What if Bitcoin has always been in a Bull Market. What if we are entering the Bear Market for the first time?
Among many things Bitcoin is a tremendously valuable asset, there is no doubt bitcoin is a token that heralds the birth of an industry. But what if we do not have the mass adoption necessary to sustain current prices? There has been speculative weather for some time now but for how long has bitcoin been a speculative market? Did it start with big exchanges introducing margin into the mix? Or when Tether began pumping prices? I'm not going pretend to have the answer of where the source of the problem is. However, I think it's self evident the technology is still in its infancy. Engineers have less than a preference for blockchain they downright ignore it. I see a lot of new ideas in the space that will redefine the future and some of them have actually manifest. But I am not seeing the masses flowing into the space like the previous cycles, and I am not seeing the technology get to a point where immutable, trustless systems are ready to be deployed on a widescale. The scale has been very selective and contained within the niche technology space.
The idea came to me that if this downward trend of a speculative market continuously correcting itself and consolidating up until the Halvening, we could be in store for a lackluster halvening. And that will spell absolute disaster for the market.
Among many things Bitcoin is a tremendously valuable asset, there is no doubt bitcoin is a token that heralds the birth of an industry. But what if we do not have the mass adoption necessary to sustain current prices? There has been speculative weather for some time now but for how long has bitcoin been a speculative market? Did it start with big exchanges introducing margin into the mix? Or when Tether began pumping prices? I'm not going pretend to have the answer of where the source of the problem is. However, I think it's self evident the technology is still in its infancy. Engineers have less than a preference for blockchain they downright ignore it. I see a lot of new ideas in the space that will redefine the future and some of them have actually manifest. But I am not seeing the masses flowing into the space like the previous cycles, and I am not seeing the technology get to a point where immutable, trustless systems are ready to be deployed on a widescale. The scale has been very selective and contained within the niche technology space.
The idea came to me that if this downward trend of a speculative market continuously correcting itself and consolidating up until the Halvening, we could be in store for a lackluster halvening. And that will spell absolute disaster for the market.
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