*checks price*
Not today. nostr:note1h48dhrkrkz00zygvgua0dk2sz78jdndssh8e2m0q9lqv5lh2qdlqhd44rh
Discussion
Could be a while. I'm not a believer that a bull run is imminent. Could be another year or so. But who knows, it could be next month.
I seriously hope you’re incorrect. I have plans that require a meaningful appreciation of my stack to begin implementing.
Also - to belabor a conversation about price action a little while longer - isn’t 6 months of sideways down crab a pretty dramatic / unprecedented period of relatively low (and generally negative) sentiment?
The dramatic price action when FTX, et al blew up was more liquidity issues coinciding with sudden demand destruction … but that’s not what we have now.
ETFs have increased demand and accessibility, halving was 5 months ago in April, really there has been no negative news for bitcoin the protocol in several months, loosening monetary policy in the United States…a supply shock should be coming soon - no?
And while there have been some investors using Bitcoin to achieve short-term liquidity to manage these recent macro events (Japan carry trade) they can’t have too many bitcoins there for that strategy, can they? If there are major macro events and the money printer kicks off, won’t bitcoin the asset act like a safe haven as it did during the bank run in early 2023?
I guess I am curious why you think the bull is a ways off.
My concern is that apathetic sentiment(because the bull run hasn't started) could lead to more pessimistic outlooks. I'm here bull run or not. If we are at 70-80k in a year that would be fine with me.
I just think being too confident in the bull run could also cause a greater crash if it doesn't materialize. But then again maybe the confidence in it helps it materialize. Who knows.
It will be very satisfying if we do have a bull run that's for sure