Today the annual inflation rate of Bitcoin is 1.72%.
One year from today the annual inflation rate of Bitcoin will be 1.69%.
Good luck getting this level of predictability from a central bank issued currency.
Justin Trudeau has invited American women who want an abortion to come to Canada.
Bodily autonomy, he says.
But they are not allowed to come unless they get vaccinated first.
And there it is: dark blue (70% below ATH)!
Most indicators (S2F, RSI,200WMA, Realized etc) are at extreme levels. Does that mean that all indicators are "invalidated" "debunked"? No. Investing is a game of probabilities and indicators give situational awareness: BTC is oversold.
Worst bitcoin monthly RSI ever: 43.7
Bottom Jan 2019, BTC $3400: RSI 43.9
Bottom Jan 2015, BTC $210: RSI 44.6
And some blue: we are 60% below monthly ATH
Reason why you are not buying at this generational opportunity level is the same why you did not sell at 60K: greed & fear. Greed because you think that you can time the absolute bottom. Fear because you think it can drop further. Forget about tops and bottoms, focus on strategy.
Some people think that I only look at S2F all day. But in fact I use many indicators & models for investing & trading:
1. fundamental (S2F, mining cost etc)
2. technical (RSI, MA etc)
3. on-chain (Realized cap, coins in loss etc)
4. derivatives markets (futures/base, options/vol)
If I purchased a product three times, and it didn't work, and I went back to the store and they told me to buy it a fourth time and it might work, I would start to think someone was playing a joke on me.
if you find the phrase “free speech” concerning and think a government “truth” agency seems reasonable i promise you, historically speaking, you are not the good guy
Bitcoin is an impenetrable moat of encrypted energy to defensively protect your hard-earned buying power from thieves.
It does not attack - it defends what you have already given: your energy and time.