In the long run, exponentially more dollars get created and exponentially less Bitcoin get created.
This is the ultimate collision of TWO exponential functions.
Fireworks are inevitable.
Cycle comparison: either we find support here or we might get another arch below realized price like in 2014.
Macro might indicate the latter.
#Bitcoin#onchain
@_Checkmatey_@nvk@BTCtreasuries@bradmillscan Respectfully guys, the platform you are describing is Ethereum. Ethereum enables Bitcoin defi (as 1:1 backed WBTC) without changing Bitcoin, as you desire.
Sentiment doesn't drive markets, markets drive sentiment.
I've overlaid the ISM New Orders (inverted) on this $BAC FMS chart to demonstrate what's really going on. Sentiment will turn when the economy does.
Context is king. #macro#HOPE
@dan_pantera Much appreciated Dan. What is your reaction to the argument that rates can only be raised so much before it starts to trigger debt-related economic problems?
Price is not the same as valuation.
Price is what you pay, and is the outcome of current supply/ask and demand/bid market dynamics.
Value is what you get, and is the outcome of a valuation model that looks at some underlying signal that cuts through current price noise.
The most confluential long-term chart I've found in all of crypto.
BTC Measured in USD divided by the sum of US M3 Supply and EU (dollarized) M3 Money Supply.
In other words, adjusting the BTC price action by the expansion of the widest money supply aggregates.
Think about it.
I see that some people are worried or anxious about the #Bitcoin market price.
My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.
Patience is the key.
Right around now you realize how many people you might have looked to as model traders in the space, but in reality they were just absolute degens benefiting from fair weather times, with absolutely zero risk management.
In fact, the best way to optimize returns is to add significantly when the market tests the key trend. I use the 5-year Exponential Moving Average for this. It hasn't spent longer than a month or so below it ever...
I’m going to say this a few hundred thousand more times before I die. Your mindset it the most important thing for you to focus on. And it’s about the only thing you have control over.
Trade identification is the LEAST important aspect of market speculation. What's more important?
-Emotional management
-Trade and risk management
-Execution
-Sizing
-Learning to take losses
-Disciplined processes
-Patience