Last cycle it took #Bitcoin 4 weeks of sideways consolidation before blasting through the ATH.
Is history repeating?
Telegram: @Rajatsonitrades
My life changed very quickly.
10 years ago I was broke.
The only reason is my obsession with trading #Bitcoin and Altcoins.
I've failed many times and lost almost everything on numerous occasions.
With the bull market around the corner, it's not the time to give up.
The #Bitcoin Bull market is still yet to start...
Telegram: @Rajatsonitrades
When we hit 2021's all-time high, #Bitcoin    was a completely different asset than it is today.
In 2021, Bitcoin reached a blow-off top at $69,000 because of FOMO from retail investors.
This probably wouldn't have happened if we didn't have lockdowns.
Retail investors had money to throw around and made the smart decision to buy Bitcoin.
Some of these people studied what Bitcoin was and held through the longest bear market in Bitcoin's history from 2021-2022.
I'm pretty sure most institutional investors (smart money) weren't buying #Bitcoin    last time it was $60k+.
THIS TIME:
Someone has been buying 100 BTC 15-20x per day since the bottom in 2022.
This is no ordinary retail investor.
There are 10 Bitcoin ETFs.
Pension funds around the world are looking into this.
Nation-states have been accumulating.
Bitcoin reached a new all-time high OVER A MONTH before the halving.
THIS HAS NEVER HAPPENED BEFORE.
Smart money is accumulating Bitcoin.
Dumb money is dismissing Bitcoin.
Most retail investors STILL have no clue that Blackrock is offering a Bitcoin ETF.
This time is different.
Blackrock's #Bitcoin ETF now holds 242,829 #BTC up 3,577 from yesterday.
Blackrock holds 1.16% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 4x the amount of BTC that was produced.
Hundreds of millions of people will study and understand #Bitcoin over the next 10-15 years
A minimum of 1,000 hours of research is required
Most people can't handle putting in this time, because they don't care enough about changing their financial situation
Telegram: @Rajatsonitrades
If you're still hung up on the myths about #Bitcoin   , like "It's a Ponzi scheme," "It's slow," or "It's used by criminals"
Grab my free ebook where I explain why none of these myths are true 👇
Telegram: @Rajatsonitrades
Individuals will spend MORE on a #Bitcoin    standard because they will be saving in a deflationary currency.
When their purchasing power has increased 10-20x after a few years of saving, they will have more disposable income to spend on upgrading their lifestyle.
The biggest difference between a fiat standard and a Bitcoin standard:
Instead of borrowing money to spend (eg. credit cards and mortgages), individuals will spend their savings.
This means banks will lose their main source of income.
People like Jamie Dimon (CEO of JP Morgan) want you to stay away from #Bitcoin because it disrupts their business!
These are the people who benefit when the cost of living goes up.
Their lifestyle is supported by the working class.
They don't understand that #Bitcoin    is demonetizing their assets.
They would have spent some time studying Bitcoin if they weren't so lazy!
I try to avoid telling people to buy #Bitcoin
I tell them to study it.
Why?
If you buy Bitcoin without understanding what it is, you will sell early and regret it.
Bitcoin will destroy your emotional state if you're not ready for the volatility (like the pullback we're experiencing right now).
I know people who sold at $20K in 2022 because they thought Bitcoin was going to $0 and now they're kicking themselves.
I know people who went all in at the $70,000 because they thought it was going to $100,000, and now they're panicking.
Don't make the mistake of buying anything before you have an understanding of what you're buying.
Once you understand Bitcoin, these drops are an OPPORTUNITY, not SOMETHING TO BE AFRAID OF.
We are in the shakeout phase - a lot of people are being taken out because they have no confidence in the asset they own.
Bitcoin is the best form of money that has ever existed.
It's better than gold and fiat.
It has a limited supply.
The production cannot sped up.
It's backed by the most powerful network in the world.
Don't dismiss this!
#Bitcoin    is based on the "Greatest Fool" theory
Anyone dismissing Bitcoin (instead of studying it) in the 2020s will be the greatest fool of the 2030s, 2040s, and 2050s because they didn't see what was right in front of them
They assume that past performance is a guarantee of future results when it comes to legacy assets
They think real estate and stocks will continue to maintain their value because they did in the past
These people refuse to admit that financial markets are rapidly changing
They will buy Bitcoin at the price they deserve
#Bitcoin corrected 17.5%.
Is History just repeating again
TG: @Rajatsonitrades?
$74K: "I want all the #Bitcoin"
$66K: "I ain't buying that shit"
I've noticed this too
When you understand that your money won't be stolen from you, it's easier to focus on the more important aspects of life!
#BTC    is WAY undervalued
I don't know what the price should be by the time we have full adoption
But I do know that we are extremely early
Less than 1% of people I know understand the importance of neutral money
Almost everyone still thinks Bitcoin is a scam
#Bitcoin created a 17% correction EXACTLY like it did back in 2020 moment before crushing the ATH.
TG: @Rajatsonitrades
RWA hype is picking up thanks to BlackRock & $NXRA looks ready to blast to $1
TG: @Rajatsonitrades
#Bitcoin    ETF flows
Negative day but most of the outflows are from GBTC, which has an insanely high fee compared to other ETFs.
I've noticed that ETFs are getting much bigger inflows when price is going up.
Inflation is a way for governments to steal your time and hard work without you realizing it.
People don't realize how much mental strength it takes to become a successful trader.
Control greed when you're winning.
Control fear when you're losing.
If you can do that, you can do anything.