Watch: CryptoBirb on Trends in Crypto Trading, His Exit Strategy, Bear Market, and More
Popular crypto trader, certified technical analyst and founder of trading group The Birb Nest, CryptoBirb (Adrian Zduńczyk), expects the crypto bull market to continue for another 2-3 months and is already executing his exit strategy.
“I have a couple of small, low-leverage positions as well in the futures market, so I trade derivatives, I trade crypto of course, like far on the spot basis but I also have my attention outside crypto which is definitely silver, gold, real estate, and I’m definitely scaling out slowly of crypto in order to put in into more, way more undervalued assets,” he told Cryptonews.com at the Blockchain Economy Expo 2021 conference in Dubai last week.
When asked about the upcoming next 2 to 3 years in terms of trading, CryptoBirb said that he believes it is going to be a “rocky road” ahead due to a forthcoming bear market.
“Bitcoin is very much and very fast nearing its peak, I can see a lot of early symptoms,” he said. In his view, the market is not going to “crash tomorrow” but he’d like to remind new traders that it might be a good time to plan and even start executing an exit strategy.
Speaking of bitcoin price prediction, CryptoBirb expects the price to be between USD 60,000 and USD 80,000 by January, and somewhere around USD 20,000 - 30,000 on January 1, 2023. As such, he advised all the new crypto traders to be armed with patience, honesty and desire for learning in the want to make money in the space.
“Patience. Pro-activity and learning, and at the same time I believe that honesty, honesty to themselves to admit their own mistakes, to skip the denial whenever they lose,” he replied when asked about the key bits of trading advice for newcomers.
Watch the full interview with CryptoBirb and learn about the trends in crypto trading, his exit strategy, newbie traders, metaverse, and more.
The transcript of the interview:
What trends do you see in the crypto trading landscape and how are they changing, and what is that landscape gonna look like in the next 2 to 3 years?
Next 2-3 years I personally believe, are going to be definitely quite a rocky road with the bear market ahead. So until like probably 2-3 years from now, we are going to be already, we’ve already been through the bear market, and probably starting off a new bull market cycle. I’m here just about to hop on the stage to actually warn everybody because I do believe that bitcoin is very much and very fast nearing its peak. I can see a lot of early symptoms, it’s not there yet that, let’s say, it needs to crash tomorrow but I’m planning my exit strategy and I’m slowly executing it. There are not like the reversal signals just yet but I think it’s very near like, in time, two-three months at best, maybe. I hope to be wrong, I really hope to be wrong but other than this, you know, the bear market to follow, the new bull market cycle would start so yeah it’s promising for the next year for sure.
What is your exit strategy look like?
So trading strategy, you know, I’m a position trader, right, so I hold positions that usually take a couple of months. I do not day trade per se unless there is like a specific time that I simple have the time to do it. On top of that, I have well pretty good environment to do it because there’s of course a lot of stress like running the businesses, of course, is very demanding time, time-consuming so I always have to be very mindful about what I do with my time which is why I would never allow myself to, for example, be a day trader and go degen(erate) on leverage or something like that. So I have a couple of small, low-leverage positions as well in the futures market, so I trade derivatives, I trade crypto of course, like far on the spot basis but I also have my attention outside crypto which is definitely silver, gold, real estate, and I’m definitely scaling out slowly of crypto in order to put in into more, way more undervalued assets. That’s, for example, what silver has become today.
Crypto aside, or just crypto in general, what services do people want to learn from the most?
I believe there’s huge demand, I mean, there’s huge demand when the money has been growing. At the same time, like, as long as the market goes up, right. I mean, we as the business structurally very very well we grow about 100%, you know, for the growth rate, each and every single year on average - this is like some, almost I should say, on the healthy amount of growth per year for a startup but we’re growing very very fast. All the social media accounts are printing insane numbers - it’s pretty exciting, but it also shows the demand from the people which means that if the demand is there, you know, the services of course, that they are picking, have higher chances to be consumed in a way. The demand is rushing along with the people with the hitting the mainstream, the more work my team has to do. So, there’s of course, B2C - which is of course business to clients, we offer the subscription-based products to the people to services where they can learn and discover the private chapters, the private corners of The Birb Nest, of the community, which of course is not going anywhere public. This is what we’ve been doing since 2017 - we’ve been doing that through the bull markets, bear markets, we’ve been through ups and downs, through the crashes, through the biggest pumps, and nothing can change that - we’re just growing and that’s the best part. On the other side we also have the B2B services - so the businesses, the partners that we have also are very attracted as long as the demand goes up for the B2C so there’s a very direct correlation, directional correlation between the B2C sector and the B2B sector.
What opportunities do you see in the metaverse?
It’s huge. It’s probably way bigger than I can expect right now. I do believe, you know, just with the latest Facebook announcement, I do believe it’s growing big, it’s growing way bigger than anybody expects and this is getting probably closer to where the Matrix movies have been warning us about. So the metaverse - we’re growing digitally, we’re growing digital.
Bitcoin price prediction for January 1, 2022, and January 1, 2023?
Wow. In my opinion, it is going to be, like, around USD 60k, 70k, maybe 80k dollars for January 2022, and 2023 I would expect it to be like USD 30-20k - it’s going to be freshly after the bear market. That’s my point and I hope to be right.
Any advice for crypto traders? What are the three biggest bits of advice you give to newbies just getting into the space?
Patience. Pro-activity and learning, and at the same time I believe that honesty, honesty to themselves to admit their own mistakes, to skip the denial whenever they lose.
The hottest trend of 2022 in the crypto market?
I think it might have to do with the metaverse.
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