Assuming the 4 year cycle is dead here. What happens next? #bitcoin
a) lengthening cycles with diminishing returns
b) lengthening cycles with increasing returns
c) no more cycles and random walk
d) 4 year cycle is still in play
I'm in #Miami for a few days for #ArtBasel. The fact that #Bitcoin and the #crypto industry are so well-represented here is another classic warning sign of a major market top. It's reminiscent of the haydays of the dot com and subprime mortgage bubbles, only far more flamboyant.
Those of you who considered this tweet to be a buy signal and bought more #Bitcoin as a result are not looking too good right now, especially if you borrowed the money to buy!