The longer and harder the bear market is the more profit taking there is at the beginning of the cycle.
That’s why we’re sluggish around 100k
Discussion
All of these posts will either age really poorly or really well.
I respect that.
Over a long enough time period, all of them will age well anyway. Just like Saylor saying to take out a new mortgage against your house at 64k. So fuck it. $1M this cycle, why not?
I don't have a house, can I mortgage my pillow?
I have to agree with you, the pattern is clear and mimics the general market behaviour
You have to be mentally challenged to think 100k is the top
It’s make sense
keep it that way please.
I think it also has to do with Coinbase fractional reserving bitcoin in a similar to what FTX was doing last cycle before binance blew up that Ponzi scheme.
Despite what we know in hindsight, FTX had legitimate financing partners and had the appearance of having it all together. They looked “legit” much in the same way Coinbase looks “legit” … what was the action that the US government was taking against Coinbase that suddenly went away? Then they got the custody contract for most of the ETF volume.
Thanks for that insight.
I think we’re actually a little frothy. I drew that white line 8 months ago. (Currently above) but I have no idea 😅 except more volatility = 🍿
I'm in no rush. I have everything I need.