I know a lot of people believe cycle theory is dead, and either the top is already in, or there wonβt be another mania phase ahead.
IMHO, both are just forms of βThis time is differentβ mentality, and whenever I see a consensus forming from both ends, it leads me to think that the most familiar pattern will repeat again, just to prove the most people wrong.
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The Greatest free marketing event for #Bitcoin is the Bull Cycle
It's a tradition, and the Bitcoin Industry will keep the cycle going
it might not be as intense as before, but the Running of the Bulls is a Bitcoin tradition
View quoted note β
"Did the Fed just confirm $758,010.97 Bitcoin?!"
I was just thinking the same thing.
The only correct answer is to not predict and just stay humble.
One can hope, but do not borrow on your hopes by spending money or credit prematurely based on a hope.

But with them being spread. They can't and wont all capitulate. Giving credence to a diminishing fall in price
I don't know which cycle theory you're referring to but ABCT (Austrian Business Cycle Theory) has, to my knowledge, yet to fail to predict and explain macro-economic observations.
what is the most familiar pattern π€ And is it in the room with us right now π€£
I'm going with hybrid cycle theory π€·
My theory: micro strategy or "strategy" or whatever this debt loaded highly leveraged company is called will go bust and this will create a huge opportunity for plebs to buy cheap SATs. Cheers guys!
You planning a boating accident?
Cycle theory is just a theory. Works different when rates are 0% for Bitcoins entire life than it does when weβre at 5% for three years
People just lack the ability to see nuance - weβre early
We're "overdue" for the next mania phase. But the longer it takes to arrive the higher the peak will be.
Though if the next mania market never arrives, there also won't be another bear market after so it'll help the network gain more trust. Either way we're on track to be around $250k in 16 months.
$420,069 by Halloween. Donβt ask me how I know this. π
