image using Ai.
Now there's just one more week left and officially it is going to be historic november for crypto and even more historic thing that can happen anyday now is when bitcoin will cross $100,000.
The amount of headlines and coverage for bitcoin we're going to get in next coming weeks is going to be insane.
Bull Run Top or Generational Supercyle
I believe anyone who's looking for "top" is going to regret a lot later. This can't be the last innings of the bull run, we're just getting started and there's many reasons. My personal thought about this Generational Supercyle is:
image by Ирина Ирина from Pixabay
Our generation haven't got a moment like "housing market boom, or dot com bubble etc" we're not young enough to be part of that and I think now we're getting that once in a lifetime moment where imaginary internet money believers are going to tell stories to grandkids that how they made their life through these coins.
I have heard a lot of stories from boomers "wish I had bought this property back when it was available for $20000, now it's worth $500k".
Now in next two years we'll have more people that'll cope and say "only if I had bought BTC back in 2023".
Moving into Altcoins Now
Now I'm thinking to get out of bitcoin and move into Altcoins because of the risk and reward ratio is a lot better in altcoins.
Doesn't make sense to hold bitcoin as I'm not a whale and can't make any return at all unless I use 120x leverage on my $100 holdings (even then r:r is not going to be good)
I did put sell order at $99,999 and just going to purchase some of Altcoins, rotating from one trend to another is the plan but hopefully won't miss out the real moves that always happens once you sell position.
As of now bitcoin is above $99,000 so all I know is it will be above $100k anytime now.
Though I've heard Jim crammer said "own bitcoin, it's is a winner" so I hope this time is different and we're not near "local top".
Haven't bought ETH in this bull run but XRP is too Good
Also I don't know why are people still holding ETH - make sense if you're rich whale but for average person ETH doesn't make sense at all.
Instead Solana is doing much better and I'm going to hold it till it reaches 500.
Though recently XRP is getting a lot of attention and it's not just XRP but ADA, DOGE which is a major sign of retailers.
The moment I saw Gary gensler resigning I knew it's time to long our longs as it's about time to send him a message which can't be any better than running that coin up.
And I think XRP at $2 will happen real soon but don't get too excited and hold it for rest of your life.
Once major altcoins are done making moves, your favourite altcoins could be next one. So, it's just time to add more on spot, Avoid leverage for a while like an instant shakeout will be a good enough sign to add on leverage but for now Alts on Leverage isn't going to be on my list.
In the end I'd love to know what's your thoughts on this and how do you see this market? Still looking for bull cycle top or you believe this is Supercyle? Do share your thoughts in the comments.
Posted Using InLeo Alpha
Congratulations @idksamad78699! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 74000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP