No cause for long term concern...Rest easy with BTC

2022年9月28日

If you've noticed the blue trend line that I have added to illustrate, it dates back all the way to 2017. I only went back 5 years to make the picture work, the truth is, I could have gone back to the beginning of BTC existence and it will give the same answer.

Notice that we still have a ton of room further to the downside before we get anywhere near creating a "lower low" on the long term macro level. It does indicate that we may have further downside. Maybe even as low as 8K range, however, it also indicates that BTC has stayed in a gradual, sleek, and profitable uptrend(higher lows and higher highs) for everyone that engaged... What this means in plain English is that THE ONLY THING YOU COULD DO WRONG WITH BITCOIN SO FAR WAS TO SELL IT. For me the most important factors for thinking about BTC are simply the overall chart pattern, the hash rates, and the adoption rates...everything else is just noise.

Lastly, to those who would wish to shut down/stifle/control/suppress or otherwise molest BTC(the people's currency), I ask you:

Has any tyrant ever survived? Did Hitler outlive "the people" or did "the people" outlive Hitler?
Did Mussolini outlive "the people" or did "the people" outlive Mussolini?
Muammar Gadhafi?
Saddam Hussein?
Nicolae Ceausescu?
Pontius Pilot?
...The people always win...Stand on BTC!