Bitcoin (BTC) Must Lead the Way Out of the Bear Market
BTC is the one.
I have been in crypto enough times to know that things are often not as they seem. But even though the recent pump got me (and probably you as well) extremely excited, I had to slap myself to face the reality. We are still deep in the bear market. The BTC and almost every other cryptocurrency out there pumped, just to be rejected and went back down.
But let’s be real. It was nice. Hopium. In times like this, we need it. Some part deep inside is still hoping that this was the bottom of the bear market. Even if it is not real, it still gives us a feeling of positivity. This is a reminder of why we are here — not just to make money, but to be a part of a financial revolution. A revolution where we are in control of our own money. A world where your wealth is on a blockchain, that only you can access and that no government can take away.
We do need a reality check. So, this is one. There is only one champion in crypto, that has been here with us since the beginning. It is not ETH, not SOL, ADA, BNB, LTC or any other. It is BTC. Not only that, but it was always a market leader, and it has always been the first one to indicate an end to a bear market. Once the market domination of BTC reaches the “top”, money will start to flow into altcoins, starting a new bull market. Therefore, the safest way to invest in the bear market is in BTC.
Every other coin statistically falls in price more than the BTC’s price. If you buy BTC, you will be able to buy more of your favorite altcoin in the future by simply swapping it in the BTC swap. That will work even if the price of BTC continues to decline, another coin will decline even more. What supports my claims is the fear that SEC will determine that your favorite altcoin, is a security. If that happens, it is done. No one can simply come back from that.
You are a security! You are a security! #SEC 2023
So, pay attention to Ripple. It all depends on the SEC Vs Ripple case.
And remember:
Exchanges are like public bathrooms. You need them. You use them, but you get out as soon as possible. Self-custody all the way.