Good morning! Bitcoin is trading around 30k.
At the moment I sold Bitcoin and do nothing
I follow the development of events and wait for the climax, the stage of euphoria. Just as capitulation (a sharp, painful decline + negative news background) of the crypto market was once necessary before changing direction from falling to rising, a stage of euphoria is also needed now.
I have identified two scenarios.
1. Decrease before the stage of euphoria. Then I will look at what price bitcoin can reach and buy previously sold bitcoins, but at a lower price.
2. Continued growth and the stage of euphoria without correction. Then I just wait for higher prices (for me, this area is 32-34k) and my profit will be the greater, the lower the price of bitcoin. You can make money on growth, but also on a fall, there will be a separate post about this.
This is about Bitcoin. Action plan. We simply observe and accept reality as it is.
Post #157
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