@AmericanAir Why don't you have a service line I can call about my lost baggage? I was forced to check my bag at the gate and you lost it instantly. it's been 48 hours with no updates at all. I have valuables and important work items in there...
Bitcoin $BTC WILL BE WAY STRONGER THIS CYCLE!!!! Which would mean stronger upside price action over the next 1.5-2 years.
Here's why:
1. The halving event occurs in 9 months. That will drop the inflation rate by roughly half, down towards 1%. Gold is around 2%+ a year or more than double the rate of new supply.
Why is this so important? Because it changes the supply/demand impact by an order of magnitude. <-- This creates VIOLENT upside price action.
2. Where is all the Bitcoin?
The upside price action will also be amplified even more, because the amount of Bitcoin on exchanges has plummeted after the debacles with FTX, LUNA, Celsius, Voyager, BlockFi, Genesis, Silvergate Bank, and many more failed crypto exchanges/banks. <--
Since people don't trust exchanges anymore. Instead, they are keeping their money on hardware wallets or custody services. This slows down their ability to sell. Which helps the price climb even quicker. And an increase in price creates more FOMO. <-- Cascading positive impact from high volatility to the upside.
IMPORTANT! - During the bear market after 2017, we saw the amount of Bitcoin on exchanges (Ready to sell) go up dramatically, just like every other cycle. From 2.2 million to over 3.2 million. Or a net of 1 million additional Bitcoin ready to sell. However, this cycle things are DRAMATICALLY DIFFERENT, as we've seen the amount of Bitcoin on exchanges (Ready to sell) go down by that same amount, or roughly 1 million BTC.
Again, this is HUGE because it means that there are less orders sitting on exchanges waiting to sell at a predefined price levels. Which means less instant sell pressure on the way up.
3. Demand/growth of the Bitcoin network is almost constant. Like a work of art, it grows at a roughly 45 degree angle. I could show other charts that reflect certain amounts of Bitcoin in the wallets, but it doesn't matter at all based on my 6 years in this market, and research going back to it's inception. So, this is what you get. :)
4. We're seeing mainstream adoption from all major banks and investment funds. Even Blackrock is saying "Bitcoin is digital gold", "A hedge against inflation" and an "international asset." This is huge because they have over $9 Trillion in AUM.
SOURCE: https://t.co/VM4WJDzg97
See next thread for more details ---->
Let’s get my good friend @ShardiB2 past 200k followers fam.
She deserves it.
GIVEAWAY: 10 free Alpha Trend Suites to anyone that follows her and retweets this!
Congratulations.
You did it.
They told you it was a scam, a Ponzi, a Tulip.
They were wrong. They will continue to be wrong.
Welcome to the Revolution.
$BTC #Bitcoin
There is a tiny, tiny part of me that wants Bitcoin to just dump to zero. Imagine. The institutions spent 10 years saying Bitcoin was a scam and then finally gave in and bought the top. It's almost worth being poor for.