Nice bull market we got there.
108k to 114k to give us hope and then slam it straight back down to 108k with the threat of going even lower. Were in grave danger of ending the year lower than we started it in a supposed bull market.
Of course the determination of no longer being in a bull tends to be a delayed indicator, so you could be correct that we are transitioning into a bear.. yet we already know from history that frequently there can be fake outs.. but yeah, if you happen to know in advance then you will win a little side bet that you would prefer not to win.
We cant have a proper, sustained bull with Trump and his retarded FUD tariff war. His creepy little sons in the background profiting off our misery with insider knowledge.
Sure. Those are problematic current events that may well stifle uppity and also facilitate transitioning into either a bear market or at least a pausing of the UP that goes past the first quarter of 2026.
Recall April 1, 2019? The price shot up from $4,200 and then ended the rise at the end of June 2019 at $13,880? Of course that happened after a whole year of downity in 2018.. so that April 1, 2019 was at a different phase of what we have come to know as bitcoin cycles.
A similar thing would kind of suck for me (meaning a shooting up of the price that would ONLY start on April 1), yet of course, I consider that I am describing a minority scenario, even though I doubt that your imagined scenario of the beginning of a bear market and perhaps even something close to or exceeding a 50% correction to be very close to being likely - absent some major implosion - including my doubts that several of our recent bitcoin pumpers (such as Larry Fink) are going to be very excited with a falling out of their current cash cow (bitcoin ETFs) if there may be ways that he might be able to intervene... Anyhow, I am starting to devolve into areas of speculation beyond my own studies.
Make no mistake about it, wed be at 150k now without Trumps influence on this market.
That is ridiculous.
There are always ways and/or reasons that we can speculate by removing one factor and proclaiming that all things in the world would be the same absent this set of events.. so then if we remove that factor, then we have this preferred outcome rather than our current outcome.
I have trouble understanding where this gets us in terms of dealing with actual facts rather than what ifs. I am not completely opposed to what ifs, even though it seems a bit non-productive to be whining about things that are likely mostly out of our control... ..
I believe there is institutional, high grade price suppression going on too. Deep pockets dont want Bitcoin to moon. This isnt the way it was supposed to be this year, extremely disappointing.
That could be, even though betting against bitcoin could end up exploding in the opposite direction.
Do you think that Larry Fink is working against the pumping of the bitcoin price or for it?
Sure there are likely institutions that are on both sides of bitcoin, so the mere fact that several of them are against bitcoin means that those ones that are against bitcoin are going to win?
Sure there are various outward battles in regards to bitcoin and there are likely behind the scene battles in regards to bitcoin, yet why would the battle be so noteworthy right now, except you are saying that our side (the bitcoin side) is not winning as much as we thought that we were going to be able to win?
Perhaps it could take a week or two in order to sort out which direction our current correction is going, and yeah, sure, you could end up being correct. I am not proclaiming that you are completely wrong, even though I am having problems with sub $80k prices (ever), even if the top might be in through the first quarter of 2026, so my proposed bet of no sub $80k ever is still open... even though I reserve the right to pull that bet proposal at any time prior to someone taking the other side of such bet.
And, by the way, getting back to the 50% correction idea. I cannot imagine. 50% from our current top is a mere $63,136. I have a hard time imagining a 50% correction in our cards, if we go by our current top.
Congrats to the Blue Jays. I thought Seattle was gonna take it for sure.
Last time they did this, I was at a friend's wedding as a guest and the videographer
(with zero qualifications for that job @JJG) - it was one of the Saturday games of the World Series final and the manager of the wedding hall set up a TV in one of the back rooms. Most of the men disappeared, including the groom, to watch the ball game only venturing back to the main hall for more drinks. There were a lot of angry women at that wedding. Man... that was lifetime ago! Thirty-two years. (Sadly, the marriage didn't last long enough for them to watch the Jays in another World Series).
At first I was wondering about my attention being drawn to this matter, and now, I think that I get it... since at some historical point (way back when), I was proclaiming that you (homer) did not have any material and/or relevant skills, except perhaps random ones... ..
Largely, I stand by my earlier assertion, especially since I may well could have had been exaggerating to make another point related to your subtle (or not so subtle) suggestion that you might be able to carry out our other Jay's duties better than he himself.
Look!!!!
Coincidentally (or not?), this post refers to at least 3 Jays.
It was mere days ago you told me to "stay in my lane". I didn't start out to discuss that further but as a consequence of my story telling, I realized there was one other time in my life where I was guilty of failing to remain within marked lanes and truth be told, it was fine.
I am thinking that I might have had said that differently - yet of course, it can be difficult to go back in time, including that sometimes any of us might end up rushing through some of our posts, so our chosen words might impact in ways that were not quite expected.
What to do? What to do?
Alternatively, I could have agreed with you, and suggested that you would fit better in such monetary policy position.
Damned if you do and damned if you don't.
The ONLY winning move might be not playing the game.
