will then start again rotate into Btc. Eth will do well on both sides. You're welcome.

I've been in crypto 8 years. My first crypto I bought was with 10k of my own money. If I had that first amount if crypto today and never made a single trade I would have about 5 million. If I sold at peak in 2017 I would have 50 million. I have been trading for the last 8 years and only have 2m.


So I guess that's your answer. Fml.

Oldfag here. Not one of those 2017 oldfags but an actual one. I made a post a year ago making clear this bull run would be different from 2017 and it would be based on defi not your old shitcoins. So basically I was right. Now I will give some old time wisdom for the next year.

I guarantee many here will sell too early. Btc gets to 30-40k and you lose your mind and sell. Then spend weeks thinking you got out to early and going back in maybe way too late. We will see 250k this cycle.

Here is the big one. Almost every newfag in crypto talks about 'gains' and making it. I assume they are talking about fiat. Well 50% of biz will cash out to fiat then wake up one day their entire wealth has been evaporated and the banks don't open. Capital protection is a must. For everyone that's gonna be different. Schiff is actually right about Gold and you fucking redditors mocked him like little faggot twinks. Maybe property or other assets. You could just hold Bitcoin but it's highly likely Bitcoin will have issues from high fees to potential 51% attacks. If you are gonna at least hold legacy btc not the fake core shit. But for most you wont hold Bitcoin cause you won't have the stomach to see it drop 80% back to 50k. Most of you are normies don't even try to argue about it. And taking drugs doesn't make you edgy.

The biggest mistake young pricks are making right this second is telling your GF or family or fucking 'buddies' So many here will literally end their life being beaten to death by their ex gf new black boyfriends 'buddies' Or any money they make they will have to give to support their family as shtf. You faggots buying crypto tshirts or making a clock put of XRP sign will deserve it when its pushed up their anus by looters.


So be safe. Enjoy yourself. And know I'm always right. And plan an exit out of the West or learn to shot. If I was in the US I would already be holed up in some cabin in the woods.