I've been observing this space for over 5 years now and with my financial background I can say for sure, something really silly is going on here.
We often talk about accumulation phases, time and time we got it wrong at the end! Most of the accumulation phases endup in a catastrophic crash. Why?
Take is as you want, warning, assumption, prediction ... but note! There are toxic accumulation phases led by toxic whales likely working in a group. Organised crime basically, if you take it through the lenses of regulated markets, and which don't cover the scope of Bitcoin, yet .
So, organised accumulation phases obviously always involve tonnes of unsuspecting retailers. After ,6 or 10 months, booom! Crash! For month they accumulate, but not for hodling but for dumping.
When they will dump, well when FTX or similar will strike. It's a bit naïve to believe that FTX it's a one man show and things just happened because of a youngster...because they didn't! For the dumping to appear normal we always need some coverage. What exactly FTX does to Bitcoin? Fundamentally nothing!
The fear and uncertainties around market places do Not represent a crisis of trust in Bitcoin similar to what Enron did in 2002. Bitcoin didn't submit fake accountancies to dive that badly. So by the look of it some folks are really making sure the general public feel crap only by hearing 'Bitcoin' which today is more associated with failure than ever before.
Make sure you read correctly the events and adjust accordingly. No one can tell for sure which accumulation phase is toxic or not, but one of ten maybe is not, and will end up with a massive spike somewhere in the near future. So watch the space with your both years and eyes wide open and make the right moves you feel it's time.
No comments:
Post a Comment