In Cycles We Trust (BUT Trust No One)

I learned life's biggest lesson a long time ago watching X-Files: Trust No One

Sounds familiar?

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Trust & Faith

To Trust; is to believe that someone is good and honest and will not harm you, or that something is safe and reliable.

To Have Faith: is to believe someone; to trust someone to do or be what is claimed.

To trust is to believe, I believe a little in everything, hence it makes sense to trust no one. Or as King David said: “It is better to take refuge in the Lord than to trust in man."

Trusting in the lord takes a lot of faith, as you will not meet him in this lifetime. But if it´s the good Lord he would probably not tell you to buy Bitcoin. Or swap your Bitcoin for some silly Altcoin.

I side with King David, mankind has a kind side. A friendly face, willing to help ......until there is profit to be made. At least the Lord does not care for profit. But many that speak on his behalf on Earth do.
https://images.hive.blog/DQmTu15RNRDMx8MhQU9Nn17MhJxdTL5vt5J4eNdxvVj2VR2/giphy%20(21).gif

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Ulterior Motives

Okay enough Sunday school lessons, let me come to the point. In crypto you can trust No One. I mean we all trusted someone to get into this game, otherwise you would not be reading this. And many of those people were not aware of the ulterior motive they might have had to get you into crypto.

Maybe they were endorsed, maybe just spreading their affiliate link, maybe they actually thought they were helping you by sharing their endorsed affiliate link.

In this game everyone has an ulterior motive, knowing or unknowingly. And that is fine if you release that it´s perfectly fine. Because money making is a wonderful game & ulterior motives do not mean they automatically will get you REKT.

Not everyone is like Bitboy filling their own bags, some people don´t mind sharing their insights and actually help you grow. While they grow faster, but you can´t win them all.

It´s not who but what to trust

Now that we established that you can not trust anyone, what can you trust?
The easy answer is nothing, as nothing is certain although the chances that you die one day are probably the best odds you get in this life.

A less pessimistic view of crypto would be that there is something that might be worth having faith in.....

Those GD Cycles

Nope not that monthly cycle many ladies have to suffer and when they suffer their men suffer, but it´s probably not woke to call that out. What meant to call out are the BTC halving cycles.

If there is a clear and distinctive pattern in crypto it´s this one:

Now being a crypto baby and stuff I did not give these cycles too much thought. I was making Money! And it seemed that it was not gonna stop! If I knew then what I know now, I would have been much wealthier, but I guess that goes for all of us.

I had faith in people calling for a Super Cycle, a prolonged cycle, and even though I took my profit at the top of the Nov 2021 bull market.... that faith was very much misplaced.

I should have trusted the cycle, but hell I was so wet behind the ears it was like I just came from the pool. I wanted to keep making money, so that self-serving bias threw me for the lions that called for a prolonged cycle.

Even though I knew we should go down at least 80% I did not think the time was now, but it was.

My Bad

And so I started buying in again when we were down 30% at around 50K and increased those buys at 40K and kept going till my 10K profit was down 80%. At that point, I realized two things;

I should have had faith in the Cycle & this is probably near the bottom so I better start buying.

So far, I was correct on the first point, we were at 21K, and I had been investing as I already used up all my profits since BTC hit 30K.

There is a catch

I am gonna treat this cycle as if it will be the last. Because it´s hard to truly trust that this will continue once the market gets regulated and institutions are incorporated. But as things look now I think it´s safe to say I trust that we will have one more cycle.

And with the money I invested, I need to have faith that cycles are real. They have delivered every time so far and that is a great track record.

But what if they stop?

Then I lose what I was willing to lose, as that is the only true way to play the game.

Bottom Line

Nothing is for certain, but a good pattern holds much more value than any cryptofluencer, chart guru, or no-financial advice friend.

Until now the cycle seems to repeat itself once again, if you want to know why exactly there are plenty of people out there that think they know why. Me, IDC I just follow the pattern and have faith, what else does a human have?

Thank goodness you made it till the end peace, love and I am out of here!

[Source Pic](All pictures are by MyI & AI)

Posted Using LeoFinance Alpha