Subnostr

My thesis that we were going to spend a long time in the 20-30 zone once we broke 30k in May 2020 is simply based on price discovery.

The 20k-30k zone had hardly any trading volume.

Now from 18k to 24k we already have a good volume base and in my opinion the zone we are in from 25k to 30k has yet to fill in a bit more.

We will continue at these prices until halving and even after halving for a while, with the exception of if they approve the Bitcoin ETF.

I also don't rule out a retest of the 20k.

The bottom line is to be patient, we are in a great time to accumulate, in a few years this time will be rewarding.

Post: it is important to see this data in the spot market and in an exchange with reliable volume as Bitfinex. It is proven that in Bitfinex the big market makers operate and many price movements are initiated there, unlike Binance where the volume is falsified.

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Discussion

Theory of Everything 2y ago

The base cost for miners is 8 cents per kWh, Which makes a floor of 24,000 where miners will lose profitability and be forced to capitulate. I think November with the next fed hike and then the halving will suppress price action and miners will start selling coins onto exchanges. Maybe breaking through 30,000 in April to may?

78e47dfe... 2y ago

Can't shake some of the bearishness tbh.

Seeing an appearant equities retest fail and dxy starting to gain traction, I wonder if the markets have enough cash left to drive it up by stacking dead bears.

A lot of people seem to have turned bullish, cash dried up and reality (with pay downgrades and emoyee cuts) setting in.

If its not a hard crash, certainly a prolonged winter. (which means, I agree with you this dragging on for more months)

Theory of Everything 2y ago

https://youtu.be/b46FUdZrsEA?si=y6WVNHdy8cX_N_65 I like the numbers in this look at etf impact on bitcoin price. I think the timeline will be a first new all time high in 2025, And after a bottom at 70k and a following new all time high around 250k in 2029-30. This guy goes over the numbers of total assets under management, Considering a .5 percent allocation. Thoughts?