Bulls are at peak smugness

>BTC breaks multiyear trend line violently
>violently retests
>hasn’t even broken that trend line to the upside yet
>bulls are euphoric
Bear markets have a tendency to trick bulls into thinking it’s over and done with, repeatedly, until bulls are so fucking disillusioned they almost don’t want to continue life since they’ve watched their portfolios bleed.
Until that happens I’m not fucking buying.

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>Bulls are happy tether is printing billions to pump their shitcoin and will soon exit scam

ok

Yeah exactly

Bears are literally waiting on the sidelines with billions in USDT and will start fomo when we breach 10k again. Then the fun really starts. I'm not fucking selling bobo.

>tether will give up their infinite money machine because now they've had enough

Yeah but... no

This happens every single time BTC takes a shit and then makes a rebound off the lows. People go full euphoric immediately. I'm not shorting but I am definitely bearish.

There is so much money to be made for whales to short the market right now, and then pump it back up right before the halving. The dump is going to be fucking insane.

Already sold off 1/3rd of their bitcoin reserves.

This is basically where I’m at. I don’t have a strategy to trade this so it’s not worth the risks of shorting an uptrend.
Once there’s a clear break I might go short but it hasn’t happened yet. This is a parabolic move. Parabolas break really hard.
There hasn’t even been an accumulation period.

God I hope it dumps that would be amazing but I'm starting to feel like we bear bros fucked up

What gave it away, the constant bobobro threads full of anons pretending to have money?

>until bulls are so fucking disillusioned they almost don’t want to continue life since they’ve watched their portfolios bleed.

imagine caring at all about short term price swings in crypto
long term outlook is either moon or gutter, when we invested we already made peace with the option of going to zero
our wallets don't bleed or have time decay

you didn't really believe all the larp thats posted here about anons swing trading million in leveraged longs/shorts or gambling or very short timed options did you?

fun=dumping on bulls
it will be relentless because this is the last pump above 10k

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>globally sought after deflationary asset still actively being developed
>this is the last pump above 10k for reals

Bobos don't understand macroeconomics

>globally sought after deflationary asset still actively being developed

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>I´m not fucking buying.
>REFUSE TO BUY CREW

delation is bad tho. A deflationary system will always fail in the end. Most experts agree on that. High iq people know that bitcoin is not substainable
>Econ major here

You're a fucking brainlet. It's infinitely divisible and the protocol can be changed through BIPs. Old economic models for stocks do not perfectly apply to cryptographic assets.
>Math major here

>bulls are so fucking disillusioned
>implying bears aren't

The only Chad's in the market are crabs.

>just barely even with the top of the March 12th death candle
>"peak smugness"

pick one

>8400$

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For currency, sure, but for other types of assets? Scarcity is a huge part of value.

If the protocol is changed thw whole narrative will fall apart and there will be civil war in the community and huge sell offs u brainlet. Having a max cap is not a good idea, and btc will not survive without block rewards. There are several academic papers written by the top universities in the world on the matter. Educate yourself

>t. retard

nothing is inherently stable in this universe, crabs are retarded

>actively being developed
Lightning in 18 months

dislikes deflationary assets? i wonder who you can be?

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"cryptoCURRENCY". Yes, but digital scarcity is a huge meme. Scarcity is no good for things that have no incentric value or compelling use case, as is the case with btc. What happends when there is no block rewards anymore? Bitcoin is a dead end

>BTC crashes 50% in a day on correlated market declines worldwide
>holds at the 200 week SMA support AGAIN
>grinds higher over 6 consecutive weekly green candles
>breaks higher today above the 200d SMA
>halving in two weeks

lol okay bears, enjoy getting liq'd at 14k

Between 1850 and 1900 there was 50% deflation and it was also one of the greatest periods of economic growth.

>2015 tether will soon exit scam
>2016 tether will soon exit scam
>2017 tether will soon exit scam
>2018 tether will soon exit scam
>2019 tether will soon exit scam
>2020 tether will soon exit scam

so what, that doesn´t mean it´s good. The bottom line is btc won´t work without block rewards. And because bitcoin will eventually have a lower and lower circulating supply after everything is mined, mean a high variance in the circulating supply, which means a high variance in the price movement. Bitcoin is doomed to fail, only low iq people don´t see that. Transaction costs are not enough to keep mining profitable, so everything will crumble. Not to mention the tragedy of the commons that will occur when people doing transactions on main chain will have to pay for the security of the entire network, because more and more transactions will be pushed to cheaper and faster side chains. Therefore the people left doing transactions on mainnet are picking up the tab for everyone.

why would bitfinex sell 66k BTC right after a major crash if it was sure to moon ?

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imagine thinking this, then holding onto infinitely printable paper that is also doomed to fail. imagine not utilizing the run up to $1,000,000 in BTC to diversify into gold, consumer staples, and industrials. Just imagine being this retarded

The protocol was already changed with segwit ya FUCKIN RETARD