I don't know what to say my friends, but it seems to me we are coming in too hot. I mean, it's almost as we are experiencing collective deja vu here, and nobody seems worried but me. In other words, if we hit 20k in a week or two, the changes of us crashing down like a zeppelin in flames become stupidly high.

Tether out of control

Apparently the printers are out of control, and if you follow the printers, you can pretty much predict the market. This is not to say there's no backing to the tokens, that, we don't know. But, what I am trying to say is that it's too familiar.

Question is: Is new money coming in? Is this really institutional money soaking up liquidity? I'm hesitant to be too optimistic about it, because again, we are coming in too fast. Too fast is always an indication of stupid money, hence my concern.

Boom, Bust

We are most definitely in the BOOM cycle, and it may last a long time before it crashes, it just may. But, the volatility of this market is a constant reminder that the cycles will remain proportionately massive.

When we talk about BOOM/BUST on any legacy system, whether commodities or stocks, we see a few points of fluctuation as wins and loses, yet, this market would be painfully boring for most of us if that were the case here as well.

TAI LOPEZ incoming

That is going to be my take profits signal, and I'm not joking. When the grifters join the cheering squad, and begin to "sell us" courses so that "We too can make money with Bitcoin", that will be the time to sell. That means stupidity has reached its peak and the fall is around the corner.

There are some tokens I'll hold for the long term, like STEEM, but when it comes to other speculative assets, the ones that I don't really use at all, Tai Lopez will be my indicator.

MenO