Savvy Cash Out Cryptocurrency

Bitcoin traders like any financial market daily trader assess risk, and wait for the right moment to sell. As the saying goes, buy low sell high which ultimately means unsavvy investors can lose big. Of course, there are those in for the long term not being persuaded by rash market moves. In July 2025 Bitcoin peaked 122k.

I had an English student who worked the technicalities behind websites to provide the mechanism for ongoing success. He even built and developed a trading platform for wannabee crypto-maniacs.  He was adamant that cryptocurrency was the future and was heavily invested. So much so that eventually he abandoned his daily job to devote more time to running his crypto business.

Trump was coming up for election near the end of 2024 when he moved his tone from no interest in cryptocurrency to wanting to buy hamburgers with cryptocurrency and making the USA the crypto capital of the world. Hardcore speculation behind it led by crypto traders meant others joined in the quest, or in other words go on a ‘treasure hunt’. The value increased and more and more believers threw money in based on hearsay.

Once he was elected, he wasted no time in supporting his family by endorsing three of his own cryptocurrencies and an Abu Dhabi state-backed investment firm invested $2 billion. Talk about Muppet syndrome. The market augmented and big investment firms put in millions. Well as you can see in the first picture, the market was already plummeting in November this year. Then it dropped further still to 84k. It has risen again marginally, but come on guys and girls; it is still overpriced.

More and more speculation to what could be construed as pure flamboyancy. In other words, speculative appeal and hope that dreams become reality. Certainly, the theory behind a bold move like cryptocurrency as the ultimate financial system is enticing. The problem stems from widespread individuality which isn’t going away. In fact, in this day and age we are seeing more varied retaliation to what one might see as black and white.

Take care!

Prof. Carl Boniface

Vocabulary builder:

Rash (adj) = sudden, hasty, careless, foolish, impulsive

Quest (n) = mission, pursuit, search, hunt, seek

Hearsay (n) = rumor, gossip, tittle-tattle, idle talk, unfounded information

Flamboyancy means being very confident, showy, and noticeable, often through flamboyant behavior, bright colors, or extravagant style that attracts attention, suggesting confidence, flair, and a love for the dramatic, seen in fashion, performance, or even writing. It implies boldness, exuberance, and a distinct individuality, though it can sometimes be seen as excessive.