Now that the dust settled I would like to do a quick PSA for all the first and second cycle-ers here
You might be following some experts – here is an important principle
If your expert haven’t issue an “exit warning” before the decisive crush below $80K (they had 6 months – from August to Jan). They are a bullshit artist.
Regardless if you follow the banana man, the power curve people, the Elliot wave dude or others. Also, it doesn’t matter if Bitcoin will pump to 300K next week** (I want it to , believe me). The only thing that an “expert” cannot miss is calling a Bitcoin significant top (with some margin of error). Whether it is a cycle top or a mid-cycle dump – doesn’t matter it is pure semantic.
Right now, some of these experts are busy throwing crap on each other. But sooner or later they all are going to disappear until next cycle – where they resume their bad advice
If you still follow them, now it is a good time to hit this unsubscribe. Their input is proven to be shit on the one thing that matters.
If you pay someone, know that, some people did provide a good top indicator. All of them provide it for free. Paid information is 100% noise and 100% waste of money.
Stay safe out there – see you next cycle
** The reason why they are still bullshit artist even if Bitcoin rally is simple. Bitcoin is going to rally sometime in the next 4 years. Avoiding riding it up and back down is exactly why you follow (and maybe pay) these people
submitted by /u/Shichroron
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