Ret interessant samtale jeg fandt på discord i dag, som jeg lige vil videre bringe
"Guy nr 1 : Was having a moment today trying to "plan" for the "next bear market", I'd love to hear about what you think about it.
I tend to think that one day, BTC "bubble" will pop, I do not know when, what price... I guess any high time frame chart + a huge blow off top and all my family buying some BTC will call the top.
When the time comes, I would be tempted to go back to stablecoins like UST and let time pass. But do you think those "stablecoin yield" projects will decouple from cryptos "because" those are stablecoin projects ? Thanks
One could think LUNA could moon even more because of the need to mint UST
Guy nr 2 :
First of all:
- Bubble popping - this is the first time in bitcoins history, the valuation increases are -not- bubble related. Corporations are legally allowed, and fully intent on converting a portion of their marketcap into crypto. Saylor just ran a >3000 person online event sharing the playbook on how to do it, with registered users of director or higher level using company emails.
What we are seeing is corporations front running each other.
- Be careful what you identify or accept as a "huge blow off top", anyone showing you a fractal prior to july 22th of 2020 and using it to compare to todays market is ignorant of the data and market dynamics.
Comparing our market trend to "before it was legal for corporations to hold bitcoin" to current trend of "not only is it legal for corporations to hold bitcoin but they are making -incredible- profits doing so
Luna is a hedge against dumps because when the volatility increases so too does demand for stablecoins which burns the luna supply to match it. The result is not dissimilar to yesterday where the whole market took a dump and luna remained up 10%.
Never prepare for a bear market, that is absolutely the wrong mentality, you should not prepare for what you will do when the market -is- bad, you need to prepare for identifying what confirms the market is turning bear.
Contrary to popular belief, the market -does not- exist in "bull" or a "bear" state. Most people don't even use these terms correctly much less have a means of metricing their existence outside of personal bias and public opinion.
Most people who talk about bulls and bears, do so simply as a means of personifying the "others" to negate their personal responsibility for making a bad trade. That sort of mindset is a slippery slope
Elon bought 1.5billions in bitcoin, and in the preceding 30days, that bitcoins purchase appreciated and has added more to the balance book that the last 14 years of tesla sales
We have Stripe onboarding, and immediately after their announcement paypal said they will announce their details "soon", that means every payment processing site is going to be forced to have access or they'll lose clients.
All of this builds legitimacy, as well as access through frontends that customers are used to and comfortable with...making adoption an easy pill to swallow"