Supercycle 👀
Discussion
It would be funny if the game happened at ATHs or better yet in shitcoins. At the bottom, you know that the game scares and hurts the most vulnerable fresh retail traders who do not quite know yet what they are doing, just think they do not have enough bitcoin. So the game is quite mean. It is like "ha ha ha we fcked the first graders". Except you are playing not in a simulation, but on true lifes, true beliefs, on people who maybe left their successful lifes in the fake matrix to pursue the hope of bitcoin after being rejected by all their close ones.
I hope you understand that by the game I mean shorting big in a bad situation and publishing it to scare and fool all the small fish.
Would you want weak hands to hodl bitcoin?
They are not weak. Inexperienced, but unafraid to try new complicated things to multiply what they already have in bitcoin.
And inexperienced they are for a good reason. This so called trading of whatever, stocks etc is a mean dishonest activity that has been indirectly robbing honest virtuous people (those not participating in it) for more than a century. Being inexperienced in it means before you have been honestly working on real stuff. That is good. Not yet having enough bitcoin and no other quick ways to get enough, is also good. Means you were not part of the thuggery corporation in any other way.
Giving access to people like that and then punishing them for participation is nothing other than outright robbing them.
Punish those that believe in ghosts like shitcoins, if you want.
Any games on bitcoin are not funny to me.
On an asset that you know goes up, any intentional attempt to temporarily push the price down for own benefit, is always a scam in my value system. Always.
And I am not even in any single god religion.
Hearing 83k is the bottom is very pleasant to me at this stage. 58k is the floor tho. 🤭
If you are right, then supercycle is very very far away still. But if you are right about this, then where will the open interest be at those prices? It is already below the summer highs.
Looks like a bottom to me. I bet on 21k before the ETFs for a bottom. What was your target?
Just want to compare our biases.
I do not do TA. Also bitcoin being 58k forever has little to do with the price, it's a meme. Early January I dared people to take my even odds proposition: bitcoin to dip 40% at any point this cycle measured from ATH. People claimed bitcoin won't dip this hard since the smart money are in. Unfortunately, nobody took my bet, which is asafd thing for trash talk, bitcoin education and probably democracy. 🤭
^which is a sad thing 🐸
40% makes sense to me. I just think it should price in the SBR first. We priced in the Trump team, got impacted by tarrifs and stocks and scared that SBR was far away. Now we have to price it in, and then get scared that the actual buying will not start soon enough. My thoughts are based on nothing. Not an advice.
I'm not taking financial advice from anyone these days. 😅
In the beginning I followed a bunch of shitcoiners talking about bitcoin and shitcoins. They appeared smart to me because I was clueless. They called them altcoins so it took me a few months to understand why everything which is not bitcoin in your self custody is a shitcoin.