>>60078766
>>60078773
>>60078783
>>60078804
Wow lots of midwit takes in here actually. Also an oldfag - take my opinion with a grain of salt though anyway.
First of all OP is right about the
>There are no buyers
People have been parroting that since I got in in 2016. I know more on this than 99.9% of people because I know who's buying. But I think if everyone knew what I knew, these buyers wouldn't keep buying so I don't tell anyone about it. Also, you may guess who the buyers are by chance, but you will never guess why. If you knew why, you'd know they're buying, and they're buying large.
Second, yeah $10k is never going to happen. There aren't enough sellers in the world to get us to $10k. Anyone saying this is very obviously new. If it EVER sees $20k again, a few large buyers would scoop up every sat.
Third, OP you're wrong about a few things, like cycles being bigger than the last. The cycles get smaller each time. Which is expected and natural as BTC sees more adoption. Just compare the last few cycles. In 2017 we went from like a $200 bottom to $20k top (100x), while last cycle went from about $3k bottom to $69k top (23x).
Fourth, you're also (possibly) wrong about the alt rally. This cycle is different than the last several because BTC and alts have largely decoupled. Just look at ETH/BTC over the years. An alt rally may happen but I'm not hopeful it will be comparable to previous.
Granted people said this same thing in previous cycles and were wrong.
Fifth, OP you're right in that we haven't seen this cycle's top yet. Anyone following cycle theory should see this very clearly.

>>60078809
Not only has this been said 100 times. It's completely irrelevant. It "was programmed to be" an international settlement mechanism, which it's currently fulfilling and will continue to fulfill. It's value as "digital gold" (inflation hedge) is true, and calling it that is completely context dependent (why people get so confused on whether this is true or false).
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Oldfag here. I dunno why but I’m starting to think everyone has it wrong about this cycle. I’m starting to think yes it’s different but actually it’s…