Could this be the bull market? If it is, I'll do things a little bit different this time...

in ulog •  6 years ago  (edited)
It very well could be. Honestly, in my opinion its passed due. Why would I say this? Simply because there is not a dragon level disaster event that generated the bear market in the first place. In other words, the correction, the ugly painful correction was expected, but its been too damn long already.



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However, the exuberance of people back in those days, the amount of "investors" who new little to nothing about the technology and jumped in screaming "TO THE MOON" chants, those... had to be shaken off. Has this happened? Are we to a point where no one is willing to sell for lower? This very well could be the case and the recent news of the upcoming ETF's the possible additions of coins to coinbase are sure indications sentiment seems to be switching gears.

Now, this does not mean I'm telling absolutely anyone to go mortgage your house. I think we've all learned from past experiences. The right approach to investing on this space is so simple, it's boring. But, at the same time there is a reason why it's the script smart money follows. Average cost your buys, don't get too greedy and never invest more than you are willing to lose are hardly revelations of divine nature, but they are nonetheless the things all of us should keep in mind.

I keep on hearing people upset about the creation of new products and the upcoming regulation that said financial products require. Of course, as someone who understands the philosophy behind crypto this is not necessarily something I find ideal, but I'm inclined to say it was probably inevitable and possibly necessary for mass adoption. If that angers someone, then I'm sorry truth is truth and not everyone is willing to let go of the hand of the government. The old rule that dictates "a demand will always be met with a supply" - applies to governments too.

If the bull market has started and I sincerely hope that this is it. I fully intend to not let myself be taken by exuberance and thoughts of financial immortality. I vividly remember thinking back in January of this year, not that long ago, that my troubles were finally over. Why is that important you may ask? Because when we get comfortable, when we think "that's it, I made it" and that thought implies conformism. That slowing down of one's hustle, because we just don't need to do that anymore. Well, it won't be the case with me this time.

When things are going well, I intend to work at this harder. To do my absolute best to be consistent in personal growth as well as the projects that our community has been working on. I hope, I sincerely hope that most will follow suit. I know more than a few Steemians who mind you are awesome people, that good complaisant and when the rug was pulled out, had nothing to stand on. Needless to say, this is not meant as an attack, just an observation and a call to arms sort of speak.

Almost forgot to mention that tomorrow is pretty big day for crypto. Lawmakers are getting together to discuss if crypto is the future of money. I think the outcome of this could be a huge factor in what happens in the next few days, and depending on how heavy handed regulation talks become. It could possibly signal the bulls to jump onboard.

No doubt, tomorrow night I will be scouring the internet looking for relevant information, and as always there is a good chance it will end up on this blog too. We just have to wait.

Tonight I'll focus on a slimjim maybe make some night time coffee (watered down of course) and hope for the best...


Other posts by yours truly

• Special Helpienaut Meeting - Cryptocurrency Conversation
• Another way to look at it - HODLing assistance series
• This is not a shill - Presearch.io
• OMG MY FREE SPEECH! WHERE IS IT? - Did you just get flagged by a whale?
• Meno's Garage Contest Announcement & First Giveaway

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I'm in crypto for the long term, so I don't get too excited or panicked mucho, even though this year has been rough! That said, I think it's healthy to have some good market movement for a change! I've been running a Top Ten Cryptocurrency Experiment all year on my @starthere account with monthly updates. And most months so far in 2018 have been PAINFUL! I'm hopeful the market stays up at least through the end of the month so I can write a positive report for July! It would be a welcome change of pace! :)

I think it's too early to call it yet, but we broke through that last level pretty hard and have been looking nice all day. We'll find out if there is continued growth over the next couple of weeks. Honestly I do feel it's overdue, but never forget the golden rule of trading/investing:

I've not forgotten... I learned this lesson the hard way. hahahahha im sure many have.

I hope steem doesn't jump in price to much in the next few days. I just put some fiat into litecoin through coinbase and I'm still wating for the transaction to clear the bank. It's only 35 bucks worth, minus the fee, but it's the first time I've put any fiat into any crypto. It would be nice to get the litecoin traded for steem before it goes up.

congrats for making the jump..you would be all-right !!

  ·  6 years ago (edited)

I learnt my lesson back in January. Never Ever Link your emotions with Crypto, It can make us insane. Indeed, tomorrow will be a big day but, irrespective of the decision that follows tomorrow meeting, I will never forget that a man, still unknown to the community, who invented bitcoin and how he changed the life of the people in the world. What a classic example of selflessness!
I enjoyed the article. Thanks for sharing.
Lots of love
Hash-tag

Never Ever Link your emotions with Crypto, It can make us insane.

true words my friend, if it was only easy! ha

cheers mate

You got a 32.28% upvote from @ocdb courtesy of @meno!

I wrote this one 6 months ago, but it mirrors your sentiment about staying on your grind (with a little more profanity)

i think we are not alone there... so many of us got confident over that period of time.

Quit your job confident even. I am glad that I did not get that confident or there would be some serious problems. I keep telling my friends that bitcoin / crypto is like a store selling money for really cheap... the catch is that the money has to ship from somewhere remote by boat and may take months or years to show up... or it could get lost in shipping... but it is a heck of a sale. $100,000 on sale today for $7350!

when we think "that's it, I made it" and that thought implies conformism. That slowing down of one's hustle, because we just don't need to do that anymore

True that...

when you think you have it all figured out...no you didn't !!

oh man... that's a badass gif I'm saving it.....

Ciertamente en diciembre me confie y conecte cuando hablaste de eso, pero siento que fue un aprendizaje mas que necesario,

seguro que si, pero bueno ahora con cabeza fria mi pana...