Market Update

Bitcoin is currently facing downward pressure, yet the market seems to overlook factors such as the early stage of the 4-year cycle, the halving narrative, a potentially more accommodating 2024 FED, and the possibility of an ETF approval. Investors should broaden their perspective, control their emotions, and minimize distractions. I think what will happen is that investors are going to get caught on the sidelines for the most part and miss these great entry points because they will let emotions get in the way. I’ve been in this space for over a decade and this is a common theme in crypto.

In the meantime as Bitcoin remains under pressure (mainly from WallStreet imo) all coins including micro caps could remain under pressure as well. As you know some of the trades that we have done in the micro cap sector have done phenomenal. Some reaching well over 1000 percent in only a short period of time. I expect this to continue in the future but until then, think of any micro cap or anything for that matter at danger of following Bitcoin.

Does this mean I’m worried or concerned? Not the least bit. I don’t care about coins being down in a bear market. My focus is long term. When I first got into Bitcoin I remember watching it go from under $100 to over $1k and back down almost 90 percent. I’m simply not phased by this market anymore. Back then however it was a bit hard to swallow with no YouTube or crypto Twitter along with nobody around me knowing what this stupid internet money thing was along with the fact that MT GOX collapsed which had 80-90 percent of the trade volume for Bitcoin. However I still put almost every penny I made into Bitcoin and continued to do that for years. I KNEW this wasn’t going away and bet my life savings on it.

In the meantime try to enjoy the cheap prices. These won’t last forever.

Toby