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Topic
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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Agbamoni
on 14/05/2025, 18:07:02 UTC
⭐ Merited by JayJuanGee (1)
I find some people want to know more than we can know and starts to develop and imagine some analogies to make his way of think more rational.

I mean if you surf in this thread or in X you can see thousands of analogies wanting to be the number 1 explanation on WHY and HOW the BTC is gonna be the king or why we are gonna have the next bullrun,etc,etc.

I find it interesting but at some point i feel like some people starts to lose their minds and the fundamentals of BTC.

A lot of graphs making ahhh look, the salary net against BTC have a correlation of 0.05 so....

Look the money suply when the SP500 reach the 548545 fibonacci number makes it

The tax of 15% over oil multiplicated over the GDP of Kazajstan gives us some insight.. bla bla.

I mean some are really good ones but some others seems like people wanting to be more inteligent than others and in the end losing up the north and the fundamentals of BTC.

It is beyond getting to know everything. Sometimes when i scroll through those threads it feels like they are trying to build castles in the sky by relying on complex charts and robust analogies.

It is like they are contexting on who will come up with the best "macro thesis" to prove that bitcoin is meant to rule the financial system.

Last time i check the fundamentals of bitcoin never changed. It still remains (fixed supply, decentralisation, and growing adoption) as the focused point. We dont need any voodoo before we believe the long term capacity of Bitcoin. So, im dissapointed why they prefer clout instead of true facts. Because people have forget about the fundamentals while straining their brains for intellectual clout.

In the end, those things wont matter since its all about personal conviction. Speculations and predictions might only make us feel how smart we are to some extent but relying on the fundaments will make us understand the market beter.