Replies to post #53112 on Bitcoin (BTCUSD)

[nowwhat2]

EXACTLY !.......


Yes,


It MAY be that Bitcoin gets considered a safe haven compared to the status of equities........

OR, it may be that Bitcoins' 50,000 Level, gets considered to be the equivilent of equities.......

Which is more likely ?.......Well, the FORMER is more likely for 2 reasons :

1) Bitcoin hasn't HIT yet its' all time high and
2) The world is awash in fiat and debt


OR, lastly, it may be that both Bitcoin AND equities don't give hoot about all time high levels and BOTH of them continue to climb.


No wait - Not lastly (because there are other scenarios alsp (of course), for eg. '


Bitcoin COULD (continue to) get considered as one of the best (if not THE best) wealth pump "mechanisms" or "levers" in the history of the planet exceeding the tulips by an unfathomable magnitude (the "fact" that there's only just 21 million of 'em, their halving, the fiat debt, real estate prices, social media, etc), etc.



Yeah no that last one there - That one's a biggie........





Regardless, WHATEVER the "funnymental" case one can come up with for it's reason to climb, basic CHARTS are THE (an excellent / MY personally BEST) tool for determining whether or nor it is happening.













MARCH 16th 2023...........* Holy, will ya look at when I posted a reaper !.........(that March was volatile !)





Also posted ;



March 16th








Anyways ;






Meanwhile..............(11 months later) ;




TOKYO, Japan

......1971.....or in other words, that is a 50 year chart !






Not to mention The Nasdaq since IT could factor in also ;





Altho I dunno eh like, 'cuz I'm just playing with crayons.......







Oh, wait a minute......Probably shouldn't really leave out that China there neither ;












Extraordinary times.............and like ya' say - Supply and demand