Well, this is not me typing just just sharing a tweet I came across on X, which is from a dude i have been following for a while, who seems to have some good knowledge of the crypto market since way back..
And here is his post in quote....
~snip~
If history repeats itself which I'm 98% it sure will, what is coming is a dangerous wealth transfer only accessible to those who are positioned.
I beg you in the name of whatever you respect, don't miss this bull run, there might not be another🔥💰🚀
Sell anything that need to be sold to position.
Go and borrow money and pay back in one year time, rent or sell your house, sell your cars, sell any sellable properties.
In fact, if you can, rent out your kids or spouse, when the bull market is over you can go and buy them back🤣😂. This is sarcasm ooh 🤣
The Hallmark is, do everything you can to raise funds to position right now for the bull profit.
So, I am curious to learn what ya all think, do you think he is right?, or wrong? Or are you just in-between this two opinions? Let's discuss about this and as well, the supposed coming bull run.
Regardless of the fact that there may be sarcasm in what he wrote, I don't like it when people publicly write such things because some may do exactly what he advises - and one of the more important rules when investing (especially in risky things) is not to invest more than we can afford to lose.
It is obvious that you can write anything on the internet (especially if you are anonymous), because there are few who will admit that they made a mistake, the majority pretend that nothing happened.
I won't say that $300k can't happen, but it would take a lot of money and a lot of persistence from those who would be on the demand side, and on the other hand, it would also take a lot of resistance from those who would refuse to sell at $100k and $200k.
This
"dude" doesn't have any special knowledge about the market, because everything he wrote can be found online and everyone who follows the crypto market more or less already knows that.