Hello!
One of my favorite Bitcoin analysts and OG is Willy Woo. I encourage you to follow him on twitter.
He posted a couple of days ago the following chart:
This chart is incredibly simple, it just compares the global liquidity against the Bitcoin price since 2013.
It is easy to assume that the more liquidity in the market the more money will flow to commodities and other assets.
Sometimes life is simple, the only thing you have to do is to accumulate cheap coins when there is a decrease in global liquidity and just wait until the last maximums are broken. That super SIMPLE.
But something can be SIMPLE, but not EASY.
And it is really hard to just stick to this fundamentals, too much noise in the market, too much noise in crypto twitter, impatience is everywhere.
This cycle will be the third in this chart, if it happens again it will be a massive signal.
Money is starting to flow all over the world, China specially has opened the gates of new printed money. The European Central Bank is thinking about another aggressive cut of rates, United States has already started cutting aggressively interest rates changing the direction of last years.
It's like a cocktail, everything is going according to plan, however the price of Bitcoin is correcting.
That's WHY it's hard to stick to the plan, you are tempted to move, to gamble. Don't do that.
Stick with Bitcoin or in our case Hive too, and don't play. Hard hands will get the rewards.
I hope you had a great day!
Posted Using InLeo Alpha