I was belligerently bullish until last Friday when I felt the technicals were completely broken.
I think the Core v30 issues are also a large contributor here, and it makes me question how well the community will be able to adapt/respond to the quantum threat, which is certainly coming.
You hit the nail on the head with the stablecoin concerns, which maybe has contributed to the lackluster price action. And, honestly, if this is really the diminishing returns that we're looking at, the risk/reward profile isn't justified. If we make a new high from here and we're not in a bear market yet, then I'd change my mind, but if we're looking at doubling every 5-6 years, might as well stick with stocks. And given the risks of quantum, it may be best to rely on gold as the bearer instrument for tail risk events.
I honestly can't believe I've actually written what I just did being so bearish, but I'm adapting to the newest information which doesn't look good.
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Bitcoin: A Completed Elliott Wave Pattern, A Possible Bear Market, And A Bigger Question About Its Long-Term Viability
I was belligerently bullish until last Friday when I felt the technicals were completely broken.
I think the Core v30 issues are also a large contributor here, and it makes me question how well the community will be able to adapt/respond to the quantum threat, which is certainly coming.
You hit the nail on the head with the stablecoin concerns, which maybe has contributed to the lackluster price action. And, honestly, if this is really the diminishing returns that we're looking at, the risk/reward profile isn't justified. If we make a new high from here and we're not in a bear market yet, then I'd change my mind, but if we're looking at doubling every 5-6 years, might as well stick with stocks. And given the risks of quantum, it may be best to rely on gold as the bearer instrument for tail risk events.
I honestly can't believe I've actually written what I just did being so bearish, but I'm adapting to the newest information which doesn't look good.