1 comment

• @Bragato18 30 July 2022

  my comment to a post www.publish0x.com/johnwege/time-to-become-bullish-about-bitcoin-again-xddnemd?a=y1ako5raQG really dislike the use of “bullish” and “bearish”. just had to get that off the chest first. Would like to share what was part of a very long read from a dude I subscribe to. “At every peak and bottom since its creation, bitcoin’s price has gone up 50% after it flashed signs of a peak and down 50% after it flashed signs of a bottom.” and this cynical take on BTC market cycles "With crypto, the market moves in a specific pattern: - Crypto flows into the hands of people who want it more than their government’s money. Eventually, the market runs out of sellers. Prices go up. - Once prices go up long enough for new buyers to think prices will keep going up, new buyers come into the market. Prices go up higher. - Once prices go high enough that people decide they want to trade it for more of their government’s money, they sell. Prices go down. - Once prices go down long enough for people to think prices will keep going down, new sellers come into the market. Prices go down more. The cycle continues."