The crypto space has become a noisy and crowdy space. I know there's plenty of the world's population left "to be converted", but still, it feels like there's so much data to process, so much fear and greed mixed together and e relentless sense of "I know it for sure" spread among "specialists".
Every single day I open twitter I'm literally flooded by charts and strategies from the people I follow with what Bitcoin's next move might be, how high will it peak and how the future bear market should look like.
First of all, nobody knows exactly what the peak shall be, secondly we have no clue whether the market shall follow previous bull and bear market patterns and at this point it's pointless to try and time everything. I honestly don't give a damn if I will be able to sell the top for any of my coins or not.
Cryptocurrency and blockchain technology will revolutionize everything standing it its path and it's irrelevant if Bitcoin will top out at $120,000 or $200,000 this cycle. What if the $200,000 top is just another milestone on the way up to infinity. If we will get a Bitcoin ETF approved in the US, it's bye bye bear market.
Don't believe me? Ask anyone who's been in investing for long enough to remember what happened after the gold ETF has been approved. Nobody has forecasted the $64,000 local top of Bitcoin from a few months ago, I don't remember anyone on my feed calling for a $64,000 BTC for April 2021, back in early 2020.
Then how the hell do these guys know how and when Bitcoin is going to peak, or have any clue on how the future bear market would look like? They actually don't... I still remember that RektCapital(on twitter) was having a video more than a year ago about the Bitcoin peak this cycle and that video was based on metrics from previous bull markets and the length of every halving generated bull market.
According to RektCapital we were supposed to have a Bitcoin peak by October 4th, this year, and that should be anything between $120,000 and $388,000. I doubt BTC will get to over $100,000 in two days from now, thus prediction invalidated... There are also talks about PlanB's S2F model being invalidated. Honestly I don't give a damn about any of these models/predictions.
All I know is on-chain data is the new TA and the way crypto is impacting the world, it's impossible to have it influenced by a four years cycle. BITCOIN IS BCOMING A STORE OF VALUE. When mass adoption will will finally bloom, only an idiot will still wait for a bear market to take prices down by 80% to 90%. YES, corrections will occur on the way up in the super cycle, but I bet the four years cycles are a thing of the past.
Hence, most of the predictions and patterns that are to be found on twitter coming from crypto gurus are nothing but noise... Hope you're having a great weekend and see you to the next one.
Thanks for attention,
Adrian
