<div class="bbWrapper">Hmm.... Going to try to condense lots of thoughts into digestible stuff.<br />
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<b>I'm short term Bullish</b>: Expecting a bounce due in the coming weeks as its quite oversold.<br />
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<b>I'm mid-term (next 2 - 24 months) Bearish</b>: I'm expecting yet another lower high when the bounce tops out and then sells off and forms another lower high.<br />
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<b>Long Term</b>: I am on the fence on Bitcoin, and ultra super bullish on BLOCKCHAIN. (Notice I did not say crypto-currency lol.) I am ultra bull'ish on the platforms and tech that will be brought upon in the coming 5-10 years by Blockchain and of course, coins associated with the varying tech will print out huge gains.<br />
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On the fence with Bitcoin long-term? Yeah... If I imagine myself as an Alien looking down on earth from 200,000 ft...<br />
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<b>Why waste so much energy running something that will only get more wasteful when you can get the same exact result/utility (if not better) from many many different alternatives that is a way smaller fraction of waste?</b><br />
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(imagine if what we are seeing now is Napster and Limewire... and relying on dial up tech was the thing holding all of this back. Are you tired of Bitcoin being the ruler of all Alts? If Bitcoin can't sustain itself and therefore it's price falls, is that a fair representation of some life changing breakthrough tech, app, etc. that xxxx coin/company just did? When broadband tech got better and better and more available, cheaper.... eventually, you let go of that controlling 'Gate Keeper'.. I think this disconnection of Bitcoin being the gate keeper will eventually unfold... eventually lol)<br />
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Ironically; the reason why Homo Sapiens have advanced as a dominant being is because we solve the very same question above, we continually strive to create better, faster, more efficient in almost every aspect of life: tech, cars, energy, food, entertainment, phones, etc.. (hell, even our children, we always want our children to become better versions of ourselves).<br />
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This isn't 2015 or 2017 Bitcoin anymore; I believe we are approaching a crossroads where The "Store of Value" will begin to belong to The Asset That Indeed Has The Most Value Because It Gives The Most Value because..... blockchain is a functioning tech, not some pretty cosmetic stone or finite earth element, it has utility like a wifi router. (<b>dun dunnn... Is this me calling for the great flippening to happen in the next or after next bull run?</b>). I also believe that Bitcoin from this bull run will in hindsight prove one thing, that Bitcoin should not be used as a store of value like Gold nor an inflation hedge <there I said it <a href="https://www.thefastlaneforum.com/community/members/4862/" class="username" data-xf-init="member-tooltip" data-user-id="4862" data-username="@Kak">@Kak</a> lol><br />
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(I'm a bit short on time, but I will eventually come and write much more about what was said above sooner than later. Probably in 2024 when crypto is boring and forgotten again and no one gives this thread any attention but 5 people lol *achem* 2019)<br />
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Some market Fundamentals on my mid-term (2 - 24 month) Bearish case:<br />
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1. The Fed will eventually ease back on QE. They will also eventually raise interest rates. Will it be by end of 2021, or in 2022? Don't know.. but it's an inevitable event to happen as we're clearly in the beginning of the Economic Expansion stage when looking at the Business Cycle chart. Smart money will continue to pull profit by profit as we approach closer and closer to this event; esp as the big guys have an even more incentive to beat the date of an incoming capital gains hike.<br />
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2. Retail Oprah "And you get money! and you get money!" money is fading out. Aka Stimulus. Aka Unemployment money. Aka PPP, EIDL, etc. etc. Imo, the growth of the stock market will start to return to "normal" growth rates vs. the steep trajectory of upness from this past year's V bounce.<br />
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3. Inflation. It was cool to talk about inflation when very few were talking about inflation. Like... ya know... months ago in the fall and winter last year (*achem* when Bitcoin was "cheap" and didn't blow up the ATH). Now.. EVERYONE is talking about inflation including the grocery store clerk's grandma. Ironically and usually for whatever reason, the masses end up wrong. (I do not know why this is a phenomenon). This is why I believe this spike in Inflation we are seeing is temporary and is related to mostly Supply Chain issues, and the people betting that Bitcoin is "Inflation Hedge" will see the bear winter. Demand has risen for stuff, yes, a little bit, but not nearly as much as Supply being constrained from a temporary pandemic: production, manufacturing, and transporting on a global scale. I think in most industries, if you really dig and dig, you'll see that Supply is the ultimate root issue.<br />
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I believe "Inflation" drove this event of Bitcoin's bull run, and now that everybody believes "Inflation will only get worse" when it won't (of course there will always be the slow steady increase inflation but not Spikes or Hyperinflation as everyone talks about with their buzzwords on Tik Tok) is going to drive it back down because once the laggards who bought in late realize that Inflation is actually going back down when Supply Chain issues resolve in the coming 3-8 months, it will be too late.<br />
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<b>In short, Buy at the absolute lowest level of fear of inflation, and Sell at the peak of fear of Inflation</b>. And... guess where we were or currently at?<br />
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Guess what's on everybody's mind now as June approaches? CPI? Who even knew what a Consumer Price Index was before all this and knew what branch of govt. even released these reports.<br />
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Eh.. I'm prob forgetting a bit but getting too long and my fingers hurt so I'll be back lol</div>
