In a true blast from the past, an internet artist has created a series of photos of celebrities and their younger selves together like it was a normal photoshoot - And while some of our favorite celebs look exactly the same, others are completely unrecognizable.
We are apparently at the part where the ones who were wrong in 2021 because “the cycle”, are now certain of no new ATHs for years because “the cycle”.
I used to be one. I remember when my belief in a predictable 4-year heartbeat of blow-off tops that would make everyone rich, made me allergic to other interpretations.
Perhaps we are in the same macro impulse wave that began in 2019, and are seeing a similar early structure to the current sub-impulse as we did with the last (late 2020).
Or perhaps the 4 year cycle (closer to 3.5 years) if there is one, is driven by liquidity, not the halving. Perhaps we are in the early stages of a parabolic leg, similar to late 2015/2016, and those who can’t look before 2019, won’t get “one more big dip”.
If the last 2 years have taught me anything, it’s that history much more rhymes than repeats, but that rhyming can happen cross asset. #Bitcoin in my opinion, at this stage, is a speculative asset, subject to the same forces that drive any other. Be careful of blind devotion to a special “cycle” with its own set of rules. Especially ones that are supposedly easy to follow. The market never makes it easy.