Double Top? Halvening BTC doesn't matter!
Fun fact almost 19 Million BTC has been mined with only 21 Million total! Oh no is the market going to crash? Am I going to lose my satoshi's to the dollar just going parabolic and being 'money' again?
Well unfortunately the dollar hasn't been money since 1971. Perhaps we are at the double top with once again BTC fear setting in. With the last drop last April / May 2021 I didn't think the bull-run was over.
We all thought it was going to be over based upon previous movement. However, like I and Crypto Zombie has said is that a good majority of the Bitcoin has been mined. Whoever is playing around with it in these markets isn't too concerned about the halvening.
So perhaps indicators to look for:
Altcoins going nuts? Not really..
Is December the true top? Or is a pathetic limp November non rally..
At the end of the day nobody wants to be a bag holder, but sometimes the biggest risk is being left without some Bitcoin. I have noticed that MANY MANY of the youtuber's I have been following are getting into cross-chain play-to-earn models. Many of these streamers realize they have little to stream about when the markets are crashed and down.
Sure there will always be development during bear markets, but the excitement is in those 100x gainz.
Make or break I have been following this bull market since the start and to be honest I'm just bored. I don't trade, I don't swap.. I just sit and blog. This has something to do with the fiat dollar just losing value daily. I fear holding dollars as the end game the most.
The big hit to my ego was when BTC was at 64k and I was thinking of swapping within my Ledger. Well when I saw it would cost $9k just to swap to USDC or Even Tether I just stopped caring.
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This is the second time in one day that I have heard about a double top. I have never heard it before. The other time was about a different coin, but I still find it interesting. I don't know as though I understand it all, but it seems an odd coincidence.
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Just market indicators and trend lines. In crypto it rarely means anything unless you are trading the hourly or daily. It's all about trading for these guys and gals.. it's how they make their millions.
Ah, okay, I gotcha! That is definitely not me! Thanks for the info!
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I don't think we have any double top on BTC. People have been calling for it since May-June. You can always readjust lines to favor your bias.
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Honestly trend lines in crypto mean nothing. One day everything is green and another day you have 30% crash (which is normal). 30% crashes are not normal; but in crypto they are lol so we call it normal.
I'd say it's the total opposite. The halving is no longer from 25 coins per block to 12.5 and the ones that once were incentivized to sell high and buy low are taking in the consideration that they won't probably be able to pick these coins "that low anymore". Miners can have different ways of earning without actually selling Bitcoin. The HODL war has just begun. I don't see any double top at all. If this would be the case, although I doubt it, this bull market would probably be the worse in BTC's history.
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