At the start of this analysis in May 2019 #Bitcoin traded at 6k. Since then you got the chance to buy $BTC at prices just below 4k. (March '20 "crash")
We are now near 16k. This means ~+166% since the first tweet of this thread.
-Everything- looks set up to reach six figure PTs
Unlike Bitcoin, $ETH holdings have been decreasing in both derivative/spot exchanges, intensifying the sell-side liquidity crunch.
Ethereum ecosystem and its usability are making $ETH leave centralized exchanges.
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#Bitcoin becomes less volatile over the long term.
This is predictable, as it is becoming a larger, more established, and more liquid asset.
With time, it ascends to the world's reserve asset.
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I think being early is less important than being highly thesis-driven
In fact would argue majority of wealth creation occurs in the middle phase and overly fetishizing being early has generally cost ppl a lot of money
E.g. a modest 50k btc, costing $500k in 2012, is $3b today
3/ and while it may feel like outside the realm of possibility in the US, the Fed is printing money at historic rates.
before the most recent $1.9 trillion stimulus, M2 money supply had already increased by more than 25%.
but sure, inflation is only 1.4%.
BTCUSD - 1W - Bitcoin crash 2014 vs 2018
In the logarithmic scale BTCUSD seems to form a parallel channel.
I wouldn't believe in the bottom channel line if there weren't bullish signs, as it is not yet confirmed.
Similarities between the crash of 2014 and the crash of 2018: