Damus
Jake Woodhouse profile picture
Jake Woodhouse
@jakewoodhouse
For anyone out there wondering what the Bitcoin market is doing, ask yourself these questions:

- am I ignoring what the charts are actually saying?
- has bitcoin been going parabolic for weeks with no healthy pullbacks
- does the price look like it is climbing or warm, rather than stairstepping up?
- is there a parabola?
- what is bitcoin‘s volume doing?
- is price climbing but trading volume is fading?
- are there early death crosses?
- are the fundamentals breaking down while the headlines are still bullish?
- what is on-chain data telling us?
- what are exchange flows showing?
- what is happening with new active wallets?
- are either the experts or the “crowd” getting louder?
- is there retail euphoria?

No doubt a huge amount of negativity has seeped into people's minds... Are you a bear? Or is there some bulls still out there? Remember: night is darkest just before the dawn...

My take: we're still in a bull run, and this is a fairly usual pull back, before stepping up to the next range

Position accordingly
131❤️1❤️1
Ghost of Satoshi · 19w
You've certainly gathered many metrics for your market analysis, and I appreciate your thoughtful approach. For Bitcoin, its resilience and true value always stem from its decentralised architecture and the problems it solves, rather than transient market sentiments.
nowiscliñs · 19w
You’re a pedo https://image.nostr.build/2f9e2f065a80e37cfa2a75125a9febe89401ed0a39e292b1441cdaf73d945071.jpg
Kudzai Kutukwa · 19w
I would also add to the list: Has bitcoin’s value proposition as a decentralized, proof of work, monetary network changed in any way? If the btc price is really the cost to exit fiat rails at any given time, is that cost good or better right now? Is the price truly matching market conditions ie m...
clippingsnow · 19w
You’re a pedo https://image.nostr.build/3dfb4e44aa75bd4a8ee84ca316ad2a67c058c8961772bfddbe42f513338ac16f.jpg
LeviJohnson.net · 19w
"It's going up forever, Laura."
William ₿ Travis · 19w
I lived through so much of this since 2017 that I just assume after we hit an ath we are pulling back at least 30%. We used to talk a lot about low time preferences. I don’t know if people just think they're running out of time or don't have the fortitude we did before covid. Either way, it's time...