every other asset has been generally up over the past couple of months while btc has slowly dropped
imo this is due to the whales that sold 1-2% of the total supply in August and September
those sales ate the demand that was out in the market and killed momentum
I'm fine with it. Zoom out. Gold is up. Hard assets are up. I hope it bores the retards to a mil. I'll buy all the way up before they wake up and START buying from 1 pushing it to 10 Mil.
no complaining, just observing
btc hasn't made a new ath against gold for about 5 years, hopeful this year breaks that trend, imo it would be a bad signal to the market if it can't
I'm not a trader and I'm not selling. I've accepted my fate of dying as poor as I am today so that my bloodline may thrive. I say "Fuck the market" let it be fooled for as long as it wants because the hardest asset WILL win.
Understand, imo for Bitcoin to "win" and fix incentives like you're alluding to it needs a lot more scale, which means nGu. I think it will happen but I don't think if we die as poor as we are today 40 years from now that Bitcoin is winning if that makes sense
I will be bitcoin rich and fiat poor. I wont cash out and buy a lambo. "Crashing" to 110k still looks great too me on a zoomed out chart. Uptober isn't even here yet. I am certain you'll still get plenty of NGU
I understand, again not complaining. BTC doubled over the past year. I’ve had plenty of nGu but I like looking at things as they are and if you told my 2020 self that btc would lose to Gold in the next 5 years I would have laughed.
It tells me about the world, about the market
