Dave

[Matt Hougan @Matt_Hougan]

Horse-drawn wagon manufacturers warn of risks if cars allowed on roads.

[Mark Moss @1MarkMoss]

History's biggest wealth transfers hide in plain sight:
They're called "Infrastructure Inversions"

When old technology and new technology exist simultaneously over a 10-20 year window...

Bitcoin treasury companies get it.
Here's why🧵

[Matt Hougan @Matt_Hougan]

I think this is the "Summer of Accumulation" -- a moment for long-term investors to build positions ahead of an epic EOY run.

[Samson Mow @Excellion]

Selling gold is budget neutral. Pass it on.

[naiive @naiivememe]

Crypto Market this week

[Dave @Crypto_Dave21]

@scottmelker Absolute legend

[PlanB @100trillionUSD]

🔴->🟠

Almost 1 year since the halving, bitcoin red dots are turning orange (and then yellow): entering the 2nd stage of the bull market, the steep FOMO stage.🚀

[Will @WClemente]

For the time being I identify as a reformed Bitcoin maximalist. I have listened to 3 saifedean podcasts and 5 Michael Saylor clips this morning to repent for my sins. Forgive me father Satoshi.

[Dave @Crypto_Dave21]

@scottmelker I like the variety of deep dives into topics with one guest, the panels, and having guests like @TXWestCapital and @ZeroHedge_ But at the same time, I miss the good old days of playing "pump it up" and going through the charts. Keep doing what you're doing Scott 👏👏👏👏

[Quinten @QuintenFrancois]

Prices 1 year ago:
$BTC $26,400
$ETH $1,800
$LINK $6

Start investing

[Inmortal @inmortalcrypto]

This is what the summer of 2020 looked like.

A giant 164-day range.
A superb bear trap before the parabolic move.

This time is no different.

[Bitcoin Archive @BitcoinArchive]

Man instantly transfers $20,000 into a slot machine to gamble away.

But if I want to invest in #Bitcoin the bank calls me 7 times and demands a DNA sample... 😏

[Coinbase 🛡️ @coinbase]

There have been 5 bitcoin bull markets. In an average bull market, you will have to survive the following to ride it to the top:
Six 5-10% drawdowns
Three 10-20% drawdowns
Two 20-30% drawdowns
One 30-40% drawdown
One 40-70% drawdown

All during a bull market.

[Raoul Pal @RaoulGMI]

This is the 4th 20% correction in BTC in 12 months...pretty ordinary stuff.

[Dave @Crypto_Dave21]

@scottmelker @GoingParabolic Now where have I seen this before? 🤣

[Rekt Capital @rektcapital]

Previous #BTC Bear Market Bottoms at the 200-week MA would first form on extreme sell volume followed by above-average buy volume in the week after

While $BTC saw extreme sell volume last week, this week volume is drastically under-average & seller-dominated

#Crypto #Bitcoin

[Matthew Hyland @MatthewHyland_]

#Bitcoin is currently in its 4th longest downtrend in its entire history:

[The Wolf Of All Streets @scottmelker]

Every market is correcting.

What matters is what happens next.

What asset do you want to be holding when things finally bottom?

The stock market doubled after March 2020.

#Bitcoin went up about 17x.

Choose wisely.

[Rekt Capital @rektcapital]

Is it taking #BTC longer to form Macro Double Bottoms at the 200-week MA?

1st Macro DB formed in 231 days

2nd Macro DB formed in 469 days

3rd DB may complete in 700 days, around next $BTC Halving

Time it takes for DBs to form may be increasing by ~230 days

#Crypto #Bitcoin

[PlanB @100trillionUSD]

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.