@BobLoukas Strategy has been propping up the price of Bitcoin for over a year now. Once Saylor stops buying, the price will converge towards the actual demand, which is probably in the $50k - $70k range.
@ozsats256@BAcct8@bitcoin_clown There were plenty of reason why I wouldn't buy Bitcoin back then.
Plenty of new ones as to why I wouldn't recommend it today.
The stage is set for the next #Bitcoin bulltrap. In 2021 it was ScamB's S2F-model. In 2025 it was ScamC's PowerLaw.
Needless to say this is the great rug for 2029. Everyone expecting a top after 1064 days will surely end holding the bag. π’π΄π΄π΄ is coming.
π¨WILD: This Bitcoin chart is going viral for predicting the next parabolic run.
It shows every cycle since 2014 following the same rhythm, a 365 day correction followed by a 1,064 day parabolic bull run.
credit: @Vivek4real_
@BAcct8@ozsats256@bitcoin_clown The use case for Bitcoin was different back then. The peer-to-peer electronic cash version lives on as $BCH but as you can see it's roughly the same price today.
Digital gold was a better product market fit. I wish Bitcoin was pitched to me as such instead of the former.
When FTX crashed and everyone soiled themselves, that was the opportunity to buy $MSTR and I did.
Eventually Strategy started printing shares to buy Bitcoin in 2024, that was a clear sign the party was over. I said it was time to get out, guess who disagreed? Well it was Chris.
When $MSTR was trading at $14 during the 2022 bear market, no-one wanted to buy it.
4 years later, everyone wishes they had.
Today $MSTR is trading at $100 and again no-one wants it.
In a few years, everyone will wish they had.
@comic@BitcoinTeacher_ They thought the Bitcoin $MSTR bought with $STRC was free...
Can't wait til they learn perpetual means they have to pay for those Bitcoin forever.