cycle theory

it never changes

we were screaming left translated a few months ago and this time its different

but honestly, human psych never changes and likely nothing is too different

that said, its prudent to scale out and take profits always

keep your money > being right

.

if you are comfortably making money clicking some buttons with no worries

remember how fortunate you are to be able to

reading stuff like these really put things into perspective

the amount some of us are punting into shitcoins can drastically help alleviate the lives of many

gotta keep my head down, be humble, and help others when i can

ruh roh!

ill be disappointed if hype doesn't fill the wick this cycle

some stats to think about when you're complaining

i remember reading this piece back in 2019 when i was still a broke student

i was super amazed and so were the bulk of readers

it seemed and IS still such an amazing feat and is considered unachievable for many

100k by 30

probably one of the pieces that triggered something in me

and ever since i never stopped looking for hustles to "make it"

failed plenty along the way, my friends would know

kept falling and losing money to small business ventures to a point where i was saving half my dinner for the next day's lunch by reheating food

probably why i end up being incredibly grateful for whatever opportunities and success i've had the privilege to come by

we keep learning and growing as we go along in life

i also plan to be more aggressive in taking profits on lower caps

previous wave i roundtripped a lot for no good reason other than trying to hit a 'big' one

also because of whatever i said regarding memes and dilution previously

BTC treasury companies and current buying pressure :

$MSTR - obviously. Buying $2bn worth of $BTC each week. Mostly from ATM but convertible bonds (CB) too. Still has dry powder of $9bn from ATM and $18bn from CB based on the 21/21 Plan

$MARA - copied the MSTR playbook by issuing $1.85bn worth of CB since the elections. Bought $550M worth of BTC from Nov 30 to Dec 10. Still have $450M left to buy BTC.

$RIOT - followed same strategy, just announced that they raised $525M worth of CB and will use it to purchase BTC.

$SMLR - not a mining company but it pivoted to a BTC treasury strategy, they are waaay smaller and acquired $30M of BTC from Nov 24 to Dec 4 with ATM.

Metaplanet - a Japanese company that is copying Microstrategy. They are very small and hold just above $100M of BTC.

Other mining companies ? - MARA and RIOT strategy could push other miners to follow the same playbook, for example Hut 8 or CleanSpark, which both hold around $1bn worth of BTC. Hut 8 announced an ATM a week ago and wrote that they don't exclude "the purchase of Bitcoin as a strategic reserve asset" among the uses of the proceeds of the sales. Some people are speculating that CleanSpark will issue a CB too.