Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A good tattoo is very clear or done by an amazing artist maybe. Just keep it simple with the rollercoaster bit. I wanted a tattoo done in UV ink so it only shows under special light not in a business meeting :p
As a permabull, I'll make an even more bearish statement.
In Bitcoin's history, there has never been a downtrend reversal and start of a new bull run, without first pursuing a major stop loss hunt and major long liquidation. Never.
So take that for what it's worth.
Major stop loss hunt? Thats fine, I dont have a stop loss for better or worse. Price does not always determine value perfectly, I agree a Richter scale move is still probable. I hold some gold just in case in a boring way because its inert and doesnt grow and doesnt lose value in bad times/deleveraging events.
The world in general will go through a deleveraging nuclear winter kind of event at some point because we are so reliant in one countrys currency as the backing for world trade. And its highly stacked. A perfectly orderly transition to less political and military biased trade is unlikely, hopefully its technology based and more balanced to people not central powers. Of course Bitcoin should be part of that.
Pic of exters triangle for anyone not familiar
I'll do my best to be bearish for you.
As a permabull, I'll make an even more bearish statement.
In Bitcoin's history, there has never been a downtrend reversal and start of a new bull run, without first pursuing a major stop loss hunt and major long liquidation. Never.
So take that for what it's worth.
Major stop loss hunt? Thats fine, I dont have a stop loss for better or worse. Price does not always determine value perfectly, I agree a Richter scale move is still probable. I hold some gold just in case in a boring way because its inert and doesnt grow and doesnt lose value in bad times/deleveraging events.
The world in general will go through a deleveraging nuclear winter kind of event at some point because we are so reliant in one countrys currency as the backing for world trade. And its highly stacked. A perfectly orderly transition to less political and military biased trade is unlikely, hopefully its technology based and more balanced to people not central powers. Of course Bitcoin should be part of that.
Pic of exters triangle for anyone not familiar