Hello, dear TW community. Today I would like to introduce my "ridiculous hypothesis" about BTC. As we all know, "Elliot Waves" have 5 impulsive moves. If we look at 1M chart, we are easily to see that BTC has never been bear market at all, all humble blocks (2014-15, 2018) that it have been through so far I might call them as "corrections".
What if BTC's real bear market comes every 10 years?
Then, 1 BTC's worth is equal to me between $110-$1300 right today.
Down in the mid term yes, cause we are in the bear market for a while. But we have basic points, where the price won´t go through. Like the cost of generating new bitcoin. Miner would stop if there businesses revenue decrease to much. One led to another, we saw this many times. Less bitcoin on the market, higher price and the cycle starts again.
@infoheydarzadeh, buddy, in short terms (from a day to a year period) I could not analyse at all where BTC is going. That's why I'm posting that "ridiculous" thing here)
infoaradd
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?
scrom_indicator
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also I suggest you stop using such archaic speeble metrics and align your thinking with the scrom indicator.
maximleanke
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@scrom_indicator, lol, can I politely ask you: "Can you get out from here?"
scrom_indicator
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@maximleanke no, but you can rudely ask you sausage bean pole speeble metric lovin' poppy seed.