November 12th 2024
I’ve been trying to write this email for days.
Only an asshole would say, “I told you so” (though that didn’t stop the president of El Salvador).
Instead, when moments like this happen - I’m speechless.
Also because advice is easy, what happens next is the hard part.
Buying is easy. Selling is easy.
Doing nothing is hard.
Especially through the drama, fear, volatility, self doubt and emotional turmoil we’re all destined for this coming year.
But for now, we celebrate!
Congratulations to all of you who’ve been buying the dips and dollar cost averaging your hard earned money into actual hard money. You’ve been vindicated.
Nothing but blue skies ahead.
To the moon 🚀 — @GΞR฿Z Founder & Creator @ BitLift
PS: I wrote this article four years ago at this exact moment when we broke above the previous cycle’s all time high - everything still applies (except my price prediction, or does it!?).
“The Cycle” Update
Everything I predicted back in March after the Bitcoin ETF launched has come true, except the final step:
✅ #BTC maybe sets a small new ATH here, but it won't hodl
✅ Putz around until the halving on 4/20 then dump
✅ Retest $1T range (~$53k)
✅ True breakout Q4 '24
👀 Top out Q4 '25
So “The Update” for this week is we’ve crossed the “True breakout Q4 ‘24” threshold. Now THAT’S what a breakout looks like! All that’s left for the 5X parlay is to hodl till the top in Q4 of next year. And at this very moment, even I don’t think I can do it.
The best way to ensure you capture these hard earned gains is to average out the same way you averaged in. Trying to time the top doesn’t work well without A LOT of luck.
We’ll be talking price predictions and exit strategies for the next few weeks. For now, we sit on our hands. If you’re feeling antsy, maybe review your crypto financial plan.
Crypto Podcast Snips
Did you watch our latest episode of The BitLift Breakdown - Altcoins & Narratives? If not, here’s a few snips.
Brian Russ:“We should consider Alts as Leading Indicators”
GΞR₿Z:“TON could be as big as Solana, it still got room to run”
GΞR₿Z:“You should use CoinMarketCap as an Investment tool”
Keep Up With Crypto
What I’m reading, watching, sharing and keeping an eye on in crypto recently.
@GΞR฿Z: $3K
From the BitLift Discord #trade-log:
- @TJ2005 10/27 - ETH to SOL @176
- @TJ2005 10/27 - Bought Doge at 14.2
- @FΞRΞNC 10/30 - Bought $POKT @0.05 - only to bring down my average price. The price of my existing stack was a shocking $1, now it's 0.095, so even if it only goes to the levels of May this year, I'll be making a profit
- @GΞR฿Z 11/6 - Sold $COW @ $0.59 for a 290% gain
- @GΞR฿Z 11/6 - ok... I'll bite... Bought $FXS @ $1.88
- @skp_onchain 11/7 - Sold all my $POL at 0.3$ to $SOL at 161$ last week, tired of that shitcoin (even though polymarket kinda used protocol well)
- @FΞRΞNC 11/7 - Bought $SUI @ 2.42
- @GΞR฿Z 11/10 - Sold ALL the $CRO I've been stacking for years (cash back debit card rewards) for BTC @ 10.43¢
- @428580 11/11 - 3AC has it's own memecoin. It's called Three Arrowz Capitel (3AC). Bought a punt's worth.
From the BitLift Discord:
@GΞR฿Z: $88,888 - Ya'll know the frequency of wealth and abundance? 888hz
@FΞRΞNC:
@GΞR฿Z: So $730k? 😅
@FΞRΞNC: Apparently!! 🚀
@GΞR฿Z: That's only a 10x
@skponchain: any ideas on LINK this cycle? it kinda moons pretty late, curious if anyone has thoughts if still solid fundamentals and growth possible in price action or not , realised I've an old bag of it
@GΞR฿Z: I like LINK. Spot on bank adoption narrative. They just launched some new stuff I haven't looked into yet. Here's my chart showing waypoints along the way to new highs. I see no reason it can't break above $53 this cycle tho.
@Guero: The only token in the top 100 that lost value in the last 7 days is Monero. Interesting…
@GΞR฿Z: My second biggest altcoin position after ETH 😅
@badjanitor: Watch out for these phishing attempts targeted towards Ledger users. They're getting somewhat convincing.
@guero7759: Rule of thumb: never click on any links in emails.
@igelthewolfie: 77K 🚀