NOPE, WRONG, UP ONLY, BYE 🐸

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If I'm wrong only because it just keeps going up, then it only means I'm right faster. 🤣

Nation state buying changes the game and might add a zero this cycle. The United States alone is proposing to buy more than all new bitcoin mining block subsidies for the next 4 years.

I don't eliminate that as a possibility at all. It'll travel the path of greatest pain. Therefore if most people think it'll stop around $200K and pile on the shorts around there, it'll probably rocket up to $500K, THEN they'll be convinced it'll run out of steam, and it'll rocket up to a Mil, and then they'll be so scared of it they won't know what to do, and they'll just dump the crumbs they have left over into it, and it'll finally crash all the way back down to $250K, before - in utter despair - they sell everything... and it starts a strong climb again. 🤣

Bitcoin is awesome but “It'll travel the path of greatest pain.”

I think I’m gonna use this with the normies….

😂 Definitely do. I think it helps to frame it like that

https://fountain.fm/episode/I4EHs1KIA15nYA1RDhEp

Higher highs and higher lows.

If I'm wrong only because it just keeps going up, then it only means I'm right faster. 🤣

I think you're wrong on the timing & the prices. The general theme is accurate I just think it will more closely resembles epoch 2 or 3's price discovery. I also think the draw downs will be less severe/persistent during periods of consolidation.

I suspect there are many with a desire & means to accumulate a sizeable amount of Bitcoin. I think this cohort is increasing in number.

They're price sensitive & have longer time horizons than most consumer trader cohorts.

My beliefs just confirm that I shouldn't be trading this stuff while attempting to increase my stack. I will probably still conservatively hedge against huge drawdowns, since I have little fiat income now.

I actually agree with you and my post was a lot less to do with the prices specifically, and more to do with how we will get there and what the people who suffer from BDS will say and how they'll act.