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Just to understand why all this fancy events priced in! And what happened after last 3 BTC conferences $BTC #bitcoin☀️ #Bitcoin_Coneference_2024
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Key quotes from Donald Trump at Bitcoin2024: “If we don’t take action on Bitcoin, China will; — The USA will become the cryptocurrency capital of the planet and the world Bitcoin superpower; — Bitcoin does not threaten the dollar, we will issue many stablecoins pegged to USD, billions of people will have access to them; — After taking office, a presidential advisory council on cryptocurrency issues will be created; — Bitcoins confiscated by the US government will not be sold; — The United States will create Bitcoin reserves. 🤷 $BTC #Bitcoin #BTC☀
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I will always say that everything that happens in the market, and often in the world, is planned! As things happen, we can see adjustments in timing! The market may resemble a chaotic picture, but if you look at 2019-2021, the events and market reactions, everything looks organic, logical and simple. People even try to analyze the Wall Street cheat sheet, but every time their predictions turn out to be false, why? Because everyone thinks that he is special and can catch the bottom or catch the peak of the market! In order to catch the bottom and the peak of the market, you need to understand macro, geopolitics, past events, their duration and upcoming events! This way you can more deeply understand the cycles of what is happening in the world and on the chart. But in any case, this understanding will be subjective, and nevertheless, possibly close to reality. Is there euphoria now? Absolutely not. There are some isolated cases of adopting ETFs, but this is just a drop in the ocean, and only in the cryptocurrency market, the whole world is still in uncertainty because of the big wars that are happening now, because of the instability in the USA, China. Therefore, large capital is now entering the market gradually, accumulating positions since 2022. Altcoins generally look like dying assets, what kind of euphoria or bubble can we talk about The price of $BTC rose in 2017 from 5,000 to 20,000 in six weeks! In 2021, from 10 000, we grew by 64 000 in 6 months! This was the stage of euphoria, parabolic growth and as you can see, it does not last that long. Imagine that we have been hanging out at the bottom since 2022, exhausting investors and their patience. And then it takes a month and a half or, for example, 5 months to reach the peak and start a new downward trend. End will be very rapid, sharp, contradictory, no one will even have time to understand how this happened! I already explained the triggers for parabolic growth last year! I hope you have a clear plan for when to exit assets, because trying to catch the peak of the market can play a cruel joke on u
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Metis Price Prediction. New targets $METIS
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A few thoughts about the Bitcoin conference! #BTC☀ $BTC 1. The movement from 63500 to 68300 is included in the price on the expectation that Trump will say something phenomenal! Even if he makes a super speech about Bitcoin being used as a reserve asset in the US, this is already locally included in the price! 2. Can Bitcoin be used as a reserve asset in the US or any other country? Regarding the US, I am more than sure that even with Bitcoin, they have accumulated it more than anyone else in the world, accumulating it from the very beginning! But everything must be announced at the right time! Therefore, the news does not cause any stunning effect for me personally! It is very predictable and simply logical 3. Such conferences are becoming something like a fan club of a particular coin, where the task of each speaker is to show a presentation with beautiful pictures and numbers with zeros! As Michael Saylor did, showing a set of random numbers until 2040 and the price of Bitcoin! If you show the expected price of 140 thousand by the end of 2026, people will not be delighted, they need to be shown fabulous figures, if you do marketing, then do it on a large scale and beautifully 4. Each such conference ultimately does not bring anything new to the blockchain or bitcoin itself! It's just a get-together of friends and like-minded people! Trump is announced to speak not because he is a fan of cryptocurrency, but because this is a great opportunity to appear among strangers and collect even more votes! I am surprised by tweets like "the crypto community will not forgive Harris for refusing to speak at the conference"! That is, people are ready to sell their voice and soul to the devil himself just to hear a beautiful speech about their favorite coin without delving into the internal state of the economy and the country! 5. August may be boring, but the most interesting is definitely ahead this fall
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