Last year the Bitcoin halving narrative that for so long believed to be the catalyst for the crypto cycles failed leaving everyone wondering why there was no real Bull cycle and definitely no Alt coin season. The timings just happened to fit in perfectly with the business and liquidity cycle which this chart clearly illustrates. If this is the case we still have a cycle to complete later this year. Thankfully which is good news for all of us is that the business and liquidity cycle has not even kicked into gear yet.
This is a kind of a crazy type challenge going from $0 to $1 million within 2 crypto cycles. This does help gamify your crypto growth and definitely keeps you focused. When I first thought of this idea it was at the end of the last crypto cycle at the back end of 2021 when we saw the real power of what a Bull Cycle can do over a very short period of time. If I had sold close to the peak of the last cycle it would have made this task far simpler, but crypto is about learning through experiencing a full cycle and is the only way to learn. This was done intentionally on my part and there are no regrets. Personally this was the first time experiencing green candles that kept on climbing. Back at the end of November my portfolio was reflecting close to $250K and this was from a starting point of $0.00.
This time around having a portfolio starting point of around $30K - $40K who knows if this challenge is even possible or will it require 3 crypto cycles? I do not really care if it needs another 4 years because the fun aspect of trying to achieve this makes it worthwhile plus there is the prize to aim for.
After experiencing those two weeks of craziness it is easy to see that anything is possible in crypto and why you just have to keep accumulating growing your bags every single day. With all the negativity around when things do not go according to plan one needs to keep their head down and ignore all the negativity. Nothing has changed besides the market dishing out a harsh Bear cycle which keeps on going. Market manipulation has played a huge role over the last 3 years especially with the SEC having had so much negative influence. Who will ever forget Gensler who played the role of crypto villain to perfection. The FUD has disappeared yet crypto has not really kicked on and feels as though it is still being held back.
When I look at my two biggest crypto bags Being HIVE which has dropped 97% since November 2021 and COTI 96.7%. This is what most crypto projects have experienced over the last 4 years and why the opportunity is still here to keep on accumulating through staking and earning daily rewards.
The big positive of not having a Bull Cycle thus far on the altcoins is that for every day that passes the crypto portfolio is growing in size. If we do see the Bull Cycle and completion of this crypto cycle at the back end of this year then it should be a bumper event considering how much institutional money has flowed into crypto over the last 18 months. I do think we will see some ATH's on alt coins later this year unless the business and liquidity cycle is proven wrong and if that is the case then who knows what sparks the crypto cycle then.