The Bull Market Is Coming but Most of You Will Get Rekt If You’re Not Careful
There’s no such thing as “this time it’s different.”
What goes up must come down.
That’s the theme for today, especially in light of the impending bull market in the cryptocurrency space.
We have come out of hibernation and BTC is over $51k at the moment of writing this sentence. It ain’t my first rodeo so by the time I hit publish we could flash crash to $48k or something. It wouldn’t be the first time.
The block reward halving is just around the corner, which means for those of you lurkers who aren’t in the know the reward that miners get for solving a BTC block gets cut in half.
Theoretically, that means BTC becomes even more scarce, and mining more expensive because the stakes are higher for a smaller reward.
Will “number go up?”
That’s the million-dollar question, and from the look of things and the palpable excitement in the air across Crypto Twitter, the bull market has probably started.
But wait a minute, I thought you started this article with “What goes up must come down.”
I’m getting there, but first, we have to set a backdrop.
