I feel max pain
GOOD DAY, CRYPTO FAM
It has been a minute and my apologies for that! The market was relatively boring so I focussed a bit on videos as you saw.
But there is something going on in the markets right now which i’d love to discuss with you all and say my mind about it but also share you with you what I am doing right now.
Max pain is near…
What do I mean with max pain? Max pain in crypto is when your investment is down so much in the bear market, that you can’t handle it anymore and take the L + you start to see that company behind the token as trash and that they are not delivering.
This is what max pain looks like. Most of us will experience max pain definitely as a beginner investor but when max pain is near, you should realize that that is actually the best time to invest.
As you know or may not know, I call the period that we are in “No Mans Land” which means that this period is the best moment to accumulate an not sell.
But how do I exactly know that we are nearing the max pain levels?
When I look on twitter, many people are not handling the downside in the alts way to well and many of them are fading good companies away because of the momentum in the market but little do they realize that everything is performing bad, definitely when bitcoin goes down, the rest will also.
These are the people who are selling at the bottom to buy back when prices went up and regret missing out on those exponential gains and I do not want you to do the same.
You have logical cycles within this game.
One to sell, one to wait, one to accumulate. Right now we are in the accumulation phase.
It is normal for alts to do bad
Do not forget that this whole industry is relatively new and when it comes down to alt coins we have to know that it is more than normal for some of them, definitely those made end bull market to do bad right now… No matter what the project would bring out, if bitcoin decides to go down it would take that project with it likely even to new lows.
But this obviously leads to opportunities also if you are a bit clever enough and accumulate smart. Everything is a no brainer if you understand a little bit what is going on.
But what can we expect in the next coming weeks? I already said this before and I even made a video about it, so make sure to check my YouTube channel but I do see that most of the alt coins will start to form their bottom between now and the winter that is about to be incoming.
After that, we could expect more upside momentum to come in again as we head in to 2024 where the halving will happen and more so we are definitely nearing that moment again, just hang on a little bit longer and save as much money as possible so you can be positioned well.
My current plan
My current plan is pretty simple and only changed a little bit compared to the last time I talked about it so pay attention as it will be your last opportunity to do so