The Future of BTC USD Long Term Exponential Channel
You don't need a crystal ball to see that BTC price has been sitting in an invisible long term exponential channel. But how long will BTC do so?
While most traders here enjoy eating crayons and glue while drawing their chart ideas on TardingView, I decided to use the crayons to draw my colorful viewpoint.
The future of currency is fast, cheap transactions, lightweight, energy efficient.
In an Insta world, Bitcoin is relatively very slow with 7 transactions per second. Heavy miners consume a considerable percentage of world power supply, while today's BTC transaction fee is $19.50. This means that BTC can't be used as daily currency for majority of world transactions. "Digital Gold" is a poor argument as any crypto currency (digital ledger) with capped coin amount/inflation can be considered digital cold. It becomes a confidence game of musical chairs. If everyone is just holding BTC for price to go up, once a better crypto option gets movement and followers, then the HODLers realize they are missing out on profits elsewhere while sitting in a stagnant BTC, and proceed with selling to jump ships. This will cause downward spiral. Remember: no one actually needs to HODL crypto to buy stuff or transact in it.
These BTC hodlers realizing they have missed the boat on the next big thing while their BTC starts slow bleed price decline, will become very frustrated and look to make up lost time and profits by taking their holdings to an exchange and doing high leverage YOLO while eating crayons and glue. Bitmex (is it Bitmexico?) will welcome your tendies for some nice 100x action. No one has ever said going into a 100x position is boring, rather opposite, it's a great rush knowing that the smallest dip will liquidate you. But there is hope.... you are the chosen one that will be making it BIG.
Hope is humanity's greatest strength. Hope is humanity's greatest weakness.
For the 100x'ers, the power of leverage is definitely so much strong punching power that they can not control it. 100x is a memorable experience. Definitely remember your first big liquidation forever. I myself been liquidated over 400 times on Bitmex and elsewhere, first it hurts, then you get used to it, eventually you do not even feel the pain. It is this dark lava walk through hell, while re-depositing over and over, where you just must continue to run on lava through liquidation hell until you get tired of the leverage button and give up on it. I just ended up getting a crystal ball and improving my witchcraft practices, so now I can just see the future, as proven in my previous TardingView ideas.
Do not fear Bitcoin's future. If another coin comes through much better than Bitcoin and Bitcoin is just another 'digital HODL gold' where there is no price appreciation, and you realize you have lost profits elsewhere, you can just buy Dogecoin (since Dogecoin will overtake BTC market cap eventually (MARK MY WORDS)), or just 100x your holdings to make up lost time. Clearly 100x is risky, but who likes to wait to get rich? Slow is boring, fast is fun. We all know that boring life is a life wasted.
Life is a game of risk, not risking is the biggest risk. If you don't want to risk, you might as well pull out all your teeth so you do not bite your tongue and hit up a 401K with low risk. If you don't like risk, leave TardingView alone and do not go outside because you can die out there, life's short and you don't wanna waste life being dead.
If you lose out on BTC, be careful with 100x leverage, but try it couple times just to see how it feels to be zapped like a fly or make it big!
Don't worry TardingView traders, plenty of tards live kick azz lives! My ex boyfriend was tarded, he's a pilot now!
Cheers!
While most traders here enjoy eating crayons and glue while drawing their chart ideas on TardingView, I decided to use the crayons to draw my colorful viewpoint.
The future of currency is fast, cheap transactions, lightweight, energy efficient.
In an Insta world, Bitcoin is relatively very slow with 7 transactions per second. Heavy miners consume a considerable percentage of world power supply, while today's BTC transaction fee is $19.50. This means that BTC can't be used as daily currency for majority of world transactions. "Digital Gold" is a poor argument as any crypto currency (digital ledger) with capped coin amount/inflation can be considered digital cold. It becomes a confidence game of musical chairs. If everyone is just holding BTC for price to go up, once a better crypto option gets movement and followers, then the HODLers realize they are missing out on profits elsewhere while sitting in a stagnant BTC, and proceed with selling to jump ships. This will cause downward spiral. Remember: no one actually needs to HODL crypto to buy stuff or transact in it.
These BTC hodlers realizing they have missed the boat on the next big thing while their BTC starts slow bleed price decline, will become very frustrated and look to make up lost time and profits by taking their holdings to an exchange and doing high leverage YOLO while eating crayons and glue. Bitmex (is it Bitmexico?) will welcome your tendies for some nice 100x action. No one has ever said going into a 100x position is boring, rather opposite, it's a great rush knowing that the smallest dip will liquidate you. But there is hope.... you are the chosen one that will be making it BIG.
Hope is humanity's greatest strength. Hope is humanity's greatest weakness.
For the 100x'ers, the power of leverage is definitely so much strong punching power that they can not control it. 100x is a memorable experience. Definitely remember your first big liquidation forever. I myself been liquidated over 400 times on Bitmex and elsewhere, first it hurts, then you get used to it, eventually you do not even feel the pain. It is this dark lava walk through hell, while re-depositing over and over, where you just must continue to run on lava through liquidation hell until you get tired of the leverage button and give up on it. I just ended up getting a crystal ball and improving my witchcraft practices, so now I can just see the future, as proven in my previous TardingView ideas.
Do not fear Bitcoin's future. If another coin comes through much better than Bitcoin and Bitcoin is just another 'digital HODL gold' where there is no price appreciation, and you realize you have lost profits elsewhere, you can just buy Dogecoin (since Dogecoin will overtake BTC market cap eventually (MARK MY WORDS)), or just 100x your holdings to make up lost time. Clearly 100x is risky, but who likes to wait to get rich? Slow is boring, fast is fun. We all know that boring life is a life wasted.
Life is a game of risk, not risking is the biggest risk. If you don't want to risk, you might as well pull out all your teeth so you do not bite your tongue and hit up a 401K with low risk. If you don't like risk, leave TardingView alone and do not go outside because you can die out there, life's short and you don't wanna waste life being dead.
If you lose out on BTC, be careful with 100x leverage, but try it couple times just to see how it feels to be zapped like a fly or make it big!
Don't worry TardingView traders, plenty of tards live kick azz lives! My ex boyfriend was tarded, he's a pilot now!
Cheers!
rarible.com/token/0x...c20a8dfcc69cc168b85c
First time ever for me. Just trying what all ~20x traders in chat told me to do: Make it NFT!