Michael R. Sullivan
· 81w
With every dip lower people become more demoralized.
The longer we chop the more people get exhausted and leave.
Leverage is getting flushed out over and over again.
It may not feel like the most e...
That’s fine but when 📈🔥🚀?
I’ve been hearing the same damn “be patient” “keep stackin’” taglines for the last 4 years.
It was there when we didn’t have the blowoff top. It was there as we entered the bear. It was there when FTX blew up. It was there with the ETFs were announced. Now it’s been 5 months since the halving and the price has gone down, consistently. “Still a great time to buy, though.”
“It’s always a good time to buy bitcoin.” Okay, yeah, but - dude - at some point it has to be the asymmetrical payoff to justify this level of stress.
It is about time for this thing to rip.