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yeah, a lot of people have been disappointed

I need to replace my car so i feel that more than anything if we really did top out and after 3 cycles i hear you on the higher net worths

but i really don't think it's over

Zach⚡️ 1mo ago

I hope I'm wrong but I see no positive signs. Fighting about network dynamics, no trust in devs, everyone speculates Bitcoin was mossad now, no corporate adoption, stagnating users.

Perfect cycle top in terms of time, everyone front running a crash, gold up 55% on the year while Bitcoin is negative so sound money narrative is on hold.

The biggest bulls are basically betting on global financial catastrophe or WW3 and they might be right but that's not exactly something to be pumped up about lol

Bleakkkkk

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Discussion

cuban 1mo ago

This is a well summarized bear thesis. I think liquidity will increase (though I'm more in the Lyn camp where I think it's slower).

I think sound money thesis was playing out until the big holders sold and killed momentum. I think that will play out again.

If BTC failed to surge over the next two years (users and price) I think it's in trouble

Zach⚡️ 1mo ago

I've become fairly bearish on humanity itself. Not to be harsh or cynical, but I think 90% of people are perfectly comfortable responding to authority no matter what. And I think culturally and demographically the west is in steep decline.

Bitcoin is an enlightened idea for rich, intelligent, and enlightened people. Most people will never understand it's potential or interact with it at all. And unless you can work your way into the highest levels of power, I don't think you're going to be able to establish a system like Bitcoin and maintain it's integrity from the bottom up.

I hate bear posting but I can't help but have these thoughts recently.

47 1mo ago

🐻

Zach⚡️ 1mo ago

They call you a bear but they never say how you're wrong (I really want to be wrong)

47 1mo ago

not sure who they are, but seems reasonable

Des Imoto マキシ 1mo ago

You can’t make the case for the hardest money in the world when you have idiots messing with the code. You think people don’t realize this? Bitcoin isn’t going anywhere until that gets resolved. To me, why else would OGs sell?