Eventually this climb is going to have to end. But it sure is a nice ride.
Not until it sucks in all noob cash apparently.
Then we correct, only to bounce back higher.
That will also teach the noobs a lesson or two I suppose.
This is the way, the
natural selection of hodlers.
There are some indicators for a major correction, please don't ask me for their names. Worth browsing good titter analyst messages, starting with bitcoinmetrics (IIRC, the S2F modeler). I see steady growth of candles on weekly, not so much in daily, here it's a more stepped rise, but almost linear over a couple of days. As long as the daily/weekly aren't producing double length green candles each day/week, i see no major correction YET. I may be wrong big time, don't take my opinion for granted.
On the other hand, liquid btc supply is dropping fast, there may be no significant amounts of circulating bitcoins by the end of 2021, if not even earlier.
My opinion: Insitutions just became aware of this, so the rally may not end until they grabbed all the available coins out there.
Then the real fun starts, and maybe even by then, no one is really willing to sell anyway and watch corn price climb, while possibly exploiting the shitcoin market.
Dips on the road because of said noob behaviour and "crypto flight" (diversification of bitcoin into shitcoins by noobs and anybody wanting to invest in crypto and having fiat).
Some other possibilities from there as well, like fast death of the dollar and it's reincarnation as some "eDollar", but that is not much more than sweet future music.
Anyone who has known about Bitcoin since 2013 and isn't rich deserves to be poor.
All you had to do was hodl.
That's not really fair for those who tried to live on it, or those who had to live on it. It is, just what it is. Yes, all of us who got in early could have hodl, but trying to find another way to put food on the table was quite stressful if you had no other source of income. Back then anyway.
I think you were not inside the scope of Caps' statement.
SPOILER WARNING:
I may post some beautiful of my photographs later on today, which i consider spam, mainly because they can't be nearly as beautiful to the hodler's eye as the pictures the bitcoin charts are painting lately
Just let me know if it's too much
Poll
