WhPosts: 27 · Reputation: 187
Hey everyone,
As someone who's been banned or shadow-banned on reddit.com/r/bitcoinmarkets, I'm really hoping for some open discussion here.
I've been keeping an eye on Bitcoin since the market crash in early 2020. I missed my chance to jump in then, but I've been watching the price closely ever since. Lately, I've been getting more and more worried about a few trends:
- Price fluctuations: BTC can still plunge by 20 or 30 percent in no time, but those quick recoveries seem to be a thing of the past. It's like the price action is stuck in this "distribution" phase, making it tough for swing traders who just want to buy low, hold for a bit, and sell for a profit. It feels like BTC is now more of a long-term hold, and honestly, it’s kind of a tricky asset to manage.
- Adoption: The number of "active" and "new" addresses has been all over the place, but overall it feels stagnant, maybe even declining. I don’t know anyone who actually uses BTC for payments regularly. The businesses accepting BTC seem more focused on marketing than real-world transactions. It’s still pretty nonexistent out there.
- Ambassadors: Anyone know what A. Antonopoulos is up to? Why did he stop posting videos on YouTube? I can't shake the feeling that something's off. Did he realize that BTC might not be the big big deal as the "internet of money" he once thought?
PPosts: 511 · Reputation: 1890
Direction of volatility has been so discouraging for swing traders who're holding positions within the a cycle of the short term. A lot of them had held patiently uncontrollably and while the price keep Dipping, they manages to sell on the under panic even at lost.
At this right time traders must have come to agree that they've been on the extreme risk of investing their funds within a short term interval of expecting to sell.
Now they're all scampered contemplating whether to sell or exercise some patient and in the few they keep regretting why they didn't sell at the recent price.
Meanwhile at this point of the bear market investors are buying instead of panic.
OPosts: 423 · Reputation: 2314
I think his Patreon is still active. But even if he stops his activity altogether, I think there can be many reasons for that. From personal or family issues or something else entirely, not necessarily because he sold all his coins. I'd be worried if his exit makes the market crumble if it did happen, though, because it suggests that the network only has values if he is active. He doesn't have to repeat his videos anyway if the message is still the same. CMIIW.
WhPosts: 27 · Reputation: 187
Thanks for your reply. Is it known what he talks about on his Patreon account?
I find it strange and mildly concerning that Antonopoulos did not briefly explain in a last Youtube video or elsewhere why he decided to stop contributing BTC-related content for a broad public audience.
As I reckon that he is a person of high integrity and ethical values, I find it hard to fight the suspicion that Antonopoulos prefers to remain silent rather than come up with a untruthful pretext for his withdrawal.
One could thus argue that if profane or private reasons were his motive, as a honest person, he could simply state this in a more or less direct fashion.
The fact that he has not done this is fuelling my admittedly entirely speculative worries that he may have doubts about the potential of BTC as a technology, investment, or both.
OPosts: 423 · Reputation: 2314
I don't have a Patreon account, so I can't check that, but as far as I can see, he does a monthly Q & A there. Well, maybe he doesn't stop contributing, just not via YouTube. Have you checked his social media or other channels? I won't argue much about whether he should speak more or not; nobody knows unless he talks anyway. Even if he starts doubting, I doubt the market will just crash because an og no longer believes in it. At the end of the day, we're responsible for our investment decisions.