juraj on Nostr: Interesting how almost every Bitcoiner is so sure that there's an imminent bitcoin ...

Interesting how almost every Bitcoiner is so sure that there's an imminent bitcoin bull market coming.

I mean, I would like it, there's etf and halving hopium, but remember, it's all numerology and past cycles do not have to repeat.

Halving is more symbolic, the whole amount of coins that are mined per year are usually traded in less than a day, so it's not a significant price pressure.

Etfs depend on crazy bureaucrats and are going to bring people who will be misled into thinking they own bitcoin - if they happen at all.

And if it's so certain, we should be in the bull market now, it should by priced in, right?

For me, the most interesting question is what happens when the halving numerology fails for the first time? How many people will leave? Should they have entered in the first place?