AskLeo - Where Are We(Crypto Market) on The Cheat Sheet?

acesontop in #hive-167922 • 2 years ago

It's been a long time since I had some of these #askleo posts of mine and it's probably time for another one. I guess I should do them more often as they were quite engaging, if I remember correctly. From what I know @alexvan is pretty much the only one who still does em...

While I, the damn founder of the # have abandoned such a series of posts like a damn loser. Anyway, the topic I want to discuss today in this post, and hopefully get as many opinions around it as possible, from the crypto community on @leofinance, is: where the hell is the crypto market's current performance sitting on the Wall Street Cheat Sheet?

Chances are you probably know about this sheet already. It's a sort of "psychological map" of how markets usually behave when following their cycles. The crypto market has pretty much respected this pattern and my belief is that it still does.

So... Long story short... Where we at?

Well, you can bet all your money that we are in the disbelief stage right now. Actually, don't bet any money on anything, but you should know that my take is the crypto market is at the disbelief stage right now. Why?

Simply because the majority does not believe in the rally we've been having since BTC found its absolute bottom at $16,000. The majority is still expecting BTC to fall back to $10,000 or $12,000. They all expect the crypto market to "not perform" due to high inflation, looming recession, and conflictual situations from around the world.

However...

Bitcoin has been designed for these exact situations and scenarios. If all would have been pink around us and worked flawlessly(the financial system included) we would not even need Bitcoin. Hence, we can say that Bitcoin was created by Satoshi Nakamoto at the perfect time.

we are there...

Now I don't remember exactly what my feelings were back in 2019 when the crypto market started rebounding but I sure remember early 2020, and the level of uncertainty and doubt that we had back then is pretty much the same nowadays.

I will go even further and "forecast" that the current bull market will replicate the 2015 one rather than the bull 2019-2021 market.

This is just my gut feeling and my poor analysis for this post. I don't have any TA to back my words, but I'm sure you will find plenty of that on Twitter. I am very curious though in finding out what's your take on the topic. So, don't be shy, share your thoughts with us.

Thanks for your attention,
Adrian

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#askleo #bitcoin #hodl #vyb #pob #posh #ctp #cent #leofinance

2 years ago in #hive-167922 by acesontop

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alexvan 2 years ago

Nice to see you coming back to the roots.

It is not really repeating itself, but more it has a sinusoidal form, with higher amplitudes on each move. No one can tell, and no one can tell if we will see a crypto boom in the next 5 years, based on any analysis whatsoever.

There was one guy in history who could really beat the market and brought science and mathematics to investing, and this was Jim Simons. He did not higher financial advisors, but PHD in mathematics, physics and other science related topics, and he made 60% each year over 30 years.

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skiptvads 2 years ago

I think that we are at anger, its possible that 15k was the bottom but there still one leg down after it reach the 27-29 that puts everyone in doubt stage and then starts going up towards the end of Q2, but its almost to what you said, we are closer to the bottom than the top

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