Re: Tone Vays Is 85% Certain Bitcoin (BTC) Hasn’t Hit True Bottom
For everyone's information, he is not a bear. He is one of the most maximalist of all the bitcoin maximalists in the cryptospace. For him, any cryptocoin that is not a bitcoin is a scam hehehe.
You perfectly describe how delusional some of the Bitcoin maximalists are. I respect anyone's perspective on this market, but back it up with facts, and Tone just can't. It's all basic level gibberish no one can do anything with.He trades both directions of the market, however.
Does he really trade that much? I see him talk a lot in his videos, draw lines on charts, but we haven't seen any proof of him opening or closing positions. He might not even be trading at all, just scoop up in-stream donations.He once said that his affiliate links, referrals and in-stream donations account for a very large part of his income, the rest is likely from readings and presentations. Trading is on the very bottom.
Tone says he doesnt trade anymore. His main income source was the Bitmex referals, which were shut down, after he posted making a trade there. The trade was correct direction, just because he posted online with his set up and stop loss, he got liquidated. And his account got closed, because he is an american.
On the contrary, crypto needs BTC maximalists, they stand a ground againts people like Roger and Craig who scam people into puting their money some shitcoin, instead of making them keep majority of their funds in BTC and only minority in altcoins. Without these hardocre, hatred filled, bitcoin maximalists, a lot of new coming people would just get burned. So in the end of the day, bitcoin maximalists are usefull. They can stay maximalists if they hate altcoins, so we should not pay much attention to their opinion. However, they still play a vital role in crypto ecosystem.
I remember myself, trying to find the good BTC wallet, reading all material about BTC. It was a bit difficult as at that time there was not many sources of information. Nowadays, its even harder, as there is too many. Person goes to bitcoin.com and here gets lied and confused straight up. So these BTC maximalists, they in fact are usefull and needed.