Moves like Jagger

Rune can be a funny coin when it comes to market movement especially when it’s fundamentals are super stronk, Rune can look you in the eyes and tell you “what fundamentals?”when the entire market is going up and you’re expecting it to fly but it isn’t.

Then at some point it catches on just to let you know you were right all along and then winks at you.

If you’ve spent enough time watching Runes price charts like I do, you can hear Her voice like I do….then you’ll know what I’m saying is true, there was one time the entire market was nuked, one of those extreme volatile weeks in 2022

Imagine extreme volatility in the heart of a bear market, you’re going up, but you’re def going down more, hmmn, you don’t get it, a 10% upwards market movement is a certain 25% downwards market correction.

Last bear market was brutal. We saw many horrible things.

Not even about Rune

But we also saw great stuff too like Rune gaining 50% against that type of horrible market just because. You can’t but just love Rune. But this post isn’t even about Rune.

Last night I came to a conclusion that most people in crypto made tremendous wealth last bull market but only on paper and never cashed out.

People who sold the top were very few if we had to compare, why do I say this? Last bull run seemed fundamentally fine, Bitcoin had been projected for $100k by many analysts even though they’re usually wrong, but everything seemed fine until talks about environmental impact of mining Bitcoin became heated up.

Then China Ban, several regulatory issues, then Terra burst! In everyone’s faces! Then many exchanges went bankrupt, it was from one big burst to the other, I remember my $100 Luna token going to $0.000, I’m still healing, but that’s a story for another day.

Imma cash out ser

Today you’ll find literally everyone promising to do better this time and take profits, but will they really? It’s like the crypto market has its own way of seducing us into believing “this time is different,” only for history to, more often than not, repeat itself in one form or another.

Everyone talks about taking profits, but when the market starts its upward climb, the euphoria kicks in, and suddenly, those well-laid plans seem to vanish into thin air.

Why is that? Well, it’s partly because the thrill of watching your investments grow is intoxicating. The possibility of “what if it goes higher?” always lingers, whispering sweet nothings into the ears of investors. It’s a psychological trap, one that’s easy to fall into and hard to escape from.

The reality, however, is that the market doesn’t care about individual expectations or desires. It moves in cycles, and those cycles can be brutal.

The last bull run taught many a hard lesson about greed and the importance of having an exit strategy. Not just having one, but actually following through with it.

This time around, the narrative might be slightly different. With the scars from the past still fresh, perhaps more people will be inclined to take their profits rather than waiting for the peak that never comes.

Or maybe, just maybe, the allure of potential gains will once again overshadow the lessons of the past as might be already happening.

What if this is the end of the…..

I mean, as a matter of fact, the market has been on an upward trajectory since January 2023, many claim that month marked the end of the last bear market so technically we can say we are 1 year into the bull market, what if it’s this same desire for more potential gains that is hindering us from realizing this?

Yet, here lies the dilemma, the deeper we get into this cycle, the louder that voice becomes, urging us to hold on for just a bit longer, to squeeze out every last drop of profit. This mindset, while optimistic, can be a double-edged sword.

On one hand, it embodies the essence of investment - the pursuit of maximum returns. On the other, it exposes us to the risk of holding on too long, of being caught in the inevitable downturn without having secured our gains.

After spending so much time in this market you’ll realize the real challenge is not in positioning for the bull run but in acknowledging when it might be time to step back, to take profits and call it a day.

If I say the bull run might be closing up now everyone will come at me with pitchforks, plus I won’t even say that because it’s just about 55 days to the halving and if history has shown us anything it’s how interesting prices get after the halving except ofcourse history is being rewritten.

In my opinion though, hmmn, let me leave this for my next post.

Thanks for reading.

Double digit rune coming. Sit tight.

images created with ai