ILegendd's Posts

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Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 9:32am On Jun 16, 2024*

IAmHim1:
You're an adult

Please do us a favor

Pick a crawling child and teach him how to walk like an adult via live stream. The child must never make any mistake when learning from you if not you've failed as a teacher

Zero logic. Rest. You're too empty. Okay, let's still do it. Win only 2 and lose 3.

You really lack a lot of things. I never claimed I know a magic secret for kids. You are the one that knows a magic secret for trading and you're willing to teach it for free, but I want to offer you 100k to do it via video and win 2, lose 3.

I just want to learn how you do it because I want to improve and be like you. Is that too much to ask for?

All the mentors you learned from, did you meet any of them face to face? Isn't it through videos on YouTube, courses, and livestream? Teach me via the medium you learned with — which is video.

All in the name of trying to portray yourself as an ICT pro, you made yourself a laughing stock. The only thing that'll redeem you and make people here take you seriously is if you rebrand and come back with a new moniker and a different writing style.

The offer is still open, but if you decline, bye.

13 Likes 4 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 7:01am On Jun 16, 2024

GRACEGLORY:
He was just striving for recognition, instead of sincere contributions

Probably

3 Likes

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 6:52am On Jun 16, 2024

I have been using the pi cycle top for years, but didn't know it has a brother called the pi cycle bottom.

It's a great moving average indicator to spot when BTC tops and when it bottoms. Nothing is perfect, but clue is important.

I love how the man in the video explained both and tried them. I never knew, but not I do.

https://www.youtube.com/watch?v=jRWHccjnaBE?si=sqf7Hj4mCMIQkgvO

15 Likes 2 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 12:02am On Jun 16, 2024

Continuation

I went to the X page of the guy I watched his video above to search the keyword "alt dominance" and I read everything he has posted about it and he was right since 2021 he started voicing his views on it.

Some of his posts and charts caught my attention, but there was one I didn't like. In November, 2022, he was mocking BTC maxies because BTC was dumping like a depressed altcoin.

See a screenshot below. As someone who understands the cycle, he isn't supposed to mock anyone.

Yes, I know he prefers alts, but I didn't like that mocking. Who's laughing last now? The BTC maxies. Me, I'm part of both maxi and degen. Maxi and USDT to preserve, degen to multiply as e dey hot.

In the second image, he said BTC dominance is just the inverse of ETH/BTC chart and when I checked, he was right. So, you can now use Eth/Btc to check Bitcoin dominance.

Thirdly, if you zoooooom and critically analyse the third image, you'll see every season, it acted the same or similar way despite all the obstacles.

The only thing is, in one season, alt continued pumping for 1-3 more weeks into January/February of the second year, after halving. I see such opportunities as time to short cuz las las, those alts will perish in a matter of 3 months after BTC had topped.

One thing I want you to note in the last image is despite all the pumps in alts, they came back home in Nov/Dec. to rest for Christmas, the year of halving before pumping the following year. While looking at it, check the years from the red arrow and how the candlestick went up and down.

8 Likes 2 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 11:39pm On Jun 15, 2024*

It's been days now but the guy who was forcing us to learn his time and price ICT greatest technique in the world that never fails hasn't agreed to the deal. In fact, he is avoiding this thread. grin

So, na so I carry chase am away? But, that's not my intention o. I just wanted him to teach us what he has been trying to teach us for free, but this time, there is a benefit for him, but he ran away.

If you want him to come back and continue his price and action, click share. If you don't want him to come back, click like.

18 Likes 1 Share

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 8:33pm On Jun 15, 2024*

I got gist for you guys. I watched a video on YouTube and the guy was talking about BTC dominance in a way I didn't like.

He made it look like BTC dominance doesn't matter at first, then he clarified himself by saying something I love.

Back in the day, there was no USDT, USDC, DAI, and other stable coins and people were rotating their profit back to BTC and from BTC back to alts.

At that time, the BTC dominance was clear to spot, but now, it's blurry. There are too many stable coins and even ETH, LTC, XRP and other strong coins that people rotate their money to. So, he classified these coins as top 10 alts. This is to create clarity.

It's now top 10 alts against the rest of the alts. He showed a chart of all alts, excluding the top 10 alts and I took a screenshot and added dotted bar lines from year to year. I looked at how they moved and it was spot on the same. No much difference.

After halving, they stayed stagnant for a while, then they pumped and dumped. They played this pump and 3x dump trick until they rekt people in Nov/Dec of that halving year.

Though, those pumps in-between made a lot of people rich, but rekt too MANY people on leverage.

January the next year, the upside fire pampamental began. Mid of the month, May-June and sometimes July, there was 50+% dump to make it look the cycle was over. At this time, people who FOMOed late were bleeding and crying. Their world were crumbling. Smart people bought this blood and things started moving up in August-Sept-Oct.

It gradually started to recover and finally went ballistic in Nov/Dec. of the year after halving and the whole world was buzzing, then came the unsurprising crash to oldies, but surprising to newbies. As it crashes, these newbies started DCA'ing while singing, "Rain rain, go away, come again another day. We just want to young and rich."

As they chant these lyrics, they didn't know the rain will reach that level 3-4 years later or based on the alts they bought, they may never get to that price level they bought and DCA'ed in.

Though, there is always a relief rally after the top because nothing goes down in a straight line except it's Luna-tic. The relief rally is a trap.

The summary is, there will be a giant pump in Nov/Dec. of the halving year, then before 31st of that same December, it will bleed off all the profit and it will look like we're back to square 1.

January/February the next year, after December bleeding of halving year, the new year will usher in a ballistic pump that'll easily turn $100 or $500 to $3,000 (plus or minus) in 7 days.

Don't forget, all the profit will still be lost if you don't take it off the table as you think the pump will continue. Yes, it will continue, but there needs to be at least, 50% correction first.

In this correction, some alts may even correct 80% or more. Some may not even recover to partake in the final pump that is ahead.

That means, you lost all your profit and some part of your capital. So, towards mid of the month (2025), when that new ATH happens, pull out 90% of your profit and let 10% burn, then after the 30, 40, 50 or 70% correction that'll happen, you enter back in because the BIGGEST pump is in Nov/Dec and once, it happend in Jan/Feb, the second year after halving unlike the usual first year after halving.

Here is the guy's video and below is his chart I edited. Zoom that chart and study it. Pay attention to 3 things I added to it.

1. The year below, in square, yellow colour (that is the next year after halving — it's important to note that).
2. The red circle at the bottom before the pump throughout the year.
3. The yellow arrow from the red circle pointing at the green circle at the top when we finally topped.

If you study it carefully, you'll see the similarities. The chart is Altcoin Dominance Excluding Top 10 Coins. Shey you see how e move? It will do the same thing this year.

BTC has been programmed to act this same way every 4 years, it's just the manipulators that are trying to control it, but they do lose control and the cycle does what it's programmed to do.

Billionaires can only control BTC temporarily, but few months later, it continues with the original script in the 4 year cycle.

https://www.youtube.com/watch?v=ruVZd6qXTSg?si=drSauOKNxzW7AYRG

12 Likes 5 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 12:20pm On Jun 15, 2024

If you're losing money now, be happy. This is training you to try and understand the market better.

Also, it's giving you a story to tell when you become a gurus in the future. Any guru without story of painful losses is fake.

It's indirectly teaching you to control your trust on people, your emotions and find out the truth yourself. Even after finding the truth, once in a while, you'll still get burnt, but at least, you know why.

This guy below posted this 3 minutes video and only got 180+ views, but he nailed it.

Until ETH does what he said, commot body.

https://www.youtube.com/watch?v=5VCCdGZ1g3U?si=C4qFwCEchDFzVurz

https://www.youtube.com/watch?v=sE1ng0MkKEg?si=cVy4-t279PKIH5J6

11 Likes 3 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 7:33am On Jun 15, 2024

I don't trade futures to make money, but to tease liquidity hunters so they can lower the bar for people to get in.

If they refuse, then I make profit that I don't deserve. No stop loss. Please, this is a strategy and I don't advise newbies to try it except they have a plan for it.

It looks like SafePal SFP is giving US bank account. I'll try it to have more backup banks.

This SPF pumped and liquidated me that year. Very wicked coin.

5 Likes

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 12:52am On Jun 15, 2024

Robert129:
Those videos are really powerful. They will always play out in the long-term
When BTC retested 67k last month, solana went to around $185, BTC broke 67k and went to 71k and now it's around 67k again while solana is around $145. That's the power of bitcoin dominance. Same with Eth and other alts.

Secret weapon.

7 Likes 4 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 12:28am On Jun 15, 2024

Okay, hear me out. I want to confess. I'm rooting for mid August-Sept for proper purchase.

I have been saying it months ago. All these small purchases I make is just for the small, but good relief rallies we'll get before another dump.

Any pump we get from now till this year's Aug-Sept, there will be a dump bigger than it so that we'll lose all your profit and a huge part of our capital.

This is not to scare you. It's part of the template of BTC dominance. It will milk the market, allow you to smile for some weeks for some bragging rights so you can mock those left behind and these people (us) will foolishly think we're missing the boat and jump with everything we've saved in life, then it comes back to continue the dumping way harder than before.

This industry is like Messi vs Ronaldo's fans. Predictors and analyst mock each others' stance, who's right and who's wrong and that is exactly what BTC wants (create confusion and hatred), but every prediction, no matter the camp you belong, will end up being right at least twice in every bullrun.

We're in a bullrun, but not in altseason yet. Though, the alts will still perform, but will perish later, when you're in your highest profit.

Until we're in 2025, you're not missing anything. Take it from me. This is someone who has turned the Internet upside down digging out every info posted online about crypto from inception. Am I shorting? Yes. Am I hedging it with a long? Yes. I love the thrill — it's not for profit.

If you really want to enjoy this coming altseason, focus more on mid August-Sept 2024 for your DCA to Nov/Dec. 2025 for your profit taking. ETF can't change anything. The cycle will continue.

There are some alts I'll only buy in January, February 2025. I'm not touching them this year. If they want to pump, let them pump. Man shall not live by alts alone and watch his wealth bleed to early grave.

In summary, if you're in spot already, don't worry, at least, 2025, you'll get your money with profit back.

18 Likes 3 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 9:13pm On Jun 14, 2024*

Below image.

That is what happens when we refuse to spend 1 hour per day to study the family history of the woman/man we want to date.

For me, I document everything. I recorded every dump and pump of 2021 bull market. Once in a while I rewatch, get nostalgic and laugh.

History is important. As a Nigerian, we all know our new president is always worse than the previous one, so we don't expect too much too early until the new guy surprises us.

Like play like play, Binance is becoming a social media platform. Wetin remain na to add 10 minute max video feature for uploading crypto-related contents.

Modified: It looks like they already have a video feature. These Chinese companies are really futuristic.

6 Likes 3 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 8:32pm On Jun 14, 2024*

I had an epiphany a while ago about futures. Futures shouldn't be used to make money, but to lure a coin back to its base (support) that it has refused to touch for months or years.

I want Avax to come down to 22 or 27, so what did I do? I entered a long trade so that it will hunt for my stop loss and end up entering my order.

Yes, I understand there is a little discrepancies between the price of a coin on futures and on spot sometimes.

If we all use futures as trap, not for profit, we'll have more peace of mind because any direction it goes, it will favour us.

If it refuses to come to your liquidation but pumps, you make money that you never expected.

If it hunts for your liquidation, you enter a trade at the price you've been expecting for ages. It takes either financial or time sacrifice to be successful. Psychology is important in life. This puts you in a win-win situation in the end as long as we're about to enter altseason.

6 Likes 3 Shares

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 8:18pm On Jun 14, 2024

Chully01:
The wallet wey I dey hold coin don over bleed ehnnn
I just had to abandon it to trade on another exchange.

Na wa oo
Una sure say hodlers go become rich one day like this

What is happening is just normal. It's even better this time around.

6 Likes

Business › Re: Look At 80k Ram In Orange Market Nassarawa by iLegendd(m): 7:12pm On Jun 14, 2024

Itzlinda:
Can you produce millet, maize, tomato in the south?

Damn! It looks like you haven't travelled out of the North before. It's okay, I understand. Produce in quantity to export? No. For personal consumption, yes.

4 Likes

TV/Movies › Re: DSTV Complains That Subscribers Have Dropped Massively In Nigeria. by iLegendd(m): 6:40pm On Jun 14, 2024

No be say money no dey to sub o, but wetin we wan watch again apart from football and animals on NatGeo Wild?

We can watch the football on the street or highlights on Tiktok and Nigerians are now roaming like those animals on NatGeo, so we've gotten everything for almost free.

We no longer need DSTV — Tiktok with cheap plan is more fun, informative, and educational to watch.

11 Likes 2 Shares

Foreign Affairs › Re: Ghana Announces 3 Weeks Of Power Cuts Due To Reduction In Gas From Nigeria by iLegendd(m): 6:10pm On Jun 14, 2024

Ghana should not pay.

2 Likes

Business › Re: Look At 80k Ram In Orange Market Nassarawa by iLegendd(m): 5:47pm On Jun 14, 2024*

helinues:
Southerners should continue waiting for northerners to produce foods they would consume.

Imagine southerners importing ordinary rams from North, same way they would be importing tomatoes, yams, peppers when it's not that they are disabled

In summary, all the Northerners that come to the South for red oil business, crude oil business, buying of inexpensive shoes, etc. should stop and focus on producing their own crude oil, red oil, shoes, etc? Is your answer a yes?

I support your idea of everyone growing their food and yes, everyone does. The reason the South goes to the North for extra food is not because they don't have, but they have too many eateries, hotels, businesses, events that lots of food is involved, etc. way MORE than the North.

Even without the South, the North will not lack fuel. There will always be a way. Also, even without the North, the South will not lack food, there will always be a way.

In fact, that is what we want so that every region can be more independent and creative. Think about it.

8 Likes 1 Share

Investment › Re: BTC Cycle Explained In Detail For A 7 Year Old To Understand by iLegendd(op): 5:40pm On Jun 14, 2024

ZaRuleOfLaw:
Coins like Notcoin, ICE, and CORE... are they alts?

Every coin is an alt coin (alternative coin), except BTC.

If you go through cryptocurrency history, you'll see great coins that have died and no longer exists after huge promo and hype. They're all altcoins.

They'll make you lots of money, but know when to leave until it has proven itself to be a gem after 5-8 years of existence or after 2 bear markets and the coin is still in top 10-15 with the dev. team and community always making moves.

4 Likes

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 5:14pm On Jun 14, 2024*

I spent 8 hours, from 2AM to 10AM, going through all the top 50 coins on CoinMarketCap's history from 2013 to 2014 and I learned a lot. I checked their prices, when they topped, bottomed, kicked out of top 50, etc.

From my research, Ethereum is a boss. That man loves to fly when BTC loses dominance. BCH is a guy man and XRP is too lazy, but good with leverage when ETH takes over leadership from BTC.

BNB is a pretender — it's a money minting machine but loves to move in silence like Olamidé without showing off like TRB (Hushpuppy).

I have jotted a lot from my observations and it's 8 hours well-spent. One thing I realized is, the market is predictable, but fear makes us think this time might be different. Yes, it might.

Ending of June/July there is always a big movement — either a huge pump or a huge dump to scare weak hands or get retail excited.

BTC loves to top or bottom in second week of Nov. or Dec., then a few alts will still pump for 1-3 weeks, but it a trap. It's only in a rare occasion it will bottom in January or Feb, the second year after halving. 99%, it's Nov or Dec.

Any unknown alt that tries pumping next year and joins top 10 or top 15 after BTC has bottomed or close to, I'll short it because they always dump the hardest. You just came out of nowhere and entered top 10-15-20. Who does that? You can't jump into where you don't belong.

So, be rest assured there is a pump or dump In June-July and the longest it will take is August for things to start to reverse and pump to signal retail to get ready for next year. Sometimes, it reverses in July.

Though, the parabolic pump is a year after halving, from September to December. Any parabolic move you see in halving year, after halving, is nothing compared to the one you'll see in Sept-Dec., the year after halving.

When the chart started in 2013, it was only BTC and LTC and a few alts that are dead now. Weeks later, XRP joined.

I paid attention to every detail, changes, etc. I urge you to try it. I learned AVAX is undervalued in price. I have been shorting the market from 73k. Also, I do switch to long when necessary.

This June-July pump or flush is to clear way for August-Sept and the rest of the year even though nothing goes up in a straight line except it's a coordinated plan to liquidate some over-leveraged people.

It's not everyone that entered a leverage trade last month or last two years is alive today, so they need to be flushed. If you're on spot, there is nothing to worry about other than looking for extra money to buy more.

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Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 3:56am On Jun 14, 2024*

Deleted

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Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 3:18am On Jun 14, 2024

Siberia01:
your a legend in the game...HTF did you know max and crash

This year.

1 Like

Food › Re: Would You Buy This ₦1 Million Sallah Ram? (Photo) by iLegendd(m): 8:11pm On Jun 13, 2024

Yes

Some people don't know we won't live forever. Invest, enjoy, procreate and make impact in your community. That's the only thing we came to do in this world.

All these go to school, go to Church, go to Mosque, etc. is a distraction. The only place we're supposed to go to as humans is farm so that we won't lack what to eat.

11 Likes 1 Share

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 7:04pm On Jun 13, 2024*

IAmHim1:
I don't charge anybody for knowledge
If I have ever charged you, PLEASE STATE IT HERE AND POST SCREENSHOT

I am ambitious because it took years to learn what I know...painful long years...you can't even imagine...I thought I was losing my mind...

Now I come online and see people making the same mistakes I made 4 years ago...

HELL NO!

I'll place the truth in all the places that youll see it.

I've suffered so no one has to suffer again.just wanna show people the lights.

I studied people materials from afar...now I wanna show what I've learnt....the Truth but everyone is fighting me...
Why

Why you all against the truth

It's Time and PRICE.
It's been coded like this into an algorithm before you were born
Why are you fighting the truth

Y axis of your charts= PRICE
X axis of your charts= TIME

Where TIME AND PRICE ALIGNS, THATS WHEN THE MOVES HAPPEN
that's why forex factory news IS TIMED and that's why there's news embargo to align the injection of volatility in the markets!!!

see it yourself. Post screenshot here. That's the truth of all financial markets

Time and PRICE. Took me 4 years to learn.
I ignored the time aspect and only focused on price.
Lolzzzz

I got burnt...
Now you all are here making same mistakes I made.
Lolzzzz

YOU HAVE NO IDEA WHATS GOING ON IN THESE CHARTS if you keep following Elliot, gann, cup and handle, macd, rsi, butterfly, TDI, scalpilando, momentum
Lol

You have No idea what going on.
Go through my threads. Maybe it'll click for you then

Doyin made me come check up your comment after I ignored. I love to learn. I have watched videos of your mentor and his students, good, but it seems you have discovered something more than his.

I want you to create a YouTube video explaining everything as if I'm a 7 year old, even with pidgin English and enter a trade to implement what you taught. After you've won that trade, enter 4 more so I can see the winning potential. Or do you prefer livestream?

I know you want to help us for free, but I despise free lunch.

How much will you charge me? For me, I have 50k to 100k to spare.

Deal or no deal? I really want to be a pro like you and never EVER lose a trade like you again. I want the algorithm to be part of me so that I'll always win. I don't want the matrix to keep getting me.

By the way, you sound exactly just like your mentor. He lays emphasis on exactly the same thing you emphasize on. Keep it up. So, are you ready?

7 Likes

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 7:00pm On Jun 13, 2024

doyin01:
Oga you are making yourself look like a nuisance who is just here to troll..you want to help people and they are not giving you attention.. Then rest and take your leave.. what happened to your self-respect??

You can go on twitter or telegram or Facebook and you will get people you are looking for. On this thread, they are not welcoming you...is it by force?

I read this and thought you were referring to our saviour, so I checked and I wasn't wrong. With his seriousness, I want to throw him a challenge. Let me go quote him.

3 Likes

Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 6:46pm On Jun 13, 2024

Oladhips:
Honestly! Boss man

I had a family friend who called me when btc hits ATH said he wants to get into crypto.. I send him some free YouTube videos to study but he never text back till today

Now, if market start to pump again I'm sure he will comeback looking for coins that will do 1million x

1 Like

Investment › Re: BTC Cycle Explained In Detail For A 7 Year Old To Understand by iLegendd(op): 6:41pm On Jun 13, 2024

ZaRuleOfLaw:
In summary, what is going to happen this year? I was expecting bull run to start in April/May

Bullrun has already started since December, 2022. Oh, you mean altseason inside a bullrun? It will start soon. Judging by past history, it's next year, but BTC can still break all protocols and do it this year or at least, half of it this year and it spills into next year.

4 Likes

Investment › Re: BTC Cycle Explained In Detail For A 7 Year Old To Understand by iLegendd(op): 6:12pm On Jun 13, 2024*

BTC CYCLE EXPLAINED IN DETAIL FOR A 7 YEAR OLD TO UNDERSTAND

0. 2009 - 2012 introduction cycle
1. 2012 - 2016 cycle 1, but ends in 2013
2. 2016 - 2020 cycle 2, but ends in 2017
3. 2020 - 2024 cycle 3, but ends in 2021
4. 2024 - 2028 cycle 4, but ends in 2025
5. 2028 - 2032 cycle 5, but ends in 2029
6. 2032 - 2036 cycle 5, but ends in 2033
7. 2036 - 2040 cycle 5, but ends in 2037
And so on.

Twelve months from the top of the previous season to the bottom, the new season begins and it's segmented into 3 stages.

Example: 2020 to 2024 cycle hit the top in Nov/Dec. 2021 and started going down to hit the bottom in Nov/Dec. 2022. Ended so early?

Yes, so early, because it started so early too without people realizing it because they were still going through the joy of their wins or the pains of their losses in the previous cycle.

So, they didn't remember the moment BTC bottomed, a new cycle had begun inside the previous cycle and BTC dom has started all over again.

Putting the 4-year cycle into 3 stages or seasons, even though most people like putting it into two phases of bull market (up) and bear market (down), we have...

BTC DOMINANCE SEASON
Stage One: 1 year and 6 months after the bottom of the previous cycle. (BTC dominance takes over while alts pump a little, but bleed like Sallah ram. It keeps happening - pump and dump - until they have lost 70-90% of blood a couple of times, not just once or twice. They bleed silently.

In BTC dominance season, an alt that lost 90% in the last bear market will still lose 50-90% more as long as it's not among the top 10-15 coins or top 3 meme coins with a huge community to pump and sustain it early).

PUMP AND BLEED SEASON
Stage Two: 1 year and 0 months more. (BTC dominance continues, but ETH tries to take power with some top 10-50 altcoin gang members, especially the newly listed ones owned by big institutions or communities, but they couldn't. This is the period to use the 3 Magical Boxes technique to trade the pump and bleed of alts.

The pump and dump of stage 1 continues even though the newly listed coins are pumping 100%, 300% to 6000% per day, they'll still dump weeks or months later and succumb to BTC dominance.

This is like a recovery phase for these old altcoins, but it's not easy. They are getting tired, but they can't do anything other than pump and bleed to a new low.

BTC went parabolic for a pre-halving rally and did more than 50% pump within a week to get the whole world excited again that the bull reason is back, but all the people who shorted it got liquidated. Sadly, his children, the altcoins, didn't move much, except for 5 stubborn newly (born) listed ones.

After some consolidations with a couple of bad news that didn't favour the crypto market, BTC lost 5-7% in price, not in dominance, but weak alts dumped so hard in price and in dominance for the 20th time since the season started.

All those who refused to take profit whenever alts pump, have lost their gains and even some of their capital. Their DCA approach has failed. Why? Wrong timing.

You're only allowed to DCA into the top 10-15 altcoins the day BTC bottomed and ignore the other alts (or day-trade them only) because they'll keep bleeding whenever BTC sneezes even if the price of BTC didn't dump, at least, the dominance pumped behind the scene — after a small pump, comes a big dump on alts as BTC takes over market dominance in price and in percentage.

A lot of people started shorting BTC because of bad rumours circulating social media and it made another unexpected parabolic move again against popular opinion to liquidate them and it's now closer to the previous all-time-high, but didn't break it (in most cases) or maybe, it did (in rare cases).

So far, so sad, two years and six months of frustrating newbies who started DCAing into below top 10-15 alts is gone and we're left with 1 year and 6 months of regret by too-early DCA'ers and those who were still waiting for BTC to come down 1k, 12k, etc.

They've been left behind by BTC and their below top 10-15 alts bag is also bleeding to death. Double loss, hence they start revenge-trading to meet up with shorts and longs.

They make profit today, it bleeds tomorrow and they lose a huge percentage, if not all. It has always been like that.

ALTCOIN SEASON
Stage Three: 1 year and 6 months final stage. (Halving just happened, but everywhere is so calm. No pump, no dump. The market is silent and boring in most cases.

Newbies were thinking halving will make the market pump, but no, it doesn't; instead, it makes it dump after a period of boring consolidations and that is the lowest price BTC will ever go in that season except a black swan event happens as it did in 2020 when COVID19 became a pandemic.

BTC has still refused ETH, his first son, to take over the leadership mantle, but at least, ETH is not doing badly anymore, unlike months ago, even though they're both stagnant right now.

Three weeks to one month later, after halving, BTC lost 5-10% after a brief fake rally that alts didn't participate in, yet alts profusely bled 30-50%, but recovered immediately a little bit and some people who bought the dip are in profit, but it's a trap because it will soon go down again. It's a 5-green-day party, which happens 3 times within 1-7 or more days (extended version).

Two to seven days later, BTC acted as if he wanted to go downstairs to take food, but alts bled again out of fear because they thought Big Daddy is going there to take cane to whip them, but they had already peed in their diapers.

Luckily, ETH got upset and made some moves after some good news that favoured its ecosystem and alts followed, but BTC sneezed again and they dumped further, losing all the gains they made a few days ago.

As all these things were happening, different chains, companies, communities, etc. were pushing their updates, upgrade, mainnet, launch this, launch that, migration, etc. the industry is getting busy while pumping and bleeding.

BTC went back up to a range and was within that range for months while making sure alts don't pump too much, but newly launched stubborn alts refused to listen to him. A good time to use the 3 Magical Boxes approach to trade just as you did in stage 2.

He's beginning to lose his respect after 3-5 months of keeping the market stagnant while its dominance keeps increasing, but not the price as alts bleed at every sneeze from their dominant father, BTC.

FOMC meeting that was supposed to announce rate cut in June-July finally did it in September and the market was shaken, and everywhere was temporarily bloody, but BTC still kept its dominance at 52-58%).

Pump and dump of meme coins and other categories kept happening since the coast is almost clear. Also, the US election in November and Christmas in December added their spices.

Some funny news almost brought us back to square 1 and BTC dumped, but not up to the level of halving dump. Maybe, almost, and maybe, lower because sometimes, new things happen.

Everyone thought the bullrun had ended prematurely. Dissatisfaction here and there and thousands of crypto influencers and analysts started posting videos every 30 minutes on YouTube to air their views.

Some lucky newbies made money, but most lost and gave up as they tag crypto a scam.

JANUARY NEXT YEAR came and everyone was hearing news of the market pumping as a happy new year gift.

When they checked their dashboards, but it had already started crashing again, then consolidated. The market ranged for months as new coins kept coming up, pump so hard, then dump.

Finally, from June-July-August, BTC hits its highest dominance and decided step down in dominance, but not much in price, and hands over the mantle to ETH and his siblings from different mothers (ecosystem) memes, RWA, AI, Gaming, etc. These siblings will have a meeting and agree on the ecosystem to go first.

The long awaited ALT SEASON took over, long leverages get flushed as some BTC holders and weak miners sold and bought alts, based on the ecosystem that'll go first, then rotate to the second one and so on and the whole world will be swimming in parabolic green candles for months with minor and sometimes, heavy corrections to liquidate over-leveraged traders.

Greed is at 85%, but no one cares. The euphoria got to every corners of the world and everyone wanted to invest in crypto.

November came and some OGs left the market at 80-91% greed, thinking it's the end because their different indicators said so. Not bad, anyway. I would too.

Some moderately experienced rich traders started shorting with high leverage, thinking we're about to slump, only to realize there is a final blow-off-top with a God candle — the longest upside candle of the season and they got rekt.

Some got tempted to come back and join the pump, but realized what happened to them in previous season(s) and decided to place short positions only with small leverage.

At this time, BTC price went up further, but the dominance has reduced to just 40-20% while alts' dominance is at 70-80%.

The newbies never wanted this flow of free money to end. They have convinced even their dogs, cats, grandma, and enemies to invest in it.

Binance and Coinbáse apps are now the most downloaded on Playstore and Appstore. Every 5 social media short clips you watch, crypto is at least one of them. Even kidnappers will start telling their victims to pay via BTC.

Girls who only cared about eyelashes, BBL, BBC, CNN, NTA and Brazilian hairs are now talking about crypto.

Pastors and imams who spoke against it are now praising it because their son made 7+ million and bought them brand new chairs, phones, foodstuff, paid rent, etc.

Greed is now at 96% but these people have no idea of these indicators. YouTube and Google searches of Bitcoin, meme coin, Doge coin and crypto are blowing up.

They kept FOMOing to any coin that launches and pumps without realizing it's all a trap. There is money and chaos in the air. As the elders would say, big money doesn't like noise.

After some days of this final euphoria, in November or December or any of the "-ember" months, the bad men in black suits dropped a terrible news and the bad boys that do their dirty work pulled the trigger and everywhere became bloody. No single coin in green.

Instantly, BTC dominance begins to rise even though the price is dropping while alts are bleeding.

Suicide and tears here and there from newbies who borrowed millions or used important money budgeted for something urgent to invest at the top. It's quite lonely up there, isn't it?

Two weeks later, the market tried to pump and FOMOers got excited again, but there was neither volume nor strength to carry on, so it dumped again and they lost.

Those that shorted at the top are praying and begging God for the market not to bounce and turn to extended altseason.

They're praying for more dumps, while the newbies and FOMOers who couldn't control their emotions are bleeding, panicking and praying for pump, so they could at least break even.

Some of them cut their losses and vowed never to come back to crypto again. 🤣

This pump and dump took a year and we finally hit the bottom in November or December or January, the following year.

From here, stage one starts again and BTC dominance begins (oh, it had already begun when alts and BTC started dumping from the top), as the process repeats itself with a slight change of event, but the same theme and template.

At this point, the current top 10-15 altcoins are a little different compared to last season.

In summary, the bear market for BTC and the top 10-15 altcoins is only 1 year while the bear market for every other altcoins from sixteen down to thousand of alts out there is 3 years and a combination of 1+3 gives us the 4 year cycle.

This is a secret 99% of gurus on YouTube will never reveal to you because if everyone knows it, the market will be like Real Madrid VS Bayern Leverkusen.

It will be boring until the 70th minute (7 months to the top of the market), and you'll start seeing goals from left, right and center.

The end for now.

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Investment › BTC Cycle Explained In Detail For A 7 Year Old To Understand by iLegendd(op): 6:12pm On Jun 13, 2024

See the text format below.

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Sports › Re: Between Copa America Best XI Vs Euro Best XI, Which Team Is The Best by iLegendd(m): 4:44pm On Jun 13, 2024

I wanted to go with the one with Messi, Vini and Rodrygo, but when I saw Mbappe, Foden, Rudiger, KDB, Kroos, I became powerless.

Ronaldo isn't needed because he'll be too selfish and Mbappe will not like it. Two of them will end up becoming selfish and Messi + Vini will do their magic as usual.

Without Ronaldo, Euro will win. With him, America will win.

2 Likes

Romance › Re: Man Surprised His Girlfriend With A Portrait Of Her In Bed With Another Man by iLegendd(m): 4:23pm On Jun 13, 2024

DonEd:
Who makes love covered in a duvet? That portrait looks like a skit shot.

Me, when AC is at lowest.

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Family › Re: Man Rejects Father After Abandoning Him Since He Was 2 Years Old by iLegendd(m): 4:04pm On Jun 13, 2024

I don't know what transpired, but it's either the man is was a drunk, lazy or a womaniser and she left cuz she was tired. Or she cheated and he sent her packing.

She went with her son and maybe, the man fought back to get his son, to no avail.

Or she went with her son and deep down, the man knows he isn't the real father and didn't bother — after all, she cheated.

At old age, he decided to checkup on them, but the son who doesn't know the full story because his mother has told him a different story (women are so good at this) and he believed her. This is why the man was probably laughing because he knows the kid is ignorant of the full story.

If the man tells him his side of the story, he'll never believe him since he's been reprogrammed by the mom to think the dad is wicked.

In the end, when he gets married and gets cheated on or disrespected, he'll understand better. It's a matter of time for boys to realize what men are going through.

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Investment › Re: Crypto Currency Investors Thread by iLegendd(m): 3:10pm On Jun 13, 2024*

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