To the Moon
On lunar cycles in the crypto markets
There’s this phrase within the crypto space that relates to price and adoption going parabolic. We call it “going to the Moon.” The idea is to diamond hand it, hodl, ignoring all the FUD and FOMO, and pray hard to the bull gods that such a movement will occur. The problem is, most cryptocurrencies are already “on the moon.” All one has to do is zoom out a teensy bit to see, that nearly the entire space is up and to the right. Bitcoin is up over 74,000 % in the last 8 years; Ethereum is up over a million percent since its inception. People just getting involved in crypto forget this. And so, it’s not as much about going to the Moon, but being ruled by the Moon, which is something that can clearly be seen when looking deeper.
Over the past year, in between 60–80% of the cases, New Moons relate to the tops in price action and Full Moons to bottoms. In other words, as the Moon grows, so do the emotions in the market-triggering fear induced selling as a result; And as the Moon wanes, people get back to their center with their heads straight, and price begins to go back up until the next New Moon, when the cycle repeats itself again. Now, studying markets, just like studying astrology charts have everything to do with probabilities and statistics. It’s not always the case-especially with eclipses.
I have always said that eclipses change our stories. It’s a remarkable phenomenon. That space between eclipses which happens every six months has a stunning hit rate on flipping the script and launching us onto a new path. Facing dragons will do this. The crypto market is no exception to this rule. Leading into the Solar Eclipse last week (Dec 3/4th) the sentiment was that we were well on our way “to the moon,” which for many was $100k per Bitcoin. After the eclipse, most were convinced it was over, and the bears had mauled the bulls, and we are now in for maximum pain. The story completely changed with the market sell-offs due to the new variant and other macro concerns. And it wasn’t just crypto, all markets were affected by this eclipse. But we must remember: We are already on the Moon.
Studying crypto markets has taught me more than I could have ever imagined about human psychology and how fear and greed are truly the prime movers in our lives. It’s somewhat sickening. Yes, we are all food for the Moon, but it is our mission in life to learn how to ebb and flow with the tides, never losing focus on our convictions. If you believe Bitcoin is our only hope, then why are you worried when the price dumps 20%. If you are a believer in what blockchain technology means for the future of our species, why would you ever panic sell when the rest of the market is doing the same. To become good at this, we must study the movements of the Moon closely and never stop learning about the implications of this profound technology.
Last May/June of 2021 during the eclipses/dragon hole, the same exact story played out. Going into the eclipses, everyone was in their moon boots; after the eclipses, everyone wanted to destroy Elon Musk for trolling the crypto space, and making them temporarily poorer on paper. The story changed briefly, then, just six short months later, we were back “on the Moon.” Don’t be fickle like the rest. Remember: We are already on the Moon, and we are ruled by it. Don’t be affected like everyone else. Plan around it. And if by chance you made it this far reading without having any idea what I’m talking about, revisit this piece once you do get orange pilled, because you will, eventually. We all will be at some point in the near future. Why? Because it is our future. How do I know? Well, the Moon told me so….
Ten thousand bows to Satoshi for getting us this far. May it continue to be our hope for brighter days. If we heal the money, we heal the world.
ps. If you need some more moon juice, Michael Saylor, Raoul Paul, and Peter McCormick’s latest podcast with Brandon Quittem should fill you up nicely
Eudaimonia,
Adam
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