So in my last post I was very much strapped for time.
And nothing has changed in this one I might only have 15 minutes to crank this out as well. Fireworks wait for no one so on and so forth. In any case I know two different people who have birthdays on July 4th, so that adds an odd dynamic to the mix.
I wished one of them a happy birthday over the phone and they randomly told me they heard about this "halving event thing" on CNBC with regard to Bitcoin. Gotta love when you get a free counter-trading signal. The last time I got one of those was during the peak of the bull market when someone that refused to buy crypto for YEARS came up to me unsolicited and asked me if I knew anything for him to buy.
I had the common sense to tell him 'no' but I didn't have the common sense to admit that was a clear sign the bull market had already peaked in 2021. I won't be ignoring this one. Free pump free dump.
The obvious counter-trade.
I've already written multiple posts about how the halving event is a huge nothing-burger that's being over-hyped to the moon. This is just icing on the... burger. To hear a no-coiner talk to me about the halving event is just magnificent. If there was ever a more obvious counter-trade that would be it.
Essentially 1-3 months before the halving event should be some kind of peak. That's how the speculation of these things seems to go down. Coincidentally that means DCA selling a bit starting in January and continuing on until the market actually starts crashing (or even into a potential dip). Speculation is speculation.
In any case my nephew was quite intrigued by the idea that this song "made money" in my last post. Should I give him a cut? Oh yeah he also wants everyone to watch him recite every country in the world in under 7 minutes. Them 9-year-olds amirite?
Today he was also watching more geopolitics on the middle east but I can't say much more than that as he was watching it by himself and I missed this one. Although there was a lot about Kazakhstan and how they don't have access to the ocean and have to transport oil through Russia while walking on eggshells being in between two superpowers (China & Russia).
Conclusion
Damn looks like my time is up again. Will be nice to get back to my regularly scheduled routine where I don't have to speedrun these posts. Will we get to wet our beak on this action? I guess we'll figure the latter out right after the year's end. Goodbye year of the maximalist: we won't miss you. Wen altseason?
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