I know a lot of people believe cycle theory is dead, and either the top is already in, or there won’t be another mania phase ahead.
IMHO, both are just forms of “This time is different” mentality, and whenever I see a consensus forming from both ends, it leads me to think that the most familiar pattern will repeat again, just to prove the most people wrong.
The Greatest free marketing event for #Bitcoin is the Bull Cycle
It's a tradition, and the Bitcoin Industry will keep the cycle going
it might not be as intense as before, but the Running of the Bulls is a Bitcoin tradition
Treasury companies are the new FTX
I was just thinking the same thing.
But with them being spread. They can't and wont all capitulate. Giving credence to a diminishing fall in price
"Did the Fed just confirm $758,010.97 Bitcoin?!"
The only correct answer is to not predict and just stay humble.
One can hope, but do not borrow on your hopes by spending money or credit prematurely based on a hope.
Just a result of people have short time horizons. At the end of the day math wins. Numerator over denominator - don’t overthink. It’s that simple
I don't know which cycle theory you're referring to but ABCT (Austrian Business Cycle Theory) has, to my knowledge, yet to fail to predict and explain macro-economic observations.
what is the most familiar pattern 🤔 And is it in the room with us right now 🤣
I'm going with hybrid cycle theory 🤷
"History doesn't repeat, but it sure rhymes! 📈 When everyone's convinced 'this time is different,' that's usually when the old playbook comes roaring back. Speaking of cycles, these undervalued new boats for sale at https://www.yachttrading.com/new-yachts-for-sale/ are looking like the altcoins of 2020 - quiet now, but...
My theory: micro strategy or "strategy" or whatever this debt loaded highly leveraged company is called will go bust and this will create a huge opportunity for plebs to buy cheap SATs. Cheers guys!
We're "overdue" for the next mania phase. But the longer it takes to arrive the higher the peak will be.
Though if the next mania market never arrives, there also won't be another bear market after so it'll help the network gain more trust. Either way we're on track to be around $250k in 16 months.
$420,069 by Halloween. Don’t ask me how I know this. 😏
