Anybody like to share their thoughts on the current market, price action?
It looks weak AF to me. I mean, I think everything is OK & we should rally in Q4 but we really need to start moving up soon. Part of me is fucking concerned if I’m honest.
In the summer of 2016 it pumped to $800, then crashed to below $600 in September. By December/January it had pumped to over $1000.
September seems to be a crap month for the price.
I personally don't think the price is going to do crapola until January 1st or after.
But I can't say stuff like that here, because:
1. JJG and others will jump on me and call me a bear
2. I'm not a S2F cultist like most of the crypto twitterverse
3. I'm open and happy to being wrong. I hodl regardless of what the price does.
Since when was I any kind of person expecting king daddy to be on any kind of strict schedule... I am surprised to hear that, especially when I have sometimes jumped on the cases of others who are stating that king daddy has to do x by y date... I tend to be a range kind of person, and also filled with probabilities rather than certainties.
In regards to time, I have also suggested that there could be delayed action and that would not necessarily break stock to flow or the four-year fractal or exponential s-curve adoption based on Metcalfe principles and network effects... and I have even suggested that our peak for this cycle could end up playing out as late as 3rd quarter 2022.. and furthermore, cycles could end up breaking, even though I tend to NOT be a fan of prematurely assuming that our three most dominant BTC price prediction models are broken.
I don't exactly agree with any kind of sentiment that there has to be a delay in UPpity (not that you are even saying that Torque), but surely a delay is within reason especially if beartards are able to keep the BTC price down lower and longer than expected, then they are able to shake more weak hands from those kinds of situations. Beartards surely love to keep the BTC price down for as long as they can and for as low as they can, but part of the problem is that they end up running out of actual abilities to accomplish what they would like to accomplish. For sure, I am not going to know when their inabilities to keep king daddy down is going to become somewhat undeniable, exactly.
In other words, what else is new?