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Replying to Avatar Cyph3rp9nk

Technical indicators and all that bullshit from traders is useless, what is useful is to understand Bitcoin and Bitcoin is a proxy for global liquidity, it was designed for it, it is a punishment to money printing.

The formula is summarized in:

- Increased liquidity = Increased Bitcoin price.

- Decrease in liquidity = Decrease in Bitcoin price.

There is another very important variable which is adoption, but in the short medium term the most important thing for price variations is liquidity.

I am sorry to tell you that there is no more.

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BilboBigBagz 1y ago

Yet will bitcoin have a value proposition besides number go up unless we fix the mining pool centralization ?

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