Why did bitcoin not follow the S&P on this latest move?

why did bitcoin not follow the S&P on this latest move?

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Because crypto is dead for the next 2 years

Wow it didn't crash after everyone said it would truly revelatory stuff.

priced out midwits need not reply

thanks for playing cryptotard

I mined bitcoin on a laptop in 2010

You should have kept it, seething nocoiner

>why did bitcoin not follow the S&P on this latest move?
Two words: bear trap

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Seething because I can see this market cycle has ended? Seems like you're the one seething bud. It's over, for now.

Every short opened in the last 10 days is currently underwater, it makes you think why

Still believing in cycles, lol

Cycles still exist, but anyone calling for multi-year will get sidelined so hard.

This

>cycles still exist
>no reason why

Zoom out

The reason why:
>just watch a line

>Not realizing the hype is gone and won't come back any time soon
The state of baggies

Bitcorn is mooning as we funpost

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Nigger, are you seriois with that shit? The only reason everyone assumed there are cycles is because of halvings.

Every model based on them broke in the last months. In addition 90% of all BTC is already mined.

There is no reason to assume that the selling pressure of miners is a determining factor anymore. So no reason to believe in 4 year cycles.

Even if you assume that hype is the determining factor, there is no reason those hype cycles would be 4 years long.

So you are talking out of your ass, as expected

It has always been a combination of both of those things. You can't just expect to see coins going parabolic for more than a couple of years at a time. You need a new wave of bigger fools to come in and pump your worthless tokens. All of those new people have already been dumped on in this cycle and people will forget about crypto more and more until prices bleed out to a new floor and then everyone who bought high this time can finally get a solid entry and bring in the next wave of baggies.

Bitcoin is literally about to mimic this trajectory.

First, we are talking about BTC not random shitcoins. Second, your argument seems to be 'it's all a Ponzi' which is stupid.

Bitcoin is no better than any other shitcoin and yes it really is all one big ponzi.