
← The Flying Frisby - money, markets and more10 sept · 5 min
How to Play the Next Bitcoin Cycle
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Bitcoin is both volatile and cyclical.
You get periods of extraordinary gains. But then you get periods of extraordinary losses. But …
If you can buy during low points in the cycle, that volatility can work in your favour.
And the house view is that we are within a month or two of the low point right here and now.
It might be that the very low was on July 1st at $58,000. It might be that we need to give that price one more retest this autumn. Either way you want to be sure that by November-December, if you haven’t already, you have your long position in place, ready for the next run.
There is nothing worse than watching others enjoy a bitcoin bull market while you’re on the sidelines.
I have made many mistakes over the years, but I do get some things right, and last time around, in August 23, I wrote up Microstrategy, now Strategy (NDX.MSTR) close to the lows, and some readers made twenty times their money. It made me very popular.
I am planning a similar coup this time.
Today, I want to explain the bitcoin cycle, where I think we are in it and how I would get exposure.
If you are one of those people who didn’t buy Bitcoin at $500 or $1,000 and have spent the years since telling people how you could have bought it, but missed out, now is your chance to move on from that story.
And if you are one of those people who says, “I don’t understand it,” and uses that as a reason not to invest, I’m going to address that too.