Bitcoin Capitulation

17 дек. 2023 г.

Bitcoin has returned to its original bottom channel when market access was ambient at best, and hodlers didn’t really care or know much about what the future would hold. For hodlers, only time could tell. Rates were low, technology was transformative and infrastructure cheap. With declining supply and expected increased future demand, hodlers were sure to gamble an affordable loss. Now that we have returned to this channel, rates are high, infrastructure is expensive, and supply continues to fall with ever greater potential into the future while at the same time demand is buoyed by greater awareness, confidence, and market access to both sides of speculation in the underlying. This begs to question what effect the fed funds rate will exact on Bitcoin pricing ahead of today and what this channel means. Is it it a persistent patient ultimate bottom or a sporadic congruence of minds that is as whimsical in nature as the wallflower, here today, gone tomorrow?

What is your feeling about the overall valuation of Bitcoin, below $1 trillion as a valuable means of continuation in security transactions and asset management, in a world further and further connected and entrenched by the internet? Are you skeptical of tomorrow or optimistic? Is it cautious optimism? Please encourage yourself to question the speculator and help me understand why I feel this is a bottom, and that the speculation siding with an ultimate demise of cryptocurrency due to over-regulation and weakness in the system itself is a very big manipulation event by those who created it themselves.