Someone talk some sense into this rube. People can't just create things out of thin air and have other people magically think it's worth something. You can learn from this guru. He's on the internet so it's fact. https://audubontechnologie.wixsite.com/old-time-newspaper/blog
We’re likely entering a corrective phase, so it’s no surprise the stats align. Traders aren’t driving the market — they’re just cogs in a predetermined pattern. Their actions don’t shape the structure; they unfold within it.
The bitcoin price action during this cycle has been very different from previous ones, funny enough just finished the latest episode of Preston Pysh youtube episode and they discussed this topic at length The announced bitcoin treasury companies buying bitcoin has not happened, and even MetaPlanet has stopped buying, only mstr is consistent every week, so when they start buying, we could see good upside price moves I was reluctant to watch Checkmate's analysis for a long time, because he's somewhat bearish and has low price targets for this cycle, lol, but as I started to watch his interviews and he has become very popular appearing on many different podcasts, he explains things very well and with logic, and quantitative data And it's starting to sink in, especially some of the latest interviews, he explains bitcoin has a different set of buyers (participants) during this cycle, and they behave very differently than retail These big players do not fomo, which means parabolic moves do not last, we just saw it recently the move from 110 to 123, and now we're back down consolidating in 116-119 fomo is a retail behavior, and in 2017 we saw a mob-like behavior, when bitcoin went up a lot every day in Dec, and when it paused, the altcoins would be even crazier, happened in 2021 as well These new players use sophisticated market specialists, to acquire bitcoin, constantly accumulating, and when the price is moving up too fast, they back off, it's the opposite of fomo That may sound horrible, but it's not all bad, These big players also do not panic The big players are providing a constant bid on bitcoin, and that is a great thing, we can see it, when bitcoin goes down a few thousand $, it would snap back up, they are buying the dip, no emotions, not scared, constantly accumulating stair-step-climb price action bitcoin spent over 50 days above $100k, and about 20 days so far above $110k... bitcoin broke $120k again yesterday, but did not last, once that becomes the new level, another 2-3 weeks? then $130k and so on When the new big bitcoin treasury companies start buying and if the timing is right, that's when bitcoin could go parabolic, because the bitcoin treasury companies have a mandate to buy, no matter the price, they are time-sensitive, not optimizing for price execution So do we still get a high price for bitcoin on this cycle? I think $200k/btc is going to happen before eoy, but the bigger targets say $300k and higher might not happen until next year (in the Preston episode, it was mentioned 1st or 2nd quarter of next year)
Really? At $100K+ you’re still talking retail influence? That’s laughable. I literally told you this already. I couldn't even finish reading the rest — it’s just blah blah blah talking-head filler. Anyone who really knew what was coming loaded the boat at $3K, or $400, or earlier — They are too pre-occupied enjoying life, sailing around Monaco with bikini clad women to spend time spamming out youtube content for clicks. THE FIRST BITCOIN RELATED VIDEO I CAN FIND IS AT THE END OF 2020.
3 shorts of 30 sec to know if buying BTC is wise now... If you don't own BTC yet https://youtube.com/shorts/DcPB3JC2qNo?si=K9Tn2-zwE28G6jcn When to buy and when to sell https://youtube.com/shorts/A4KvRgXwL_M?si=EqOfjlQhpgvwkm2_ Is it too late to buy? https://youtube.com/shorts/j0-ATk-zAbI?si=JwPyoNkjsvLeJ8c2
This is really good info and I tend to agree. I also watch what he is saying with a grain of salt. I don't like how much he is against running Knots, and how he has no problem with spam on the blockchain. I have followed the fight closely, and to be honest, I'm with Luke Dashr when he says that Bitcoin ultimately has a less than 10% chance of survival. I think mining is the major weak point, and not much is being done to address it. Miners have too much control and its obvious that Bitcoin core devs are in on it. Anyway... the analysis regarding no FOMO spikes with this new type of buyer make total sense. Not having 80% drawdowns is probably better than more a momentary spike that you can miss. Regarding his analysis though, I think onchain data is really going to suffer going forward. I've seen enough reports to show that other people are starting to question it given that so much is happening internally at CoinBase. Because of this, we might not see the previous obvious sell signals because those metrics might never get overextended. If CB can match a 100k buyer with a 100k seller, all the metrics like MVRV don't get this data, so this indicator cannot reach the overextended level which would signal a sell. I also like his scientific approach based on data, and I do watch him, but I don't like him as much as others. Regarding price predictions, Josh is still going with 444k sometime in 2026, and I think he said by July, so there is that.
I also think it's very possible to hit that target by July 2026 Bitcoin has inelastic supply, we are only waiting for the strong demand to come in, either macro, massive global fiat debasement, we're seeing all kinds of signs that many central banks are doing this now or specific to bitcoin, namely bitcoin treasury companies start buying en masse Grok 4 says in a few months we will hit $400k/btc Samson Mow has convincing arguments on the side of Luke Dash Jr and I agree with him We always have to keep in mind that Bitcoin Core devs may be captured by the State or some powerful organizations Don't trust, Verify I don't plan to upgrade from Bitcoin Core v27.2 and if I do, I am considering Knots, but... I also have issues with censorship, how can verify if we do not have the whole truth (complete blockchain) so v27.2 is my balanced solution, it's not a complete spam fest (before all the latest controversies on the Core BIP's bitcoin improvement proposals), I compile it from github, will stay on this branch and upgrade on dot iterations and will stop if I see something I do not like on the release notes
Have faith...don't believe the hype from the clown show and their fanboying of clueless talking heads. Statistics and history show we will see 70k or less either before or after 250k.