Bull Bear Tug of War

Oh well, the bears are screaming bull trap all over crypto twitter. And yet, the price of Bitcoin just seems to go higher and higher with each cycle. This is why you should always use your own discretion when investing. The bull bear tug of war is really just a battle of influencers whose interests often clash with each other.

Bulls wish to see their investments increase, while bears wish to pull down the price so they can ride the wave up. When I see coin influencers that I have interests in, hyping up a coin, I tend to take it with a grain of salt. Four years of following the crypto industry has taught me a lot of harsh lessons. Dollar cost averaging helps. But what happens when there are no more dollars to average? You get stuck with a depreciating bag of digital assets.

The best way to get ahead really is take profits when you can. This would entail being in the lookout 24/7 for news, trends and indicators. But who has time to do this? Probably the full time traders. But for us who have regular jobs, we invest then we leave the investments there, trying to grow them when we can. I can’t tell you how many times I have woken up to see that crypto investments have fallen significantly. Am still waiting for the time that I wake up and be awesomely surprised.

But this is not to say that I have lost confidence in Crypto. Yes, there are lows (and these are extremely low), but there are also highs. If we were to believe main stream media headlines that crypto is dead, then why are prices going up? Why are several institutions getting into it? Why are the same institutions that confidently and categorically state that crypto is worth nothing, are silently creating their own digital wallets, and developing their own blockchains? Why is it thriving despite all the pronouncements from government agencies and their mouth pieces? And why are governments talking about regulations? And why oh why, that in spite of bankruptcy issues of well known crypto companies, that people are still flocking into it?

That doesn’t look like a dying industry to me. Sounds more like the MSM are boys crying wolf. Or at very least trying to delay the upward trend or success of the existing crypto companies till their pay masters have solid footing in the industry themselves. See here is where you have got to start asking questions. They bombard the crypto industry with negative news, all the while traditional companies are getting their foot in the door through projects that involve blockchain and crypto.

Suspicious? You betcha! Crypto is an advocate for privacy rights. And here come the old players and lackey’s of the WEF, moving heaven and earth to undermine the existing players so that they can introduce the old ways into a new paradigm that they are creating. Same ole, same ole.

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