@DrProfitCrypto Spot market is the wheel of the price, under your theory only watching this hyblock liquidation heatmap prices should also reach 15k because of liquidity zone, donโt be like chapo please
if you have additional theories, explain them so we can understand
@profit8lue ๐คฆ๐ผโโ๏ธ๐คฆ๐ผโโ๏ธ๐คฆ๐ผโโ๏ธ ridiculous CT, you, doc e mr chapo all in the same boat, all with the same useless analysis. You all are influencer, not professional trader
How to retire in crypto:
1. Get a social media position at Cointelegraph
2. Go all in 100x long on Bitcoin
3. Post on X about Bitcoin ETF spot approval
4. Quit your Cointelegraph job and retire
How to retire in crypto:
1. Get a social media position at Cointelegraph
2. Go all in 100x long on Bitcoin
3. Post on X about Bitcoin ETF spot approval
4. Quit your Cointelegraph job and retire
The deadline to file a proof of claim is 09/29/2023 4PM ET (โBar Dateโ). Please begin the claims process through the FTX Customer Claims Portal (https://t.co/DkYi2hDLbI) if you have not done so already.
The longest bear market in history for #Bitcoin
It might feel like a ghost town in crypto. It might feel like there's not even going to be a bull cycle anymore and I understand why these thoughts are there.
But why?
Well, people base their decisions on history. ๐
Historically, and if you're in the markets for a longer period, you know that Bitcoin goes through cycles. These cycles have a period of expansion, big correction, accumulation and renewed expansion.
However, not every cycle is on the same length and that's what's expressed in the chart.
The current bear market is relatively comparable to what we've witnessed in 2015. A period of sideways action, where the faith in crypto is slowly getting lost too, despite the fact of solid fundamental growth.
Right now, price of Bitcoin is nowhere near the valuation of the peak in November '21. It's down more than 50% and in a bear market of 490 days.
I'm not even discussing altcoins or NFTs, as those have been dropping by a bigger percentage.
I know how it feels. Most people who read this have been experiencing their first heavy bear cycle and it hurts. It did the same for me in 2018/2019, or the COVID-crash, or the current bear market.
And just because it hurts, you'll learn. You'll keep moving forward and you'll identify new opportunities and experiences you'll be using later in the cycle or the next cycle.
As Bitcoin is slowly getting adopted into governments and institutions, recently;
- Blackrock having stakes in mining companies (and Valkyrie too).
- Multiple Bitcoin and Ethereum ETF applications.
- ETF in Europe going live.
- Hongkong opening for crypto.
- Oman investing more than a billion in Bitcoin.
The thing is, during the current period, these events are not being reflected in price at all. They lag behind as the market is stuck in the 'bear market modus', as the past 2 years price has been falling.
That's where your emotions are coming from. 'Why is the market not moving at all?'
From my experience in the previous cycle, it takes a long time, as we're currently experiencing the 'time capitulation'.
However, after that stage has passed (which might be a in a few months), the expansion and acceleration usually tricks you.
Sit on your hands, identify where your pain comes from, learn, and use those experiences in the coming years.
@cb_doge If he manages to realize X according to his vision, then he will surely become the first trillionaire.
(Take out the 'if' at the beginning of the post, Heโll definitely make it)