Probably a bottom signal but Bitcoin sucks and Starting to think the monero bros and nocoiners are right.
Are we all just wasting our time here…
I adopted bitcoin because I thought it was a better money
A good money does not lose 30% of its purchasing power against an inflating paper currency for no reason at all
Errr that’s what happens when people trade/rotate out etc…
Pretty normal stuff imho
I’m not saying this to be a dick but we are far from the bottom. Bitcoin has historically lost 70-80% of its value every 4 years so this should come as no surprise to anyone who’s been around for more than 1 cycle.
I’ve been around for three of these cycles and frankly I’m tired of it.
ICO mania, FTX/celsius/blockfi and now Wall Street paper bitcoin shenanigans?
Especially considering that we didn’t even get a real bull run this time around. Your out here calling for an 80% drawdown like this is a typical cycle when we never actually got a parabolic run
It’s all so tiresome and I will continue to bitch until the degenerate traders get blown the fuck up
80% drawdown is highly unlikely I agree 50-70% seems reasonable though.
Good self-reflection. That's how you don't become the markets emotional bitch.
Someone always wants to play on your emotions to make you sell or buy when you shouldn't.
I would not recommend Bitcoiners to buy Monero here. After such an exaggerated move we would normally need at least a couple of months of consolidation to rectify more investment betting on continuation. More healthy would be a small set back.
The thing is that we can not only compare BTC vs Monero. Monero is also flirting with breaking its 8 year bull flag vs USD. All that in a bear episode which signals a lot of strength.
See. If you would have listened to us a year ago, you would now comfortably sit on the 10% BTC (turned into Monero) now representing 40% of your stack.
We really learned a few things during the 15 years in this market. Mainly that exposure to only one side if you can not stomach the emotions can make you an erratic money and self-confidence losing trader when all you wanted is safety for your fam.
You have a responsibility in separating the noise from the signal. It's the most important thing in all markets.
at which price would you recommend bitcoiners shuffle to monero?
Totally depends if you are starting from zero exposure or if you already hold a core position next to BTC.
I am bad at giving advice at critical inflection points.
The last 1.5 years (with the exception of the last 2 months) it was a steel buy, but I very well know by now that most people will simply mute peak opportunity voices and ask later when the situation gets much more difficult for recommendations.
im normaly a fan of buying by conviction, e.g. for the long term but also: why waste a good oportunity to make some extra? yeah because you never know what the markets will do…
i see monero long term rising and bitcoin shaken and captured. but right now it feels hasty to convert.
Using the control system to measure the free system empowers the control system.
after all that and you're just "maybe they were right?"
😂
Just like to vent sometimes…still do not actually believe in monero as a savings asset and it is the solve for the world’s fiat money problem.
Bitcoin is the only viable option to fix our money problem and monero will always remain a gray/black market currency
I am not going anywhere and I will continue to fight the good fight
just giving you a hard time
