Is Bitcoin close to a wave 5 Macro completion? Most disrupting technologies bubble up and pop before their real bull run begins (see internet bubble early 2000s). However, what could be the catalyst? Most likely, it would be systemic risk of a overall market crash or Tether being a fraud. Market valuations are historically high and are nearly approaching the 2000's bubble valuations. Thoughts?
It'd be kinda funny if Tesla bought Bitcoin at the top. Not sure if they're that stupid though.
ATR92
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@Prince_Investments, Would love that, one bubble buying another bubble and then they can pop together lmao
OptiPulse
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@Moonlambos, This is just my opinion, but I think stocks are headed higher for the next 3 years. 15% corrections at most are possible of course along the way. And if this is near the top for Bitcoin, then it'd make for a very short bull cycle. The last 2 lasted for about a year. We're about 4 months in atm. Yeah, I think stocks are in a bubble, but the bubble can get bigger if you look at traditionals on a log chart as well. This is only possible because of the FED btw. If they didn't exist we would be screwed now, instead of getting screwed in like 4 years when the bubble finally pops.
boeing787
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@Prince_Investments they bought btc mid January and announced it later on, they are not stupid.
Umarzia
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yeah I think they bought bitcoin somewhere in between last financial year that's why they announced it in annual report to sec.
resinial52095
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Im thinking more of a 200k top this cycle. I think a post by the name of "feels like half way home" is still trending, shows how that could play out. This is interesting information none the less
ATR92
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@resinial52095, Could be, however, the herd is usually wrong