Bitcoin hit $80,000 but faces resistance. The speaker warns against FOMO and suggests taking profits now rather than holding through a potential downturn. Most 100x gains in altcoins happened during bear markets, not rallies.
We had a nice little pump for Bitcoin, Ethereum, XRP, and some of these altcoins. We just recently saw it pop off. Trump has been talking about it in the media. And so the question is, is it full-on bull run mode? Look, we've made that mistake many times before, right? We don't want to get caught up into the hype. We actually want to look at this like a sophisticated investor, that someone that actually looks at the logic side, the actual research before making an emotional decision. A lot of people, when the market's up, they make a too excited decision. When the market's down, make a too depressed decision. Right? Separate the emotions. So my official thoughts is this is a great pump. It's phenomenal. Look at the price of Bitcoin. Bitcoin pumped up. We went to $80,000. We rejected on this resistance level here. So what I would say is this is a phenomenal take profit moment, maybe to de-risk, consolidate your portfolio down a little bit. Okay? Don't get prideful. So if we do come back down, you'll have cash. Now, if it goes up, you'll still be good too because you still have cash. Remember, We actually studied over 2,100 altcoins, and this is going to take the fear out of your mind completely. And one definitive factor we found is that most of the 100x's actually was created in the bear market. So this whole fear of, I can't sell my coins because the financial revolution is going to go without me, and if I sell, I'm going to miss it, is actually a false statement not backed up by data. Actually, you should have cash for when that new altcoin is created. You can deploy the cash into the new one. And get that 100x. Most of the 100x's were new coins that were birthed in the bear market. So die to that. That is a false perception. It's basically narratives instilled into the crypto market to keep people scared and keep people holding while the elite take advantage of you completely. So die to that official opinion. I believe that this is a great take profit zone. I wouldn't be surprised if the bull market starts now, but I also wouldn't be surprised if the market comes right back down a little bit. So be careful. Understand to adjust your risk, and let's look at this in the long term. Not your hype friends Telegram group that's screaming at. Top of their lungs because they just made it. That's gambling, okay? Let's not gamble.
