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21 sats \ 0 replies \ @kepford 8h \ on: Have fun tearing this apart, stackers: “BITCOIN: ALL THAT GLITTERS IS NOT GOLD” bitcoin_beginners
Imagine the pain that could bring to investors who thought they were in dreamland, only to watch their wealth go up in a puff of smoke.
Grow up. This is how free markets work. If you want to gamble you will get burned.
I know some people are convinced Bitcoin will reach $200,000 this year, but history and technical analysis suggest a very different picture. Bitcoin has always corrected hard after hitting the “line of death”. If you’re holding on to Bitcoin, you might want to ask yourself: are you prepared to lose all you have gained?
The truth is no one knows what bitcoin will do in relation to fiat. That said, from what I've seen the pattern isn't as he describes. Follow the halving cycles not the price movement. Then you have to factor in the state actions people are expecting Trump to take. Those will affect things as well.
The biggest flaw here is the focus on price instead of utility. This guy clearly doesn't understand that aspect.
Why I’m Sounding The Alarm: With the U.S. facing the real possibility of a recession in 2025, and Bitcoin’s history of plummeting during market turmoil (don’t forget the 63% drop during Covid), it’s time to be honest with ourselves. Bitcoin is not the secure asset it’s been made out to be. If you’re still betting the farm on it, you might want to seriously think again. Don’t let the hype and promises of easy riches fool you. The crash could be coming a lot sooner than you think.
He mentions the crash during covid but doesn't mention the massive increase. This post isn't all bad but missed the point massively
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