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mister_monster204d ago
Bitcoin block space demand is at a 14 year low while the price is just below it's ATH that it broke a week ago. These two happening at the same time is a very troubling thing. At the same time, MicroStrategy is leveraging their entire company on the run up. It's a house of cards multiple times bigger than any exchange exit scam you've seen in any cycle before. Is this the cycle when we rug the banks? Until recently I've been thinking not, that we had one more, but it really does look like it. For reference: 📝 ee39f030…
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mister_monster204d ago
Don't know if that's going to happen. It will, eventually, but I can't say I believe it will be very soon. When what I've predicted occurs, and I now am leaning towards saying next year is when it starts, it's going to suck a lot of faith out of cryptocurrency in general. Of course us xmr guys know better, but the number go up and degens dont. With faith goes capital. After that is when some people will begin to discover other ways of doing things that make more sense. I think this is when the cool stuff rises from the ashes, the cryptocurrency market decouples from bitcoin and all the different assets with any type of real utility begin to follow their own market trends, and obviously xmr is primed to shine, but I don't know how long it's going to take to get to that point. Could be a protracted bear, it could even take as long as the current sypercycle we are in, so 15 years, I have no idea. I do expect though that by then or shortly after bitcoin will have had a hard fork to remove the hard cap to maintain relevance, probably in vain.
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