haha, never say never mate.
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Of course, always expect retests, Markets always retest, as traders take profits, retail gets scared, bad traders get liquidated and market makers play. That's why you don't trade, just know where the strong supports are.
ETFs are good and certainly a main driver on the bull case narrative yet personally i believe the traditional markets and housing are set for another push higher and euphoric times again, this will create a lot more leverage in the system as home owners borrow against property and speculators rush into property markets and stock markets like 2020/21 and the bubble will pop, that's my case on the bitcoin retest of the 69k lows in the 4 year cycle come 2025/26, as the masses in traditional and crypto spaces get washed out, the price of bitcoin will also follow to downside.
The new bull case is AI for 2024/2025
What do I know though.
It's exciting times, I think I've reached a networth high today. I'm going to do my monthly update this afternoon just incase the market sh*ts overnight. I want one evening alone with the networth chart, just the two of us. Who cares what happens tomorrow.
Feels unnatural and scary. Would be great to get a 15 per cent correction soon. I never truely enjoy these melt up type runs.
After the correction we can keep on going up, refreshed, to Yardini's 5400 by year end.
LET ME ADD - this is why I won't sell my Bitcoin, even as I expect a retest come 2026 of the 2021 highs (69k), IF the bubble pops, that's why I own Bitcoin, expect volatility always, yet you god damn better make sure you're holding hard assets if it does pop, even a home can be confiscated if it's over-leveraged and if I'm wrong then great I still own my assets!
On the other hand causecelebre, I wouldn't be surprised if Bitcoin rips and never looks back at 69k again come 2026, if a financial bust does happen that was after all what it was designed for, to keep the finite property in the hands of those investors. The big institutions know this, and that's why it's cash-in, cash-out ETFS, Investors get devalued fiat when they crap the bed and sell and institutions get to continue holding finite digital scarcity.
It's just good to remind the naysayers we are fully aware retests of supports happen and usually a bear market happens every 4 years usually bottoming near the previous year's high, for when they start the Bitcoin is dead nonsense again
Lol this level of incompetence is why you can't take the bitcoin naysayers seriously
They want to sound really clever but in the process just make fools of themselves time after time
PHYSICAL-
"Physical forms of Bitcoin have been around almost as long as Bitcoin itself. Very early in its history, people got the idea to print out their private keys and tie them to physical items, making them feel more like traditional fiat based coins – having something physical in your hands appeals to people psychologically".
it's pretty self explanatory, almost like owning a physical visa card with digital numbers magically connecting through a network of centralized banks, wowza
https://www.cnbc.com/2024/02/27/gran...mparisons.html
Everything is Awesome
The GRANOLAS power Europe to all time highs.
One by one even commodities are collapsing.
https://lens.monash.edu/@technology/...dustry-survive
Profit Collapse Looms For BHP, Rio Tinto And Fortescue
https://www.forbes.com/sites/timtrea...h=61d69e76918f