I'll admit I didn't expect that and why not ... because of that fomo bubble from last year; all the time I was saying; it's a bubble we need to come down to touch the lower long term trend line ... which is what just happened
and ... once that happens, that's when we can start the bull run to the moon, for real this time, that's what i said all 2019 ... but, now that we are here and I see the exact same thing happening; another bull run for no reason whatsoever ... that's not good, that's not why it's important to have a bottom, not to make the bounce upwards even more spectacular, but to push all the bad actors out; at least 3/4 of the exchanges need to go broke; that needs to happen first ...
what changed? what makes bitcoin better as it was last year? nothing changed, not 1 single problem has been solved ... this is not natural, this is not healthy
name me 1 single problem that has actually been solved since last month or the last year ... or the last 10 fucking years by now; hardly anything; bitcoin is not improving, bitcoin is not better than paypal, I want bitcoin to be better than paypal, but ... it's not !!!
so ... well, wait and see if they can pump it up all the way to 14K, if they can pull that off, ok then ... I'm all in as well, as that would be enough to trigger all the hedge fund managers, that's the signal the institutional investors are waiting for, so if that happens ... 100k in no time ... but we're not there yet
and don't get me wrong; I actually think it's more likely that this is it and we're about to shoot to 100k in no time, but ... it's not what I want
I want to see a prolonged bottom, it doesn't have to crash even lower, no, but it has to bounce up and down between 6k and 8k or so ... for at least a few months; that's what this ecosystem needs to heal itself
we need a bottom period to solve the problems, otherwise we're just fooling ourselves
in theory bitcoin is better as fiat, but in reality; at this stage; crypto is a million times worse than fiat; we need a prolonged bottom period to cleanse the crypto ecosystem
so ... let's not be stupid and greedy, but smart and responsible and HOPE we're back at 6k by next week
I do worry we'll hit 20k soon, because you guys are a bunch of fucking wankers ... but I hope we stay below the 10k for a while first ...
and why ?!? so the next peak will be 380k instead of 240k ... it's better in the long run !!
but ok ... if we do hit 14K ... that's it then; that's when all the big money is going to pour in and we'll be at 100k in no time