Herb Chormley

[Herb Chormley @DarthRevanch]

@JaySeanB199820 @RangerMedic1983 @iamcoryanderson @HotepJesus hahahhahaha you got triggered and had NO idea how to respond LOL

[Herb Chormley @DarthRevanch]

@jaysmontoya @zenkaixbt hahahahhaha you crypto guys are so fkn stupid it's unbelievable

[Herb Chormley @DarthRevanch]

@0xEthan hahahhahhahahhahahha

[Herb Chormley @DarthRevanch]

@MacroBombastic @MaxCrypto you guys are ao hilarious LOL

[Herb Chormley @DarthRevanch]

@onchainsid @R89Capital "default neutral asset" lol. Bitcoin is a speculative bubble with zero utility. Gold has been used for 1000s of years with countless applications. Stocks and bonds have earnings and interest. Bitcoin has belief alone, and the gains already ruined it's usefulness

[Herb Chormley @DarthRevanch]

@AHonking_Goose @Gholacrypto You guys are so hilarious man. The mass denial from bitcoiners is truly absurd - you've all fooled yourselves into thinking your speculation/greed is somehow rational investing. The worst part is how blatantly uselss BTC really is compared to past bubbles (see: tulip mania)

[Herb Chormley @DarthRevanch]

@John_DeBord @eth_exy Oh it won't go away, it will just slowly decline to $5k - $10k to and stay in that range permanently. Volatility will decline & the big price gains are gone forever. BTC will then have far more real world instead of being a vessel for pure speculation

[Herb Chormley @DarthRevanch]

@BobbyBTCMaxi I'm sure you did lol - that's why you're still obsessively tweeting about bitcoin prices & trading patterns. An irrefutable truth about speculative bubbles is that a very small % of investors make most of the gains while the vast majority of buyers end up in the negative

[Herb Chormley @DarthRevanch]

@rozikrypto @TheBTCTherapist The real irony is bitcoiners pretending they are nobly fighting against an oppressive and unfair system - in truth you're just speculators motivated by greed alone. The current system of global FX has presided over unprecedented gains in wealth and poverty reduction

[Herb Chormley @DarthRevanch]

@BobbyBTCMaxi Hahahhahaha says the guy talking about "4 year cycles". My honest advice man- just sell and move on, don't try to protect your pride. You'll regret it later on

[Herb Chormley @DarthRevanch]

@BobbyBTCMaxi @bariksis there is no 4 year cycle lol- you bought a useless asset ina speculative bubble. BTC was dead after the 2017 bubble crashed - post-covid gains are an anomaly due to a liquidity-induced speculation frenzy and extremely low trading supply. It will unravel to <$10k permanently

[Herb Chormley @DarthRevanch]

@ershierqian @ShibSpain There is no 4 year cycle lol- you guys are hilariously stupid. There was a bubble in 2017 that popped and was left for dead until the post-covid liquidity bomb triggered a speculation frenzy. The insane lack of BTC trading supply multiplied the move many times over

[Herb Chormley @DarthRevanch]

@bigriggayboi @QuintenFrancois It was dead after the initial bubble burst in 2017-m. The post covid speculation frenzy revived it with a perfect storm of excess stimulus/liquidity and super low trading inventory. That move was entirely speculative and will continue to wind down until sub $10k

[Herb Chormley @DarthRevanch]

@jarvis30060 @STOPVOTINGFOR @MetamateDaz This is exactly the problem - you don't actually understand the economic concepts & complexities; you're motivated solely by disdain/anger and the desire to punish people, not by the desire to create better outcomes

[Herb Chormley @DarthRevanch]

@bigriggayboi @QuintenFrancois 8-12% a year is way out of the question for Bitcoin- it will be lucky to keep pace with inflation over the next few years while interest remains high. Beyond that BTC will have negative returns until an equilibrium price is reached about 80% below current levels

[Herb Chormley @DarthRevanch]

You can have all the smart money you want - there is simply no way for demand to
overpower supply again like it did 2020-2024. Limited trading supply and tons of excess liquidity fed into a speculative bubble that brought demand forward. The best case scenario is if BTC keeps up with inflation over the next 10 years. The days of 5x-10x gains are done forever

[Herb Chormley @DarthRevanch]

Only problem is you can't recreate the perfect storm of mass speculative fenzy, excess liquidity, and linited trading supply that ignited BTC in 2020. It's a inde a century scenario and there is quite literally no more demand to save bitcoin. It will go back under $10k where it was ore-covid.

[Herb Chormley @DarthRevanch]

The correlation between BTC and M2 completely broke down over a year ago and is never coming back. Institutional adoption isn't what you think it is - it's a marketing ploy to gain new customers/AUM by allowing cryoto custody. No institutions are buying or recommending crypto in any meaningful amount

[Herb Chormley @DarthRevanch]

@yrysbryd @JohnRad15 @42ERMorningstar @IdeasAreViruses Oh man you're really far gone. If you don't like the objective data I provided, you don't have to include me in your ramblings.

[Herb Chormley @DarthRevanch]

@PictureBooksPro @JohnRad15 @42ERMorningstar @IdeasAreViruses @yrysbryd Yes, after factoring inflation in. Below is nominal, without inflation, which was a gain of $900 over the same period