The last run up was like nothing we've ever seen.It started in Uptober 2023 at $28k.It started in Uptober 2023 at $28k.We peaked on ETF approval around $48k in January.We peaked on ETF approval around $48k in January.V-shaped sell-the-news dip down to $39k (-23%)V-shaped sell-the-news dip down to $39k (-23%)From here it was essentially only up with no noteworthy dips all the way to $74k ATH.From here it was essentially only up with no noteworthy dips all the way to $74k ATH.

LoL WuT?No, Bitcoiners are not "batting 1000". They literally say everything is a scam except Bitcoin so anytime anything crashes ever they are "batting 1000". How many times have we heard them say USDT or Coinbase is going to collapse? Still waiting.

This morning's trading action has been insane.So yesterday I took some gains off the table (deleveraged my long) at $66k because that green candle was the most massive one we've seen in a long time on the daily. I've been slowly DCAing my position hoping to buy back in lower, but the price keeps pumping. It's a little annoying but luckily a friend copy-traded me and got an even better entry point right below $61k so he is killing this trade. The plan is to just hold till the end of the month and maybe into November.

How risky is Bitcoin really?This really depends on the perspective of the individual making the assessment.Personally I like to gauge risk from the vantage point of the four year cycle.Then again most no-coiners don't even know that this cycle exists.

I saw this short the other day and it really resonated in a way that is rare these days after so many years of research into crypto. For the most part I've already covered a lot of the psychology and philosophy of crypto adoption, but this analogy seems to hit different.

Sunday low-volume pump fizzled.The market is hypersensitive to every one percent move it seems. Going up a few points results in we-are-so-back while moving down becomes an it's-so-over moment. Classic psychology in play right now; everyone has them crab-market jitters. When will it end! Blackrock must be manipulating because number isn't going up! WAH! What if price is still $58k in ten years? Jebus.