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Buckle up … no one is bullish enough.
Short term turbulence aside, no one is bullish enough on the coming crypto bull market. Make no mistake, the recent price action is only an appetizer. The real bull run main course is yet to come, and it will absolutely smash all “analyst” expectations.
We humans are not great at thinking exponentially, and we have a predisposition to recency bias. As such, even the crypto die-hards like us often have to step back and zoom out in order to see the big picture through the fog of war.
Vijay Boyapati provided an excellent illustration of this exact phenomenon, a view of how early we actually are in the bull market and how far we have yet to go.
“Just to give you an idea of where we’re going the area on the right from this cycle is equivalent to the area on the left from the last cycle.”
The takeaway here is that all the price appreciation we have seen over the last 6 months or so will be next to invisible on the charts once the bull run really takes off. We often lose sight of just how explosive the price increases are in the heat of the bull market, and are pushed further off course by the recency bias and PTSD from the 2 year bear market we all weathered. This is all the more pertinent given the 2021 cycle was in retrospect muted by the abuse and manipulation of funds by fraudsters like SBF and 3AC.
With roughly 40 days to the halving, we are in for some turbulent short term movement. Once we are past the halving, a few months of re-accumulation at most and we will enter the parabolic portion of the bull market. Let me assure you from experience that as we enter this phase of the markets, you will feel like a genius and lose sight of the value of money as investments throw of returns you would previously have thought impossible. Keep your head, don’t chase pumps, fight the fomo, bank profits and you will win big.
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