Additionally, for all those certain of a 70% crash soon due to the "cycles", where is this crash going to come from? It doesn't appear that retail has come anywhere near Bitcoin this cycle, so they can't cause another crash. There has also been no crazy greed driven run up in price, it's been very controlled. ETFs and treasury companies have been the only substantial demand this run and they don't look like they have been overextending to me.
There is always an end to an era and the era of crash two years after halving has come to an end. Like you said, institutions have entered the business as report has it that they control over 12% of Bitcoin and don't seem satisfied with such numbers. Furthermore, a lot of retails have realized the games the rich are playing with their growing interest in Bitcoin, hence are not willing to liquidate their Bitcoin easily. Therefore, I do not believe we will experience 70% crash in price anymore, we could see corrections and gradual growth just as we have experienced in the Q3.
I agree...I just think that 'short term' which can be anything from 1 year to 2 years, IMHO...is gonna be the result of say a recession. Everyone WANTS and knows they
should buy stocks/land/btc in a recession but the reason again is mostly EVERYONE has been over-extended finance wise from regular folks to corporations of the
rich etc. This is due, IMHO, to the result in current USA and maybe World economies.....70% of all of that is consumer spniending.
So btc/crypt being 24/7 you can dump on emergincies and cc debt and you lose your job etc, etc...it will take a hit first
or look at it another way my house value goes to 1/2 value like last recession. Real world wise you are asset rich in a market of declining assets and or employment
kee
as such. Sucks. But again this is short term. Compared to say bonds in a recession IMHO or in my area $14k farmland dumping to $7k etc, etc.....btc crypto will do
much better then bonds in the usa again IMHO. I mean if people have less $$$ to speculate on or ie keep their lifestyle...thus the consumer spending leading the
recession change.....do you think people are going to put $$$ in bonds at 4% to 5% with inflation 2/3rds of that? er NOPE not this time around
people will park their $$$ into land/gold/real estate/btc/crypto other things on the threat of inflation and this keeps up or goes up after the recession
but again, jobs, money, inflation, bad gov't choices on debt and taxes, (me) I just don't see the real world with a usa recession bailing out the usa debt at 7 to 1 ratio
as the only choice. The 24/7 selling or buying of btc when things go south will bite btc/crypto hardest at the front end but if btc/crypto can't keep up with 4-5% bonds
as an example...we are all dorked anyway...so it is HODL and buy time in the cycle again coming up.
damn....diamond hands.....no trophy wife...no boat...no 2nd house/cabin.....all false pretenses anyway...i could tell folks my btc worth but i'd still live like a retired
schoolteacher with my 2012 ford fusion anyway...so to advertise such to the oppiste sex would be false flag pretense anyway
alas BORING allowed me to HODL btc/crypto and BORING lets me continue to HODL btc/crypto .....what a nerd loop that is.
brad