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RE: Listen to the Market's Whispers (October/November Support)
That's the timeline for the 4 year cycle based on Bitcoin halvings.
You're greatly underestimating how bullish the fucked world economy is for Bitcoin.
The world is on fire and Bitcoin is the only scalable shelter.
Sure, precious metals are nice, but they don't scale like open borderless networks do.
I dont see the world economy as being fucked though. We might see a crisis but that will pass.
Even if it's just a crisis that's temporarily hugely bullish for Bitcoin.
Bitcoin exists for the crisis.
I would argue that the crisis will become systemic failure because Bitcoin won't allow central banks to stop the bleeding of the broken economy. There is now an option that everyone can retreat to.
This "crisis" could easily be worse than the Great Depression. In the past central banks could quarantine the economy. Borderless Bitcoin will not allow that.
I can see that you're currently stuck in perma-bear mode from getting burned hard. It's clouding your judgement. It's a nice defense against the loss you've experienced, but it won't serve you well during the bull market.
I dont really have any kind of strategy related to the bear or the bull market.
I dont speculate. I wait.
Accumulation during bear and selling 50% at steem 5 usd and 10 usd. 25% at each price point.
Its hard to expect new money coming in so soon after the massive bubble we had.
These mild fluctuations and money consolidating in bitcoin doesnt mean anything. The best you can do is maybe guess the movement inside crypto sphere but thats it. People are greedy but theyre also very cautious. When they see 98% loss of valur in the alt market people are become extremely cautious.
The structure of the alt market can be compared to a circus. A reality show.
Look at the MCs of some tokens. Trx, btcg, dogecoin, etc...
Investors seeing those things will rakn skeptical of crypto.
No... Time needs to pass and crypto needs a cleansing. Not until that happens will we see any major adoption.
Hm yeah we'll see what happens when the FED starts dumping stocks, bonds, real estate, and lowering interest rates under 0%.
I'm sure we'll talk more about this come the end of the month.