Funny how people change views 180 degrees when it comes to Bitcoin. I personally know quite a couple of them who went from it's a ponzi just a few years ago to well... it might be a good investment after all, lately.
Not too long ago Joe Rogan was saying in a podcast that he doesn't get Bitcoin and was asking for explanation on why would it be better than the dollar. It's that "palpable thing" that many are seeking to be convinced of before they actually get orange pilled.
Now, Joe Rogan is all over twitter for saying that Bitcoin is like "the early Internet, they tried to stop it and now it's a viable currency". The man got orange pilled and I bet many will come down the way, especially during the financial turmoiled times that we're getting into.
BTC however doesn't show much strength against the US dollar. As predicted a couple of days ago, Bitcoin is going down to the doubling curve. According to @edicted the doubling curve value of BTC for May is $36,267 and that's where I see it going.
BTC is changing hands currently at about $37,600, but the way I see it $37,000 is weak. $36k will look strong because everybody and their mother is expecting it to dip down to $30k and even lower at $20k, but I bet that's not in the cards for large institutions(whales).
It's not like they wouldn't scoop cheap BTC is possible, but they're not risking losing exposure by dumping it so they can buy back at $20k. That's how I see it. The weak hands need to be shaken off and that's what is going to happen. It always does, that's why they're called dumb money.
Plebs are the exit money and whales are the waves makers. I don't know if @toofasteddie has followed lately the activity of whales, it would be nice to have a report on what the top 100 BTC addresses are doing now, but my gut feeling tells me these are dumping way less than they're adding to their portfolios. The dumping is just for the sake of manipulating the market.
This post is vague and full of gut feelings, I know, rather than filled with unshakable data to support my statement, but time will confirm that BTC will visit the doubling curve of Edicted for this month. Don't be fooled and sell your BTC just so you could buy more at $20k.
That's what these greedy whales want from you and you will probably end on the sidelines holding a bunch of shitcoins and worthless cash. Just look at the world as it is right now, at the adoption of BTC and the need for it and it will make so much sense to hold some in case it catches on.
Conclusion: I'm putting BTC down to the doubling curve for this month. It's chopping time. What do you think?
Thanks for attention,*
Adrian