It used to be a pet peeve of mine that linguistic drift has led people to use the word “conspiracies” when they mean “conspiracy theories”. But really, it’s very helpful - the sloppy terminology betrays sloppy thinking, so these people disqualify themselves right off the bat. If someone can’t keep these terms separate, they aren’t prepared to think clearly about the topic at all.

I actually buy the idea that $80k was the bottom. The normies who got in in the past 18 months are all anchored to $100k in their minds. At $126k they were profit-takers, and $80k they are buyers. In the past, there were many, many people whose only anchor value was $0. I don’t think very many of them still exist, if any. $80k is still above the previous cycle’s ATH… perhaps we just chopped off the blow off top and the soul-searching crash when we went Wall Street with this thing.

The normies I know were just talking about buying the dip. This might be max pain for us plebs only, because we worship the cycle. We are the ones who religiously believe now is the time to sell.

Max pain is down until February when my next project finally starts and I have dry powder again, then rapid bear trap as those cuckbucks come in, and then down only all year