2020 was the last year I worked in the tourism industry in my town. I can’t really call it "work" because all I had to do was hustle for clients for my friends' boat cruise business, then chill for 1.5 hours until the boat came back.
I was making good money, but I wasn’t too deep into crypto at the time. Back then, I had more cash on hand than I had in crypto, but now it’s the other way around. Hopefully, I can make life-changing money in this bull market so I won’t have to deal with the stress I’ve been through over the past two years anymore.
2020 was a good year… It started off with all the pandemic fears, so it looked like it might turn out to be shitty. But in the end, it was a hell of a year. As soon as the tourist season ended (around September to October), the crypto market started rallying consistently. It was unreal.
I literally couldn’t believe my eyes when I saw the payouts from my Leofinance posts. I can honestly say I lived entirely off my blog for about one or two years. Never in my wildest dreams did I imagine that could happen.
Little did we know that most of the gains to be made from Bitcoin had an expiry date: May 2021... I know the actual BTC top for 2021 was in November, but the stress-free peak, for me, was in May. Everything after that was a slow grind for Bitcoin.
The "up-only" season came out of nowhere. There were coins here and there pumping like crazy in late 2020, and by the end of spring 2021, everything was going parabolic. I’m starting to see the same pattern repeating right now in the crypto market—at least that’s what it looks like to me...
Bitcoin probably just had its longest consolidation period in history since the March top. At one point, the bull market didn’t even feel like a bull market anymore, and altcoins got crushed. The same thing happened in 2020...
Now, we’re probably a lot closer to an altcoin season than many people expect. If you look at ETH’s all-time chart, you’ll see that in 2020, the real pump for ETH started at the end of the year (October, to be exact). We’re just ten days away from October, and the market is already showing early signs of recovery.
The problem with crypto investors is that most of them wait for someone to give them the signal—when to buy, when to exit. That’s not going to happen. You need to make mistakes, buy falling knives, keep buying, have patience, and sell when the market becomes euphoric.
The market isn’t euphoric yet, but we’re probably just months away from that phase. I’m getting late 2020 vibes, folks... I might be wrong, but after seven years in the market, no matter how bad you are at trading or investing, you start to pick up on things and read the market better than you did when you bought your first coins.
That’s how I feel... I don’t trade based on feelings, but I’ve learned that I should trust my instincts more when it comes to investing.
Thanks for your attention,
Adrian