Why does it feel like BTC is Never going under $100K again?
Am I deluded??
Discussion
It always feels that way, until it doesn’t.
Possibly
1 Bitcoin = 1 Bitcoin
Perhaps it is better seeing bitcoin for how much gold/steak, land it can by. The dollar is a horribly imprecise measuring tool. Imagine your pint glass getting taller or shorter depending on how close you are to the faucet in the house... That's the dollar.
Bitcoin is a steal no matter what price right now, because almost guaranteed in 4 years it will buy you more steak than it does today.
Bitcoin is probably one of the most stable assets in the world. Its the dollar that's volatile.
I was 55 when I did the carnivore diet! Dropped 35 lbs and all my numbers were like I was in high school! Felt great, unlike in a long time! Problem was I lost most all my muscle and now at 65 I still can continue to workout I’m not gaining but continuing to lose muscle mass. What do I need to do?
It's easy to get caught up in the enthusiasm. Always expect maximum pain before the dawn of a new ATH in fiat terms.
Bitcoin, like everything else, will go to the moon in dollar terms.
But if you measure against a shrinking yardstick you can't rely on that measurement.
How many ounces of gold does your Bitcoin buy?
We don't talk about this. :-)
I think we're in weird uncharted territory here.
Many who have traded Bitcoin based on the calendar (days after halving) are now bearish.
I think we're not getting a bear market like we got in previous cycles. This is the SupErCycLe.
Consolidation after each step up with a strong floor is what I see. It's dangerous to think Bitcoin won't go below a certain price though. It trades 24/7 & humans are irrational at times. Accumulation games are in play.
Always avoid becoming a forced seller.
We’ll find out next year.
If we went to 250k and then had a mere 70% drop (so far every cycle had 80+% drops), we'd end up at 75k.
The answer is yes.