I'm just going to say it.
I think Luke Gromen sold the bottom.
I'd be happy to be wrong about that, but it is what it is.
Discussion
I agree, was thinking about that today listening to the latest video of him yabbering away.
It would be funny to discover that I was able to see that clearly while most of what I do is vibe, shit post, and philosophize while he's dedicated his whole career to predicting these things.
Time will tell.
I agree, I don't think he understands what bitcoin is as he still stuck in the asset-fiat paradigm of buying low and selling high.
Many such cases. Volatility exposes that mentality quickly
He got scared by, wait for it, quantum computing.
😂
I haven't sold a single sat over this and am still accumulating, but I do think about it:
Not even a mild concern IMO
I think most of the besides is coming from the 3 green 1 red pattern. I wasn't aware QC concerns had resurfaced (no Twitter for me).
I will start to be impressed when the industry has demonstrated a QC that can break even an arbitrary 8-bit private key (which a conventional PC can already trivially brute force).
Until then, I won't be convinced that the so-called 'qubits' they have developed so far even qualify as an actual base qubit necessary to be scaled to become a threat; and, as such, the question of how long it will take to scale an actual qubit - that doesn't yet appear to have been developed - to be a threat is premature.
Someone said it was Bitcoin TINA vibes from 2022.
Can't say I disagree.
I must have missed that one, but there was a guy in 2017 called Wolf of crypto who tweeted EXIT ALL CRYPTO MARKETS during a dip one time and he got clowned on for the rest of the bullrun.
Yeah, he might like Bitcoin, but he's a trader first. Traders gonna trade. He's more about trying to read the market at any particular moment than actually understanding what he's trading on.
He knows he doesn't understand the quantum fud, for example. All he caress about is if he thinks the quantum fud will spook other traders in the short term... and he thinks his charts are telling him it is.