Haven't tweeted about #bitcoin and #altcoin prices in years, but I'm getting that loving feeling. Wanna buy dips for a potential broader cycle ala 2015 - 2017.
It strikes me as funny that all those Bitcoin energy fudders who predict "massive" growth of energy consumption seem to miss one important angle:
If they are correct, that means continued demand and thus growth of network effect which is contrary to their FUD thesis
I don't care if you are building a CBDC or a simple website.
If you are a software engineer and working for the government - STOP.
Just stop.
They can't do anything without us.
So yes, I am optimistic, and am looking forward to a continuation of the cycle shortly
This shakeout was needed. Teams getting paper rich and distracted. Incentives misaligned. Dog coins pumping. Focus lacking.
Now we separate the few from the many so we may prosper once more
So yeah, it's definitely a bear market folks.
🙄←sarcasm
We should all panic sell because traders tell us there's two moving averages that just crossed and they carry the name "death" in it. Sounds so scary. 😱
The dominant driver of #Bitcoin right now is the crackdown on mining & trading in China that began in May. This created a forced & rushed exodus of Chinese capital & mining from the Bitcoin network - a tragedy for China and a benefit for the Rest of the World over the long term.