Price matters. It does.
Discussion
Not on daily timeframes. Over the course of years, that’s correct.
I used to do a lot of price watching - it’s an easy way to get burned out. It’s especially pointless because the nature of the Bitcoin market allows for price to bleed down for months before a single daily candle takes it back to highs. There’s little to gain by focusing on it.
I don’t trade. I buy BTC, HODL.
Understanding & focusing on price, not minute by minute but in the Macro, is a great learning tool.
Hashrate/price
ETF whale buying
Adoption, news cycles
Etc etc.
Daily no, but I think it would be poetic (and just) for bitcoin to reach an ATH ahead of the halving to represent the resilience of the bitcoin protocol to the coordinated manipulation of bitcoin’s price by FTX, BlockFi, Celsius, etc.
Whoever the “bad actors” were behind the scenes, I want bitcoin to make them irrelevant. As someone who has very limited dry powder left and has stacked as hard as I possibly could throughout this bear, I’m ready for NGU to humble those who think they can control bitcoin.
Bring the pain. NGU. Soon.
