Big difference here brother. FED is propping up the market to drive up productivity and prevent economy from collapsing. Tether is propping up the market to do what exactly? To make money for ponzi scheme participants and no other purpose. Bitcoin has no use case or purpose (beyond illicit activities). Trump said it was a scam years ago. Mr. Larry Fink said it was a "money laundering index". But then they decided to stop swimming against the current and instead decided to profit off of this insanity. They are not stupid.
Clicking or not clicking 'Like' indicates nothing. There are hundreds of posters who never click anything, ever, but they're on ET daily lapping up the stories. There are many fine articles of well thought out research often posted - with zero Likes. Often just one misplaced sentence in there like; ".....I predict....." is enough not to get a like.
I lean more on the personal responsibility side of things is no longer ingrained. And to me that is not The Fed's job.
I agree with what you say My opinion is that it was because April 2019 is in the middle of a bitcoin bear market, it is very difficult to discuss bitcoin positively with anyone during a bear market, from my experience True story, in 2019 (or 2018), I was having lunch with 2 friends and as always I brought up bitcoin, one of them said I bought $1,000 worth of bitcoin on Coinbase and it's down to $800 and was thinking of selling Price of bitcoin was around $6k I said how the heck can you be down when I've been telling you about bitcoin when it was $100-$700 per bitcoin before 2017... the answer is simple, he got interested when bitcoin was going up a lot, fomo phase, Back then, I always had some bitcoin on an open-source wallet on my phone, showed him I did not sell all my bitcoin even it was down 70% from peak I told him that was the time to buy and hold until $100k (no talks of bitcoin going to $1M back then), he said he'll think about it He could easily buy 10.. I asked him a few weeks later, and he said he didn't buy and he's good with his other investments... and it was probably a good thing, since bitcoin did not bottom until $3k and he probably would have sold near the bottom and it might have soured our friendship similar thing happened this past bear market, I think I mentioned it on one of my posts here on ET, I have a group chat with some of my friends who were trading cryptos during the bull market 2021, when the bear market happened in 2022, price of bitcoin was around $22k, I told them on the chat, buy 2-3 bitcoin, it's going to $1M... none of them was interested... it did not bottom until $15k No one likes bitcoin when it's going down or sideways, this recent pullback is just another one of those times, last year, it happened during the doldrums of summer
What many don't seem to understand are the simple concepts of how trading trends are more or less regimented / dictated by the technicals / system traders. There are DEFINITE times to buy and DEFINITE times not to buy. I've mentioned before, bitcoin behaves extremely well technically, it obeys most if not all the technical rules and because it's not a company, has no negative surprises. I mean really, how hard is it to trade this???
It does seem to hit its extremes(significant dip or pop)when the sentiment is for the opposite. This isnt unique to BTC of course,but add in the volatility and its enough to make a trader nervous.
That X post is very accurate. Gold always rises during a crisis because the Fed will come to bail them out eventually. And when the Fed finishes its liquidity hose then Gold tanks and rests until the next crisis. That is my observation over the years especially since 1999. Gold skyrocketing is a bad omen for the economy in general. The 3-4 month lag for BTC makes sense since by that time there is always a Fed bailout. If the Fed doesn't or can't bailout the economy then in theory Gold will keep rising but I don't know what will happen to BTC. Historically nations facing currency devaluation turn to safer currencies or commodities to save them from collapse and BTC has been a store of digital value for those people. I'm thinking of people in Argentina and more recently Venezuela & Turkey.