a dozen+ posts over the past two months chock full of data, charts, technical analysis, on-chain metrics, macro, & more showing why the ~$60k area of #Bitcoin is equivalent to the $15-20k bottom range of last cycle. #xta#btc
@conviction_meta@brettmacro the timeframe, asset, or price doesn't matter at all to read structure. you must also not look at the #bitcoin weekly chart as much as us lol.
i sure hope you're joking lmfao.
when the market goes haywire or something within tradfi breaks, that's actually the most bullish catalyst FOR #bitcoin! if the normal system shows fragility, the market will seek a lifeboat.
bank failure? = emergency QE. private credit breaks? = ๐ QE. what's next?
a debt-based system only works by infinitely expanding the money supply.
the market's only finite asset outside of tradfi has performed exceptionally well when that system goes awry. we're witnessing #bitcoin and it's sentiment change.
1Q23 & 1Q26 hints at the decoupled future:
apparently we had double the amount of jobs expected (~172k), keeping the labor market resilient, which on the surface sounds great; but we had an everything selloff because yields rose and there's a higher likelihood that FED raises rates in the near future. splendid.
@blackwidowbtc my narrative is looking ahead 10Y, knowing we're on the precipice of a sovereign debt death spiral and people will ALWAYS flee to the hardest money on the planet.
what's harder than the most scarce asset not controlled by humans, but by math and truth instead? folks are ready!
@thisisomid_tc@jameslavish if one doesn't greedily trade the only scarce finite asset there is, buys and holds, stays solvent, and has done 1k+ hours of research, patience is the only thing needed.
long term it's programmed to go up; exponential demand meets finite supply as sovereign debt death spirals.
protocols converge towards one -- #Bitcoin is a protocol. i'm frankly shocked at how many people can NOT grasp this simple fact.
moreover, solving the double-spend AND byzantine general problems ONLY. HAPPENS. ONE. TIME!
therefore, digital scarcity only happens ONCE! ๐๐ช
i don't understand how people can not grasp just HOW revolutionary this one simple fact is:
until #bitcoin was discovered, two parties transacting without a third middleman was never possible before in human history; especially & specifically over a communications channel. #btc
what percentage of folks "against" #bitcoin do you think have NO idea what the byzantine general or double spend problems even are? ~95%?
they're programmed to believe money should be a service provided by gov't. rather than a truthful ledger based on math that nobody can cheat.