Choptember? It's been chopping since March. At some point it will break out of this descending channel. But don't ask me which way though.
With all the stress accumulating as the devil himself keeps pumping this ponzi scheme i had to think out of the box to come up with rejuvenating therapies in hope of somehow preserving my sanity. John is saying i am a troll, but this is not true. I truly mean what i say. And i don't think it will be funny when we finally get that "GOD candle" as god himself pulls the rug on this degeneracy and we land into the $30K Bitcoin. On every pump we get a dumber narrative. Some of them were so stupid i already erased them out of my memory. But they were so stupid they were funny so i just recalled now; the first narrative at the March top was that the dealers are running out of Bitcoins and there is no way to fulfill the demand OTC... LOL, this one won. Then we had the Trump hype and that marked the top. And now people are saying that from Monday on $16B of FTX repayments will flow back into the market. We don't know when the repayments will come; people claim that because it was said they would start in Q4. I reckon the first rug pull is coming soon and then the price might actually sustain itself for a while as FTX repayments are re-invested(gambled) back into the market.
The only way I see a major dump coming is going to be because of some geopolitical event. And in this case, everything is going to dump. We see that Bitcoin is always hit first and the hardest because it is the most liquid asset out there. But this also means that when you flip the script, when people are running to safety, Bitcoin will easily absorb all of this, but of course at higher and higher prices. There is just no way to save the current system that we have right now. The government or federal reserve can choose to either save the economy or to save the currency, but it can't do both. If they decide to save the economy, then that means the currency goes down and Bitcoin goes to the moon because they will print like crazy. If they decide to save the currency, and let the economy go to shit, then I agree Bitcoin can easily dump in this scenario. But from what I read this isn't a very likely outcome because a very bad economy is going to do much more damage than more money printing and high inflation. I mean all roads lead to a collapse of the current monetary system, but how we get there and over what time frame is the unknown. In no scenario though does a hard money like Bitcoin that is outside of the control of any one person not win. I can guarantee you that there are many politicians who own Bitcoin even though they won't admit to it. If you follow all of the stock trades by these senators, you see how well they do because they have all the insight info to everything. So I'm sure that they are very aware of how important it is to buy into a new system that cannot be corrupted. They obviously can't come out and say it though. But I am sure that when everything goes to shit, it will naturally come out that they have been holders of Bitcoin for a long time.
Is that concoction bible approved? Also,dont be offended, but I wont be dropping around to your place for Friday drinks at any point.
Agree. orbits is a cautionary tale. Even worse than missing the train,is catching the train only to disembark early,expecting there'll be another along shortly.When you realise that was the train,you start praying for a problem on the track ahead so that the train may have to back up to where you got off.
The CEO of BlackRock disagrees. He is shilling bitcon as an asset class that PROTECTS YOU in case of geopolitical risk! Mr. Larry Fink deserves to burn in hell for the garbage policies and pushing garbage assets like Bitcoin onto people. BRING BACK THE GUILLOTINE!!!
my sincere condolences to all the ponzi scheme cult believers, but this ponzi scheme is over what does this 3-Month chart mean? It means the bitcoiners are ABSOLUTELY FUCKED for the next 3 months! Beyond obvious top. Even if you are super bullish, this is a great opportunity to sell and buy more Bitcons later on! I CAN LEAD THE HORSE(donkeys) TO WATER, BUT I CAN NOT MAKE YOU DRINK!!! We are an INCH away from this pump and dump getting butchered beyond measure. I am leaving this space to focus on meditating in the woods until the vision gets fulfilled and the pyramid scheme is dismantled. Farewell, my friends.