Bitcoin was never about the people who bought early. It was always about all of us, the people who bought “too late”. image
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Meanwhile Monero is CATAPULTING up the shitcoin list. As well as that ZEC thing. I’m a maxi, but it’s very important to note how privacy is suddenly becoming a very big deal, juxtaposed with how Bitcoin is being openly undermined via the people who control markets. image View quoted note →
What’s up with Sam Bankman Fried? Still under “House Arrest” right? image
The perpetual thing about fiat market crashes is that when nobody has money to buy anymore, everyone waits for the Federal Reserve to print more money. It’s the same with Bitcoin. Bitcoin will wallow until the brrrrrr…. image
Head’s up…this hits as a Red Flag for me: “West Texas Intermediate was near $59 before trading on Nymex froze in the Asian morning. Live trading of commodities futures on the Chicago Mercantile Exchange has halted due to technical issues, according to a notice on the CME Group website. Nymex is part of the CME Group.”
This is a Weekly snapshot of aggregated exchange price/volume. Price and Volume are all that matters in any asset. Note how volume… Until the recent decline. I won’t tell you what to make of this. But this is Bitcoin Signal. image
Volume (bottom bar) is the sign things are changing. (Weekly chart) This whole last year has been just fiat and Retail. image
Bitcoin Cycles are done. Broken. Not to be spoken of again. And that’s fundamental, because it means we cannot continue to speak of Bitcoin as a Deflationary asset. A tiny handful of wonks may continue to circlejerk something new about “longer” Cycles…but. A deflationary asset must chart deflation. And Fiat broke our 4 year chart. image