Bitcoin (BTC) - Reality check #2

Hi guys, welcome to a new post.

I wanted to write this post because believe it or not I still get comments on my old YouTube videos saying how wrong I was for calling the top of the market. So this post is to both, the followers here who want to learn & actually already know about markets, and to those who are still living in the clouds & can't argue with anything other than 'you were simply wrong'.

Look, me being right or wrong is not really important, I'm not the type of person who's looking to be famous here, my only purpose is to make money & help others make money as well or at least help them to not lose too much in this over-hyped market.

So far my profits already paid for half of my property, by selling my alts right at the top & never buying in again. I bought monero at $15, Eth at $52, zclassic before the fork for $1 & a few more... Sold them all at the highs. I called the top for ETH. I posted it here on steemit, go check it out. Look at any of these coins today & tell me I could not go & buy them for half the price.

I sold most my BTC on the highs some at $2600, $2700 & $2900. Kept about 10-15%. I've been out of the market sleeping so well for the past two months. Now I got back into BTC after the 3k level was broken & confirmed the uptrend. I bought for $3380 & sold into USDT for the same price $3380. Go check out my recent posts when I called the Bitcoin crash one day before it happened if you don't believe it. Then I bought back in for $3266. You can do the math all I made vs all I missed.

The 'forever-bullish' guys who have been trading altcoins live on youtube for the past two months have been loosing consistently day after day in front of everyone & consistently continued to call the bull market, up till the last day. They are sitting in massive losses still, holding their alcoins to the day when some of them are 60% lower then when I sold & most still downtrending! Those are the same people who criticises me, and other channels like Marc de Mesel or Kubera for being down to earth. Reality is, De Mesel, Kubera, me and few others actually made a lot of money, while the haters (some) have been losing & continue to lose today.

Bitcoin formed a perfect market top, and the fact that it was broken doesn't mean it was the most probable scenario. Just like NEO's current pump is not something you would usually see in any market, not even in crypto. But hey crazy things do happen, no analyst will get 100% of their predictions right because there aren't indicators 100% reliable. But if you trade or invest based in multiple indicators & factors, instead of being bullish just because everyone else is, then you will be making profits consistently in the long run. The numbers don't lie, we have made a lot of money, the 'forever-bullish' guys lost a lot of money. Period.

The market cap is only 10B above previous all time high, which accounts for the money that came from Bitcoin cash. BTC gain is BCH loss, and that makes up for the excess in market cap. No new money has come into the market, or at least not a significant amount. The demand/supply theory still holds & it still shows we are close to a top. If no big real money is willing to come then the market has to go down.

It is not only the few things I am exposing in this short post, there a number of other factors to back up what I am saying which I have been showing on my Youtube channel for the past 4 weeks. They still hold, the fact that BTC broke 3k thanks to BCH fork doesn't change reality.

Do I believe BTC will hit 4k? yes I do, I believe it will hit 4k, based in technical analysis there is more chance for that to happen than not. Maybe even 5K. But, do I believe we're only at the beginning of the bubble, hell no. I think at 4k we will see a monumental correction & there is a good chance that that could be the top.

People didn't believe it either in Nov 2013... I dind't... De Mesel didn't... We've learned...

Just be careful if you hold a lot of BTC, that is all I'm saying.

Cheers for reading & I'll see you soon xx