Financelot: According to the MACD and Cycle Swing indicator, Bitcoin is now in a 12-18 month bear market. $BTC

How is life bitcoiners? You shall know, that bitcoin gets generated and is immediately sold by miners. Posts here are largely a marketing strategy for speculative asset that has no intrinsic value. It even has no wealth storage value if things start going bad.

Bitcoin correlation with stock market vs gold. https://pbs.twimg.com/media/GtaGlwtWoAEzZFE?format=png

The following quote is fromPeter Schiff. In response to Israel launching an airstrike against Iran, gold is up another $24 in early Asian trading, back above $3,410. Bitcoin, on the other hand, just tanked below $104.5K. Priced in gold, Bitcoin is now more than 15% below its Nov. 2021 peak. Bitcoin's failure to rise against gold—despite over 3.5 years of hype, including a dozen ETFs, Super Bowl ads, El Salvador, NFTs, tens of billions of leveraged buying by $MSTR, other Bitcoin treasury companies, the election of a Bitcoin president, and the establishment of a Bitcoin Strategic Reserve—is strong evidence that the bubble has peaked. A major top has been formed, as Bitcoin has been distributed from strong to weak hands. The whales have been cashing out to latecomers who will be left holding the bag.