The nightmare is here. Bitcoin will churn sideways. Bitcoin will churn sideways for so long that people will begin to wonder why they’re still holding it. The “logarithmic”, stock2flow, and other pricing models will break as a result of the sideways movement. People will start questioning the fundamentals, they’ll begin to realize Bitcoin had no fundamentals, that’s it’s only valuable to hold insofar as it only ever goes up. They’ll leave and look for returns elsewhere.
This is when the downward spiral starts. Selling begets selling, the perception of Bitcoin in the minds of traders will totally change, it’s not a sure shot to go up, it’s not a sure shot to do anything anymore. People leave having wasted years holding an asset that trades sideways. Bitcoin plummets.
You’ve been warned. This wasn’t the top of “this cycle”, this was “the top”, this was the end of crypto’s ten year run up and now we will have negative returns. February 2021 buyers are in the red STILL.
pretty sure the world just donated a bunch of money to ukraine against the wishes of anyone else bitcoin proved exactly what it can do over this last week and you're a fucking moron if you don't get it yet
William King
>this was “the top” I agree with you But as this boom bust cycle reliant on one singular shitcoin comes to an end, so does an emerging market begin.
Oliver Clark
What's funny is you're right, and what's even funnier, is that it's unironically going to be link that people turn to in the end CAUSE IT ACTUALLY DOES SOMETHING
nobody cares that you were too dumb to invest in bitcoin for 13 years, the time for life changing wealth is long gone for you.
Kayden Rogers
OP I came to the same conclusion after HODLing since 2015. Nowadays I swing trade bitcoin, no point holding onto it anymore like I use to.
You can forever make money swing trading it, doesn’t matter if it crabs for eternity. But the holding waiting for more gains with no work is over. 1 trillion market cap… its just too much money needed to move it parabolically now
Blake Thomas
This guy is a Twitter faggot that discovered Bitcoin in 2021, FYI, it’s why he’s so mad. It’s also why he tries to appear aloof and not use any capital letters, it’s a Twitter faggot thing that his clique of faggots use.
Anyway, it clearly wasn’t against the wishes of “anyone else”, most western countries permitted it. The west doesn’t want you donating to the Russian government with cryptocurrencies and all the exchanges are complying with it.
Ryan Kelly
bitcoin's price being stable is an incentive to buy it.
imagine if bitcoin stayed 42k for a year - then finally stock boomers who have a heart attack over a 2% swing will want it in their port
Anthony Torres
ask yourself why this post was made. What was the logic behind going to all this effort? Do warn you? To help you? He didn't buy, even after 13 years, and is so close to suiciding he made this post.
Lincoln Martin
Here’s another one. Angry, pretending to be aloof (“nobody cares”), and no capital letters anywhere in his post.
Hunter Brooks
thats alright, money in btc will move out the crypto risk curve and alt coins will dominate and some will create real value
Low effort fud. 99% of the planet doesn't recognise the importance of BTC, but they will do eventually. Canada & Ukraine accelerate that. Acquiring more bitcoin has been the most performant investment strategy in the last decade and it will cross 6 figs in the years to come. You either understand why that is inevitable, or you need to read more books.
Brody Young
The events that are unfolding makes me want to hold crypto, the dollar can no longer function as the world reserve currency, as the purpose of having a reserve is for the central banks to stabilize their own currency in case of troubles and provide liquidity to the market. A new reality have occurred, that this depends on the countries which are issuing the currencies which constitute the reserves are willing to let you use the reserves. This defeats the purpose of having a reserve currency, unless you count of always be political aligned with the countries whose currency you are using as part of your reserve.
the euro-dollar as a medium of exchange has also come into jeopardy, because it again relies on the US' willingness to let you use it. The dollar has become a weapon which the US is actively using, there is not gonna be any fiat replacement because the same problem will emerge, that your country is defacto a vassal state of the country whose currency you are using.
I could go on about the stock market, bond market and Swift.. but the main take away is that all centralized system is a liability unless your country is in direct control of these systems.
Decentralization seems to simplest solution, not because of some high minded libertarian ideals, but for pragmatic purposes. Not gonna trade bitcoin or any other crypto asset, gonna buy until things change..
The problem with BTC is it has minimum utility. Other cryptos perform the function of exchanging value substantially better.
Adrian Perez
bleeds sats
Easton Campbell
legit
Adrian Morales
only idiots donate to charity, and it was probably a scam. if you had family there, there are 20 easier methods to send them money instead of btc and you can't even spend btc easily or convert it to cash without extended waiting periods and extensive kyc
