I love the cadence of this chart
Bitcoin % of Supply in Profit/Loss
As I said previously, you start looking for major market cycle bottoms *after* they cross, not before.
They just crossed.
Such a great chart for keeping people on the right side of the market in midterm years
Make sure to check out my interview with @cryptomanran where we talk about the current Bitcoin market cycle and when things will start turning more bullish
Where Will $BTC Bottom?
@benjamincowen says the 4-year Bitcoin cycle is alive.
Bitcoin has always been weak in midterm years, and this one is no exception.
Ben is joining me on todayโs show to break down where BTC heads next.
LIVE NOW: https://t.co/7SQ20CwFQ6
@ChzBrgrEddy@CryptoKid Imagine thinking we didnโt go the moon, while also thinking that alts would go to the moon the last several years.
Now identify the camp youโve been in and ask yourself if itโs really the right camp to be in
@PeterSchiff If you think thatโs cult-like behavior, would you agree that being bearish from $0 to $126,000 over more than 10 years and saying you were right every 4 years would also be cult-like behavior?
Where Will $BTC Bottom?
@benjamincowen says the 4-year Bitcoin cycle is alive.
Bitcoin has always been weak in midterm years, and this one is no exception.
Ben is joining me on todayโs show to break down where BTC heads next.
LIVE NOW: https://t.co/7SQ20CwFQ6
We don't have to wait several months to see who is right. It's ok to be wrong, by the way.
Your posts don't hurt my feelings at all. How often do you see me making dedicated posts about you? I respond to maybe 1 out of 10 tweets you make about me.
Why not use this as an opportunity to turn over a new leaf, drop the ego, admit you were wrong, and try to become a better investor?
Pretending like you are right will just cause you to make the same mistakes again. Admitting to yourself that you are wrong is how you grow as an investor.
https://t.co/dMaOhIdyrE