Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
...and I am so “foolish”, I lack faith that the previous cycle top can never, ever be revisited—let alone broken. <jay>
</jay>
</jay>Yes.. I agree.
You are foolish and/or you have foolish tendencies.
So, let’s see how much Jay appreciates my allegorical gold-market theory that Bitcoin is fine. Good as gold.
Not appreciated. Been there; done that.
[edited out]
... I will pretty much just point out that you are deeply ensconced in a Reality Distortion Field. New ideas are needed.
Have I ever proclaimed to be a bastion of the flow of new and effervescent ideas?
I have them. Thank me for being bullish while others are discussing a death spiral, instead of flipping off at me over nonsense.
That's strange. Why would I want to discourage ideas - unless they happen to be detached from reality in the sense of lacking in logic and/or facts to reach bad conclusions?
I am sure your theories are fine in that regard though, right? Why wouldn't they be? They are coming from uie-pooie, who surely would theoretically be amongst the top 100 smartest people in the room (and if top 100 fails, then surely top 200, no?), no matter which room we were to choose (or happen to be in), no?
By comparison, looking at the Gold chart using Monthly MA Ribbon (SMA) with intervals of 12 (1 Year) starting with 12 (after it's decade long bull market and 25x increase):
In summary, I think the worst (or arguably best) case scenario is a bear market based on an extended amount of time, not an extended correction of price.Seems to me that there is something fundamentally wrong (or off) with using gold as a comparison when we are talking about an emergent asset class versus a 2,000 year old asset class..