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Архів дописів
stacker news ~bitcoin:
New PL Merch Store
stacker news ~bitcoin:
New Chess Puzzles feature at BitcoinHighSchool.com
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
I’m just going to say it; I think if bitcoin was really going to go meaningfully lower than $60,000…. Then it would’ve already done it $50k would be a miracle gift to us all and I don’t think we’re going to be that lucky The bears have been losing momentum since the capitulation back in February It’s the same denial to think that bears will magically regain strength at the bottom as when the bulls think they will regain strength at the top. It doesn’t work like that
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
The all-time high came before the having in 2024 for the first time in bitcoin history And we don’t think the bottom could be a little earlier in the summer because of the earlier start and overall weaker cycle that we had? I think it’s possible that we just double bottomed… I don’t think many people would expect that
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
You can always tell someone doesn’t have a grasp on Bitcoin’s cycle when they have to attribute the recent price action to something specific “Yeah, Iran totally crashed it recently, but once CLARITY passes it’ll end the bear market” Just stop it 😂 The cycle is just doing its thing right now
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
People who think Bitcoin is “failing as a currency” have no idea how monetization works in a society You can’t set out to just be a currency, right off the bat 😂 Thats putting the cart before the horse The store of value phase takes decades to incentivize enough people to even hold the money in the first place. Can’t use a money that no one has an incentive to hold Monetization is 3 phases and usually takes society 60-100+ years - Store of value - Medium of exchange - Unit of account Bitcoin ...
