The biggest mistake, including among most Bitcoiners, is pricing Bitcoin in dollars or any other fiat currency. This framing quietly accepts the logic of the very system Bitcoin was created to replace.
⚡️💬 NEW - Luke Gromen says that he reduced his Bitcoin portfolio substantially at $95,000 and thinks it’s going a lot lower.
- Risk of quantum computing
- Not making new highs vs gold
- Lots of selling from whales
- Charts broke down 6 weeks ago
- Believes 4 year cycle is playing out
https://blossom.primal.net/433a97c06da285a966ee9f57d5346f198208f814395800c2cc49c26b2d6e779c.mp4
Discussion
Hate to say it outloud, but it’s the fiat mentality “Luke Gorman’s” of the world (and all the other fiat tourists) that needed to get washed out of Bitcoin for it to move substantially higher….