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0 sats \ 2 replies \ @028559d218 10 Mar \ parent \ on: Market Prices Are Truth: What is BTC/USD Telling Us? bitcoin
until the overall education level improves considerably (and i believe it will eventually) the 'market' is in no position to price bitcoin accordingly. the 'bear markets' and 'crashes' are the way of the market feeling out and figuring out what if any risk factors bitcoin has. after bitcoin 'crashed' post ftx... regular people (idiots) said that 'crypto was dead' and by extension bitcoin 'was dead' without being able to differentiate between the 2.
after the memecoins and nft nonsense washes up the bitcoin protocol simply... remains and keeps working. that's what gives it value and imo risk-off qualities but speculators have to go through these cycles to understand that
Generally agree with you. But the market price is the market price.
While I believe bitcoin is worth more than $500k/coin, the market will only give me $78k for that coin should I require trading my money for a car or a banana.
Hopefully over time, more people will understand bitcoin's value, but it increasingly looks like the market rate of increase in price is slowing dramatically cycle after cycle.
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the market rate is wrong. in my opinion way wrong.
imo bitcoin has just begun it is a 130-year experiment and it's year 16.
in addition, look at the broader US markets they are down significantly since the inauguration and self-imposed trade barriers to the G7
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