It finally happened, BITCOIN broke past $100K!

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yes, USDT‌ strengthens its position
that's pretty optimistic... there⁠ will be a place for stable coins for quite a while (as long as dollar⁤ exists)
 
If you say that the cycles have been/are︁ predictable, and as can be seen from your post the tops have been 4 years︂ (+/- 2 weeks) apart, and now is 4 years from the last top, why based︃ on that timeline, should there be another 4 moths of upside?
Not that I am︄ arguing further upside from now. 😉
... just the data presented and conclusions drawn do not︅ line up imo.
 
Bottom to peak in 2017 took 1068 days, and in the 2021 cycle⁣ it took 1061 days.
If you add 1000 days to the current bottom (which was⁢ around 16k on November 21 2022) you land on August 17 2025.
BUT I will︀ say, in 2013 we did get a shorter bull market which only lasted about 750︁ days from bottom to peak (and that would land on dec 10 2025).

I'm not︂ into timing tops perfectly, nobody can do that and you also can't sell that much︃ at the top anyways, I like to sell on the way up and buy on︄ the way down slowly, with no rush.
 
to be precise... the last︁ bottom was probably a bit earlier as FTX was just a pleasant circumstance and sweet︂ spot to buy with huge discount but without it we wouldn't go any deeper I︃ believe
 
I have time, just won't risk to miss out of profits and⁤ don't want to make huge loss.
 
In short ........ I don't know, but currently the stock valuations are higher than ever, and‌ it's cyclical.

Long version?

We are pretty much at an ATH, and a bear is‍ just a part of the cycle. Or we get even more than that, something like⁠ a jubilee / debt reset.

You can see that we are almost or already in⁤ a recession. It rises slowly, and then it spikes.

EU economy even worse, totally fucked (by their 'ally',︁ the USA, bombing the Nordstream pipeline). Even if all the 'refugees', that have been supposed︂ to be cheap labor for the factories (best case scenario) wanted a job now, they'd︃ have to move to China, as all the factories are being closed because of the︄ insane politics and energy prices in the EUSSR.
https://en.topcor.ru/45343-flagman-nemeckoj-avtopromyshlennosti-polnostju-uhodit-iz-germanii.html

Even Volkswagen is closing down everything︅ as well now.
Morgenthau plan and Kalergi plan at the same time.
https://en.wikipedia.org/wiki/Morgenthau_Plan

Oh, does︆ anyone want to laugh or cry about the stupidity of the German carbon agenda and︇ their stupid laws to outsource their money to China, without anything in return? Governments hate︈ their own people.
https://www.dw.com/en/how-a-chinese-firm-ran-a-billion-euro-carbon-credit-scam/a-71010148

Nobody expected the Ukraine conflict (not less than a senseless genocide︉ on young people - on both sides) to last so long, even less people expected︊ the genocide in middle east, which is expanding daily by the war criminals without any︋ opposition besides of empty talk (and not even that). But why would anyone be surprised︌ about it, just look at the leaders and their 'friends'.
https://globaleuronews.com/2023/06/...o-putins-comment-that-zelensky-is-not-jewish/
https://www.jewishvirtuallibrary.org/jews-in-the-biden-administration
https://www.vtforeignpolicy.com/202...rumps-jewish-advisers-and-pro-israel-cabinet/

Now Canada︍ is stealing weapons from their cuck citizens and donates them to Ukraine, it means they︎ will all land on the black market and be distributed all around Europe. Wait, why️ is Trudeau so scared of his own people?
https://www.usnews.com/news/world/a...irearms-and-proposes-donating-guns-to-ukraine

No one expects CN-TW conflict getting‌ out of control now either, but every thinking person can see that it would be‍ the perfect time for that, as the US and its lackeys are busy using up⁠ their weaponry elsewhere.

Oh, not to forget that our favorite overlords, predicting 'shock events' and⁤ 'cyberattacks':
https://web.archive.org/web/2024081...sks-to-look-out-for-in-the-post-pandemic-era/

Sorry for all that off topic stuff, but black swan events are a⁣ thing. The 'cyber-attacks' are being announced by the WEF for long time already, as was⁢ their plandemic, so that the time might be ripe soon. Not that it would cause︀ much harm to BTC itself, but if the internet would be affected it could affect︁ our ability to trade it as we do today, and the stock markets too.

All of that might be poison for the financial markets.

Fortunately I am already far away︂ in 'lala-land' myself, where I could care less about all of that, as it won't︃ affect me physically, and I am pretty sure the internet will be still working here︄ if s**t goes down. Maybe I'll even turn on the ASIC miner if the time︅ comes.

I am not a doomer, but every year I see more and more weird︆ s**t happening.
Prepare for the worst, hope for the best.
 
That was an overwhelmingly detailed response from you,such a great explanation and a really enjoyable‌ read. It makes so much sense!

So that's why you’ve sold all your crypto, including‍ BTC, because you think it has peaked now and won’t reach the levels it was⁠ at last week when everything was really high?

That being said, would you also say⁤ there’s a chance BTC could go higher, but it would depend on certain external events⁣ taking place?
 
Thanks for the advise, much appreciated.

I remember very well⁤ VHS 😉
 
I will watch this thread in 10 years to⁠ see who's prediction is going to be right. It's fun reading ever then.
 
I haven't sold my crypto yet (well, that's⁢ a lie, I sold some at 82K and 96K to cover margins, as the interest︀ exploded, but I re-bought even more during the dip a few days ago. I am︁ cautiously bullish, and positioned for the last up leg (max. 2 months, then I'll be︂ out and getting ready to short after breakdown and retest (just risking 10%).

BTW: I︃ am glad that you liked my thoughts.

Here is a more technical analysis of a︄ possible bear market in the near future.
He's pretty diligent, and saves me so much︅ time:
 
Gotta admit that I too enjoyed the thoughts that you shared. Black swan events do occur︀ but I doubt that anything will significantly impact Bitcoin since too much is being held︁ and acquired by a relatively small handful of manipulating powers.

But I'd reconsider that 2-month︂ max that you're thinking of... Ever heard the saying "Never short Bitcoin"? For the most︃ part, I've found this saying to be true and Bitcoin has proven to be the︄ best play for long-term wealth generation, particularly when holding it for the long term and︅ even better when acquiring it regularly when the price falls. Cash out if you really︆ need to but if you do, you may want to set some of that capital︇ aside to buy more BTC when you can.
 
very good, I will watch the video in a few minutes. What you explained so far︀ makes sense.
 
There is no agenda or shilling because if everyone on this⁠ thread dropped BTC and switched to XMR, it wouldn't change anything in the wider world.⁤ My posts are not an attempt to wake up the masses.

The point is if⁣ you look at cryptos with a view to making profit, you're in it for the⁢ wrong reasons. Mining is just a way to make a bit of free money on︀ the side, it is not the focus of cryptos, which is decentralized currencies. This misuse︁ of BTC has allowed the governments to control your BTC, defeating the entire purpose of︂ its existence. Monero is currently the only viable currency to keep out of government control︃ now. If BTC goes the way of tulips, those who misused it for profit will︄ have deserved their losses.

You're not supposed to use︍ it as a get rich scheme.

What proof are you asking for, that BTC is︎ primarily used for speculation and hardly anyone actually buys pizzas with it? This demand for️ proof of something so blatantly obvious is just an attempt at stalling the discussion. But‌ here:

Almost no one uses Bitcoin as currency, new data proves. It’s actually more like‍ gambling

Most bitcoin owners use them to speculate on crypto markets, survey finds

Agreed the⁠ sheep are going to sheep, and that's why KYC now controls most of the BTC⁤ investments whereas it didn't before. That's why BTC profits will now be taxed. That's why⁣ BTC can now be confiscated at the whims of the powers that be. BTC has⁢ become a poisoned well.
 
mining is absolutely essential, transforming (burning if you like) physical‍ world energy into digital scarcity is what makes it one of the greatest (if not⁠ number one) inventions in human history that will transform the world as we see it⁤ nowadays
without mining there is no bitcoin and value
crypto without mining is just a⁣ computer game not any different from many other failed attempts in history to utilize trust⁢ to create money (tool to conserve wealth/capital, a tool that makes humans different from other︀ life forms)

period, thanks for playing
 
It blows my mind the level of mental gymnastics some people will do just to‌ try and discredit such an incredible idea like BTC or crypto in general.

Is it‍ true that there are sheep speculating just for profit? Yes. Is it true that lots⁠ of people are complying with KYC when buying? Also yes. It's worth 2 TRILLION f*cking⁤ dollars. There are going to be all kind of people involved, including sheep, dumb people,⁣ smart people, criminals, accredited investors, speculators, boomers, children. Literally all walks of life. It's impossible⁢ for something to get this big without having all types of people involved.

BTC isn't︀ even meant to be used to buy coffee or to be some cyberpunk underground money︁ to buy drugs even if thats how it started. That narrative died in 2017. Bitcoin︂ now primarily exists to digitize value in an honest and decentralized way that can't be︃ censored by any single entity. If people wan't to speculate then that's their prerogative.

Regarding other criticisms of bitcoin (slow, not private, expensive). Again, people are failing to see the︄ bigger picture of crypto and decentralized finance. Of course other coins/networks are better & more︅ efficient than bitcoin for certain types of transactions, Alt coins aren't going away anytime soon.︆ But BTC due to its vast network, level of decentralization, scarcity - and yes, first︇ movers advantage, will always be the biggest player. It's digital gold and when you want︈ to use some of it you can easily swap to USDT/XMR/SOL/ETH/whatever

Some people are just︉ unable to see past their blind hatred for a certain coin to truly understand what︊ the future of finance looks like. Half of the infrastructures and decentralized systems of the︋ future don't even exist yet.
 
Wow... All of you are presenting great perspectives to consider about Bitcoin, and none are‌ without merit. I personally believe that Bitcoin offers the absolute best opportunity for long-term wealth‍ preservation and growth. Its history of resilience, adoption, and overall price appreciation speaks volumes. But⁠ I also think that it's important to get more Bitcoin into the hands of the⁤ masses b/c if the bulk of Bitcoin's supply continues to be held and acquired by⁣ the few, there will come a point in time (if that time has not already⁢ arrived) when Bitcoin will be just as controlled, abused, and manipulated as fiat-based currencies.

The masses are already falling short with about 1 million wallets holding nearly 93% of the︀ circulating supply (owning 1 BTC or more) and the remaining supply in a whopping 53.5︁ million wallets - https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Ultimately, it's the inflationary monetary system that most of us commenting︂ in this tread despise and seek freedom from. So let's not be easily divided or︃ offended by different perspectives or opinions. But please do continue to share your thoughts because︄ a lot of info being shared in this thread is thought provoking. Also, after reading︅ many of the comments from this thread, it's clear that most of you are critical︆ thinkers that take the time to dyor and assess information to make informed decisions. And︇ considering that this room is filled with a variety of great minds, imagine how strong︈ and effective we could be if we were united against this corrupt monetary system and︉ worked constructively to bring more awareness & education about cryptocurrencies.

So for those of you︊ that are Bitcoin advocates and that have posted in this thread thus far, I'd really︋ appreciate you taking some time to assess a Bitcoin wallet and sharing your feedback about︌ it. It's rare that I encounter such a group of critical thinkers that are ready︍ to speak their minds, so your feedback (whether good or bad) is invaluable. Note that︎ this Bitcoin wallet was designed to help circumvent every inherent deficiency that is associated with️ Bitcoin today (i.e. slow transaction speeds, potentially expensive fees, impractical means of sending micropayments, and‌ inability to earn yield from Bitcoin holdings).

With these wallets, Bitcoin is no longer restricted‍ to being just a store of value, but can now be used as an efficient⁠ method of payment, medium of exchange, or a yield-generating asset. The use cases for Bitcoin⁤ are now endless, limited only to the imagination and understanding of the wallet's capabilities. I⁣ understand that most Bitcoiners cannot conceive of such capabilities existing within a wallet, but it's⁢ an entirely new concept that many fail to grasp until they experience it for themselves.︀

So for those of you that have previously commented in this thread, I'll send you︁ $20 in BTC (real BTC not tokenized BTC) to test the wallet and share your︂ feedback. If interested in participating, send me a dm. Looking forward to getting feedback from︃ some knowledgeable Bitcoin maxis and answering any questions that you may have.
 
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