MATIC - An Altcoin Season Use Case
If I told you, that I could help you multiply your original stash of Bitcoin by 50x, (this chart shows a 100x gain of your Bitcoins.. 0.1 BTC invested would = 10 BTC later in the year) you would probably think I also believed in conspiracies and wore tinfoil hats.
But...
The thing is, it's true. And I wanted to demonstrate a use case.
I know this is a chart of MATIC/BTC - But my overall message is regarding Altcoin Season in General, and my plan on exit.
Starting to accumulate right around September, I noticed the trend of the Altcoins going down vs Bitcoin. I knew about this from last time, but I didn't think it would hit the exact same spot on the exact same timeframe. But it did, and October/November saw the bottom out of many alts. This went until January, when all the Altcoins started lifting off, just like last time.
So, buying MATIC all the way down to the bottom, using a declining price target, increasing volume strategy, I was able to buy all the way down. But I was still mostly buying with USD. Then, I was in for the long term 3-5 month trade, until I was surely going to sell into Bitcoin.
So what happened? Matic gained 1000% on Bitcoin, giving me 10x my original Bitcoin supply! While many people are buying MATIC, as they see it on Coinbase Pro - I am SELLING. Here is why. I set a very strict policy to make Altcoin Season work for me. I do not want to get stuck with some bag of crap once May hits, and Bitcoin takes off. So, I sell the Altcoin, when it reaches 1000% from the bottom of where it set out against Bitcoin in November - January. I gave myself the freedom to keep 5 coins past that gain line. Matic was not one of them.
You see, I am only really shooting for 5x my Bitcoin by May... So I would have been good with a 500% gain - as this is what leads me to a 50,000% Gain on Bitcoin (50x BTC gain). With what I have gotten from 7 coins so far... I am on track for 100x gains of Bitcoin! Yes - As in, if you invested 1 BITCOIN with me at the beginning of the year, then you would be a fool because I am not a financial advisor, but that would end up being 100 Bitcoin at the end of the year, if this was seen through. My point is, I sold MATIC because there is NO NEED for me to get greedy here. I have earned 1000% more Bitcoin, are you serious?! This is all anyone could hope for! Let's keep it going!
So whats next? I have now sold 8 coins for over 1000% gains, as well as 1 for a loss! Woo! Yes, there is risk. Overall, I have increased my total Bitcoin by 500%, which was originally my target, and the Altcoin Season barely started!
But...
The thing is, it's true. And I wanted to demonstrate a use case.
I know this is a chart of MATIC/BTC - But my overall message is regarding Altcoin Season in General, and my plan on exit.
Starting to accumulate right around September, I noticed the trend of the Altcoins going down vs Bitcoin. I knew about this from last time, but I didn't think it would hit the exact same spot on the exact same timeframe. But it did, and October/November saw the bottom out of many alts. This went until January, when all the Altcoins started lifting off, just like last time.
So, buying MATIC all the way down to the bottom, using a declining price target, increasing volume strategy, I was able to buy all the way down. But I was still mostly buying with USD. Then, I was in for the long term 3-5 month trade, until I was surely going to sell into Bitcoin.
So what happened? Matic gained 1000% on Bitcoin, giving me 10x my original Bitcoin supply! While many people are buying MATIC, as they see it on Coinbase Pro - I am SELLING. Here is why. I set a very strict policy to make Altcoin Season work for me. I do not want to get stuck with some bag of crap once May hits, and Bitcoin takes off. So, I sell the Altcoin, when it reaches 1000% from the bottom of where it set out against Bitcoin in November - January. I gave myself the freedom to keep 5 coins past that gain line. Matic was not one of them.
You see, I am only really shooting for 5x my Bitcoin by May... So I would have been good with a 500% gain - as this is what leads me to a 50,000% Gain on Bitcoin (50x BTC gain). With what I have gotten from 7 coins so far... I am on track for 100x gains of Bitcoin! Yes - As in, if you invested 1 BITCOIN with me at the beginning of the year, then you would be a fool because I am not a financial advisor, but that would end up being 100 Bitcoin at the end of the year, if this was seen through. My point is, I sold MATIC because there is NO NEED for me to get greedy here. I have earned 1000% more Bitcoin, are you serious?! This is all anyone could hope for! Let's keep it going!
So whats next? I have now sold 8 coins for over 1000% gains, as well as 1 for a loss! Woo! Yes, there is risk. Overall, I have increased my total Bitcoin by 500%, which was originally my target, and the Altcoin Season barely started!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.