Any OG bitcoiner here who didn't see the Bitcoin Conference 2024 Trump pump-and-dump coming from a mile a way should have your head examined by now.
Any short-lived hype or FOMO "news" is exactly that... short-lived. Always has been, always will be.
Only three mechanisms rule Bitcoin's true price discovery/stabilization anymore:
1. Mining hashrate
2. 200-day moving average
3. Having effects (usually front-ran)
(4. And the float, definitely a factor, but ill-measurable)
All others are short term PnD bullshit.
True...as a comment, I am finding some bitcoiners to be weak minded wussies instead of steely nerve guys/gals I expected them to be.
Maybe in another 4-5 years...