Bitcoin DEAD, 3-4k since BTC supply is lost. China was right.
Around 13000 we will see a relief bounce, maybe even a short bull run, but in the end it will drop to zero (with zero I mean 4000, because a lot of BTC are lost)
Why?
1. Crypto offers no value - it is basically thin air. Apple produces devices, Tencent produces software, Gold is used to make jewelry and cannot be created. Bitcoin has zero value. I can create Bitcoin, you can create Bitcoin, scarcity failed
2. When there is inflation, Bitcoin will rise - failed - people want rice and canned fish rather than a piece of digital worthless garbage
3. I can send millions within seconds - really? You need to register on an exchange first step - exchanges that all registered on weird Islands if the exchanges shut down you cannot do anything
4. No safety - forgot password - ruined, lost device - ruined, stable tokens that claim to be safe crash left and right. USDT crashed in May!
5. It is all based on HYPE. 99,9% of tokens from previous bull run are near zero capitalization
6. Defi is ponzi, the late comers pay the interest for the early investors
7. It is very centralized - if you want to cash out or deposit you NEED an exchange!
8. Full of arrogant people who are whales and got lucky, they are extremely greedy, and mock you, karma will pay back. For example a friend who once had 10 Million USD in crypto was bragging on Twitter that he made it, he kept holding on his DeFi tokens like Olympus and likeof, he is now under 100K. Another whale friend had like 100 Million USD at the peak and he is now down to 9 Million, his group asked me to buy Bakeryswap and adviced me on Egg and Taste finance - I went from 30k to 3k to 100k early 2021, to under 1000. yet I made it to 10000 multiple times in bear market. I feel like he owes me, however he is being greedy, every single person in crypto space will be ruined. I asked him, he said he will share profits or gift tokens, nada, nilch. I cannot marry, I cannot have children I cannot study, they ruined me completely. Yet I avoided all crashes! I sold at 53K, and did absolutely nothing. I made money during LUNA crash but lost it because of shorting UNFI that a guy in that group suggested. My point is whales are arrogant and karma will get them, we must crash. Do not trust any whales!
9. 8 again -- some protocols living on leverage and arrogant people like El Salvador president and Michael Saylor who made many people buy the top they think they are safe.
10. We have 20,000 cryptocurrencies, much like dotcom bubble, they need to be flushed out first!
11. We closed weekly and monthly below 200 WMA and we about to break an important BTC support line for first time in history.
HOWEVER IM THANKFUL, thanks to crypto I know best strategy is to work and invest every month into stock market and be patient.
I congratulate the people who made it during previous bull run.
Why?
1. Crypto offers no value - it is basically thin air. Apple produces devices, Tencent produces software, Gold is used to make jewelry and cannot be created. Bitcoin has zero value. I can create Bitcoin, you can create Bitcoin, scarcity failed
2. When there is inflation, Bitcoin will rise - failed - people want rice and canned fish rather than a piece of digital worthless garbage
3. I can send millions within seconds - really? You need to register on an exchange first step - exchanges that all registered on weird Islands if the exchanges shut down you cannot do anything
4. No safety - forgot password - ruined, lost device - ruined, stable tokens that claim to be safe crash left and right. USDT crashed in May!
5. It is all based on HYPE. 99,9% of tokens from previous bull run are near zero capitalization
6. Defi is ponzi, the late comers pay the interest for the early investors
7. It is very centralized - if you want to cash out or deposit you NEED an exchange!
8. Full of arrogant people who are whales and got lucky, they are extremely greedy, and mock you, karma will pay back. For example a friend who once had 10 Million USD in crypto was bragging on Twitter that he made it, he kept holding on his DeFi tokens like Olympus and likeof, he is now under 100K. Another whale friend had like 100 Million USD at the peak and he is now down to 9 Million, his group asked me to buy Bakeryswap and adviced me on Egg and Taste finance - I went from 30k to 3k to 100k early 2021, to under 1000. yet I made it to 10000 multiple times in bear market. I feel like he owes me, however he is being greedy, every single person in crypto space will be ruined. I asked him, he said he will share profits or gift tokens, nada, nilch. I cannot marry, I cannot have children I cannot study, they ruined me completely. Yet I avoided all crashes! I sold at 53K, and did absolutely nothing. I made money during LUNA crash but lost it because of shorting UNFI that a guy in that group suggested. My point is whales are arrogant and karma will get them, we must crash. Do not trust any whales!
9. 8 again -- some protocols living on leverage and arrogant people like El Salvador president and Michael Saylor who made many people buy the top they think they are safe.
10. We have 20,000 cryptocurrencies, much like dotcom bubble, they need to be flushed out first!
11. We closed weekly and monthly below 200 WMA and we about to break an important BTC support line for first time in history.
HOWEVER IM THANKFUL, thanks to crypto I know best strategy is to work and invest every month into stock market and be patient.
I congratulate the people who made it during previous bull run.