We haven’t reached panic state yet. Hold your buys for a bit (or ladder prudent).

And done. This looks good 

On that note: in all channels that I’m following, I’m sensing no panic at all. In some channels the ‘dump’ is not even brought up. That strikes me as positive and supporting the notion that this is just a ‘correction’. A ‘blimp’ as we tend to say after a few years  

Of course, this does not include Reddit  

Bull is resuming already. Hunting shorts  

First station: $8,846 -> peak of first correction top.

A retest of $8,100 is plausible.

Almost 

I love waking up, seeing the weak hands tossed out and the strong hands getting stronger.

#BTFD

If not posted already: April Pantera letter.

https://medium.com/@PanteraCapital/macro-impact-on-bitcoin-pantera-blockchain-letter-april-2020-1fdc792d4f33

The whole story hangs on the notion that the virus is bad. Yes, it kills people. But is it a global pandemonium? Despite what the news wants to tell us, the jury is still out on that one

I foresee more effect of the absolute shit show that is current monetary policies. All over the world and with no end in sight. Where in 2008 only the fringes hauled the alarm (Zero hedge, doom preppers and so), the push back and alarm is coming from a much wider audience now.

A lot has happened.

An entire generation was brought up with a far better knowledge of our monetary system (and fully aware of its faults).

I can’t think of a better bullish argument that this.

And wil it definitely go worse with monetary policy. It will go full bananas  

This will be E.P.I.C.  

It has an effect, but not immediately. That’s what the past is telling me.

Looks like Deutsche Bank stock.

It seems bears are not even trying anymore. This reeks like a
Melt-up ahead. But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.

Just hedging his bets.

If the Swiss are worth their salt, the SNB should print Swiss currency and buy Bitcoin instead of Apple shares.

The first country to (hyper)inflate Bitcoin, will have the strongest gains.

In case of Bitcoin mega rallies, the hurdle is RSI above 85 on the 3 day chart:



We are at 70 right now 

Made a mistake once years ago selling early, hoping for 'The Dip'.

Never made that mistake again.

It won’t. You will not pay your coffee with Gold.

With Bitcoin either, but that’s another story.

You are essentially describing the path to greater adoption. Bitcoin won't become big because of an increasing use, but because of more and more value being captured in this asset class.

I didn't post the "$10k guaranteed" Penguin meme this time. Adam, we miss you 

Some positive notes on Bitcoin's potential:
https://www.goldmoney.com/research/goldmoney-insights/time-to-learn-about-money?gmrefcode=gata