Kay Capital|Aug 21, 2026 08:29
My friend asked me what I think about the BTC market. Honestly, it's pure air—something that can't be valued. The price can be any number. When desperation is high and chip concentration increases, anything is possible. When it goes up, suddenly everything becomes good news.
The current macro environment for BTC isn't great, but just like in 2019, it can still pull off a leveraged bull run from $3k to $15k, almost hitting the ICO bubble peak. If you were thinking rationally at the start of 2019, you'd assume the first half of the year would be bearish, and the second half would rally ahead of the halving.
The market's actual moves are often completely opposite to what most people expect. If you're too "smart," you'll end up suffering.
No bull market ever follows the script perfectly. When volatility and trading volume hit rock bottom, historically, that's been a super bullish relative low point (at least before ETFs existed). Even if you're holding onto stop losses, you have to grit your teeth and buy. Those moments were 18/12, 19/12, 20/7, 22/12, and now 23/10.
So even if something like 19/12 happens again and 312 is waiting for you later, you should still chase it. Just go with the flow. Even Saylor, the old man, is almost breaking even. This time is different, bro.
Go with the flow, enjoy the ride—this time is different!
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