sport football: Why You Need Diamond Hands for the Coming Melt-Up Phase

November 27, 2024 | Listen Online | Read Online

Why You Need Diamond Hands for the Coming Melt-Up Phase

On November 22, bitcoin touched $99,860 – a hair's breadth away from the $100,000 I've predicted for years.

Since then, we've seen it pull back more than 8%. Right now, bitcoin is trading around $94,500.

Meanwhile, altcoins are getting slaughtered. Tokens like PNUT, CHAOS, and POPCAT are down as much as 57%, 58%, and 41%, respectively.

Friends, if I've told you once, I've told you a million times. Volatility is the price of admission for life-changing gains in digital assets. It's never a straight line up.

Since hitting a low of $52,550 on September 5, bitcoin has been on a non-stop run higher. It's seen an 89% gain in less than two months.

Altcoins Solana, Fantom, and Stellar also climbed 116%, 219%, and 625% before running out of steam.

No asset can run that fast and that high without taking a breather. It's like asking Usain Bolt to set a new world record in the 100-meter dash at the Olympic finals after he just broke the record earlier that same day in qualifiers.

Yes, it's possible. But highly improbable.

Bitcoin is a super asset. But it's not Superman.

I know you, my longtime readers, get this. I've taught you how to forge diamond hands.

But many investors who are new to the game fear the worst. They believe the bull market may be over. These are the itchy hands.

Diamond hands are the HODLers (hold on for dear life). With my help, they've trained themselves to buy the dips and ride the rips.

These are the people who are sitting on 21,718% gains since I recommended bitcoin at $428 in April 2016.

And those who joined me along the way and are now sitting on 10x, 50x, and even 100x gains because they bought bitcoin when I pounded the table to buy every pullback.

Itchy hands are the people who bail at the first sign of volatility. They bought bitcoin at $1,000 and sold at $500 or bought at $40,000 and sold at $20,000.

Despite my repeated pleadings not to sell, they capitulated. And instead of booking life-changing gains, they're sitting on incredible losses.

I'm sure these people feel regret right now as they watch bitcoin poised to eclipse $100,000. And it will eclipse that milestone.

So if you're a new reader who isn't familiar with crypto – or a longtime follower who is getting jittery – I want you to heed what I have to say very closely.

Do not sell your bitcoin.

Because we're about to enter the melt-up phase of this current bull market. And if you want the chance to turn a tiny stake of $1,000 into life-changing gains, there is no other asset class that offers the opportunities you'll find in crypto.

We've Seen This Movie Before

If this is your first bull market, you're probably worried about the recent volatility. But as I'll show you, panic selling now could be a costly mistake.

Take the beginning of the 2020/21 bull market for example…

After breaking all-time highs in December 2020, bitcoin had five pullbacks of 10% or more… Two pullbacks of 20% or more… And one pullback of 30% before blasting to a new high of nearly $65,000 in April.

Each time bitcoin crashed, altcoins crashed even harder. But if you were in the right tokens, they roared back each time and made new highs.

For example, when bitcoin fell 10% on December 21, 2020, and chopped sideways through Christmas Eve of that year…

Altcoins like Uniswap (UNI), Stacks (STX), Aave (AAVE) fell 29%, 30%, and 36% in just a few days during this short pullback.

Had you panic sold during the December 2020 shakeout, you would've missed out on gains of 1,400% on UNI, 1,078% on STX, and 959% on AAVE over the next five months.

Friends, I want you to know I didn't just pull these names out of a hat. This is my actual track record.

But this wasn't my first rodeo.

We saw another major shakeout in the summer of 2021 when BTC crashed 54%.

Once again, altcoins got slaughtered. But just like clockwork, if you held the right tokens, you would've made life-changing gains.

During this pullback, Solana (SOL), Avalanche (AVAX), and Fantom (FTM) saw drops of 65%, 84%, and 84% over the summer of 2021.

But from their lows, they surged 1,260%, 1,522%, and 2,168% over the next five months.

Look, I can go on and on.

We've seen bitcoin drop from as high as $69,000 in the 2021 bull market to a low of $16,000 in the November 2022 bear market… And from $20,000 during the 2017 bull market to a low of $3,150 in the brutal 2018 Crypto Winter.

The media has declared bitcoin dead no fewer than 477 times since 2010.

Each time, bitcoin has powered back to new all-time highs. And the rest of the crypto market has followed suit – with some altcoins outperforming bitcoin by multiples.

Before the end of this cycle, I believe bitcoin will hit $150,000. And over the coming years, it could get as high as $500,000.

I'll show you why in a moment. But if you don't want to get shaken out before we get there, here are a few steps you can take.

Risk Management Is Key

Look, I get it…

Watching an asset you own drop 50% or more in 48 hours is gut-wrenching. But what's worse is selling an asset on a long-term upward trajectory because of short-term volatility.

That's why I encourage you to practice risk management. It's something I had to learn the hard way.

Crypto is incredibly volatile. Drops of 80% are not uncommon.

So, if you're a smaller investor, I recommend $200 to $400 per idea. If you're a bigger investor, we recommend $500 to $1,000 per idea.

The key is to allocate a uniform dollar amount across each of the ideas you get involved with. That's because you don't want to over-own a loser or under-own a winner.

If you're losing sleep over any project going up or down, you've put too much at risk and should reevaluate your position size. And that's the key to investing – and making life-changing gains – in this space.

Using small and rational position sizing will help ensure you're not shaken out from the volatility before the asset goes many multiples higher.

And this asset class is going many multiples higher.

As I wrote last week, President Trump's reelection has been incredibly bullish for the crypto space.

During his campaign, he backed the creation of a strategic bitcoin reserve.

This simply means the federal government will start buying bitcoin and holding it on its balance sheet. And if the United States establishes a strategic bitcoin reserve, it would set off a chain reaction worldwide… forcing other countries to buy bitcoin as well.

I know this sounds off-the-wall crazy.

But Polymarket, one of the largest prediction markets, gives the odds of a Trump administration creating a bitcoin reserve within the first 100 days at 28%. I believe they are higher than that.

Galaxy Digital CEO Mike Novogratz said he believes a strategic bitcoin reserve would send BTC to a half-million dollars. That's over 500% from today's prices.

In my opinion, that makes bitcoin the lowest-risk, highest-reward blue-chip asset on the market today.

If the U.S. starts stockpiling bitcoin, other countries are going to quickly do the same in fear of having to buy at much higher prices. And that will act as rocket fuel for the price of bitcoin.

Countries, hedge funds, pension funds, family offices, and everyone in between is watching this play out… No one will want to miss out on the biggest trade of the decade.

So rest assured, there's still plenty of upside ahead.

But while we could see bitcoin 5x during the next stage of this bull market, other altcoins could go 100x, 200x, even 500x or more…

An Even Bigger Catalyst Is on the Horizon

A week before the presidential election – while most people were saying the election was too close to call – I released a video predicting not only that President Donald Trump would be reelected but that it would trigger a massive crypto boom.

Since his victory, bitcoin has exploded to nearly $100,000…

Friends, the crypto market is already going insane, just like I predicted it would.

But I believe there's an even bigger catalyst on the horizon.

You see, there's an unprecedented meeting scheduled to happen on December 10 at 11:30 a.m. ET.

During this meeting, three of the most powerful institutions on Wall Street could make an unprecedented move that will send shockwaves through the crypto market.

Here's why…

These institutions control almost 90% of ALL the companies in the S&P 500 index, including Microsoft, Apple, Nvidia, and Google.

That's why The Wall Street Journal called them "The Wall Street Kings."

These three players alone control nearly $24 trillion worth of wealth. That's 8x the size of the entire crypto market.

Let me be crystal clear. This meeting is guaranteed to happen. And I believe it's going to turn this already booming market into a melt-up of epic proportions.

Yet, the mainstream media isn't talking about it because they're too distracted with their post-election coverage. So you won't find much about this event from them.

That's why on Wednesday, December 4, at 8 p.m. ET, I'm hosting a special broadcast called the "Last Call." You can click here to reserve your spot for free.

During this briefing, I'll explain how this upcoming event will trigger an explosion in this tiny niche of the crypto market. (They're not meme coins.)

I'll also share details about six altcoins that could see an immediate boost following this event – and give away the name and ticker symbol of one of these niche tokens completely free.

All you have to do is go here to reserve your seat.

Friends, I thought President Trump's victory would be the most bullish catalyst we'd see in crypto this year.

I was wrong.

The meeting on December 10 could be even bigger. The moves higher will be breathtaking. Everyone will be stunned by the speed and the size of the moves.

But we only have one shot here. This meeting is taking place on December 10. And it will only happen one time.

Now is not the time to let fear shake you out of the market. If you haven't already, start forging your diamond hands for the melt-up phase. And then make sure you prepare yourself for it by going here.

Let the Game Come to You!

Big T