frphank on Nostr: What fiat addiction looks like ...
What fiat addiction looks like
quoting nevent1q…58weI only check the bitcoin price a few times per week now under normal circumstances, but I saw a ton of people whining about it so of course I saw the recent breakdown.
I sometimes throw a few extra bucks at it on top of my normal dollar cost averaging when there are heightened liquidations.
In the prior consolidation, Bitcoin peaked in March 2024, consolidated for a while, then broke down in September 2024, before breaking out to the upside about a month later. Technical breakdowns mean little. Charts are useful sometimes, but mainly for those who don’t know what they own.
I like technical breakdowns when the fundamentals are still solid. It lets out froth. A lot of the post-election stuff is struggling, which is normal. That’s why I faded the hype originally. When all of it weakens, I’m still here.
Still adding for the long run.
