Wall Street Hasn’t Satisfied Its Crypto Greed – That Means More Profits

Wall Street Hasn’t Satisfied Its Crypto Greed – That Means More Profits

Sometimes you just need a purgative cleanse to get the junk out. And that my friends is what I believe we’re seeing take place in bitcoin.

Between the U.S. government moving $594 million of bitcoin to exchange wallets and the recent distribution of $14 billion in bitcoin to the Mt. Gox creditors... Don’t be surprised if we see a vomit-inducing purgative puke lower in bitcoin prices.

Emptying one’s stomach contents is never a fun experience no matter how much relief one may feel after the fact. But that’s something we must emotionally prepare ourselves for with bitcoin’s price action.

Could I be wrong and we streak higher? Absolutely.

But I don’t think so.

I think we could have a real gut punch in front of us and I’m excited for it.

Why? Because to streak to new highs, we must thoroughly flush out the weak hands.

A quick trip to $42,000 ought to do it.

So should you move to the sidelines, dump your BTC and then nip back in on the sell off? ABSOLUTELY NOT.

Why not? Because I could be DEAD WRONG.

The risk of being out of the market is far higher than the risk of being in. We could see a $42,000 tick over the weekend and be back at $60,000 within hours.

That’s the nature of crypto.

Remember, we’re still in a bull market. The overall bias is to the upside. 

I’m sharing my view with you for two reasons.

The first is that I want to prepare you emotionally if we do see a quick trip to $42,000. I don’t want you to be in shock because shocks induce damaging behavior like selling at the low.

I also want you to be ready to buy more BTC should we see such a sell-off develop. It could very well be the last big buying opportunity before the next leg of this bull market takes off.

During volatile times it's imperative you understand the big picture. That’s the only way I have been able to survive through Bitcoin’s volatility.

Bitcoin Will Test You