iLegendd: 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.
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I hold all of these Andy on sol is listed on bitget, gateio Tier 1 exchanges soon
Usdtstaking: That is where DCA (Dollar Cost Average) comes in. You can still sell at a profit if you start implementing DCA. Your bags don't need to make it back up.
you can DCA for the rest of your life without it making back up
clems88: the thing taya me. Looking at my wallet makes me angry. If this bullrun eventually starts , God knows me no dey hold any coin again. I'll be trading n taking profit.
I no bother dey look if e like make he turn to dust God knows I tried hustling for generational wealth
seanwilliam: Tbh, All of us that are riding in this bull run, we deserve to win .. Imagine risking thousands of dollars with this current exchange rate on krypto? 500$ equals 750k 1000$ equals 1.5m , I mean risking such amount of money on something wey be say if you lose am, you can’t hold anybody accountable something not regulated. Omo..
Risking such amount of money in a country with 30k minimum wage takes a lot of balls and strong desire. May this bull 🐂 run favor us ..
fvck ... How we go do ?... BTC sev dey form double top for Weekly TF
Taking loans no be crime... What do you aim to do with it ? Share it to NASS members as usual? We haven't even invested in agriculture or education with all these loans And food prices are soaring everyday Is it to defend naira?
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?
The market is menstruating heavily Might bleed through the weekend If BTC touches 61k Then will have to buy aggressive and greedy.. Weak hands will be shaken off
iLegendd: I have been talking about BTC dominance too much and I won't stop any time soon until everyone on this thread takes it seriously. One thing I forgot is to tell you how powerful USDT dominance is to. My apologies for not telling you.
I'm begging you in the name of whatever you believe in, watch this 25 minutes video posted 10 hours ago about USDT dominance and you'll be so glad you did.
Forget about how his microphone sounds and focus on the chart and what he's comparing. Also, you'll realize there is fire on the mountain — we just need a good and disastrous capitulation first.
A fire that'll give you hope and benefit you massively. From the 7th minute of the video, you'll begin to shake your and say, "Wow! I never knew this simple trick." Use high resolution to see the chart clearly.
I know most people don't like this "capitulation" word, but it's part of the game. Some alts need to go to zero first before the game begins.
Tflex01: I understand you perfectly but even with the pullback if you check very well you will see that those 3 have all done almost 4X (400%) in the past one month so I expect more dip at least.
Tflex01: It can go either way but personally FOMC always give me small thing because MARKET MUST REACT. Usually if there is a pump I take profit aggressively because there would be a retracement within 48 hrs, but I kind of prefer a dip because of the pump that usually follows after few hours/days.
I have some USDT for the dip as well but won't use it if there is no major dip in $BRETT, $GME, and $TURBO. I'm not planning do anything with my remaining bags.
Yes thanks for the input but I don't these guys $GME $BRETT $Turbo Will retrace.... Have seen the charts most are recovering from a pullback
This wave guy wetin be your problem kilode? Make we leave the thread for you? Can't you make money through your forex in peace? Na so Una chase kingsteve comot for here
Fraud club... It's funny how a club whose history started in 2015 are doing gra gra up and down Their fans are shameless and glory hunters... They should be relegated to league 2 and fraudiola stripped of his coaching licence... All EPL titles won through dubious means .. should be stripped off them.. Their nemesis has caught up with them