It seems like a whole eternity when we had number of articles here on counting number of days when Bitcoin held the $10 000 price level. We were commenting on the number of time it got rejected at 10 400 and there were a ton of articles with Fibonacci figures, support levels and resistance levels.
Well this was only four months ago!
Now we see that doomsday-ers are trying to be all out - Paul Krugman, Christine Lagarde from the ECB among others. Paul Krugman is one of my favorites - he would repeat something endlessly until he feels there is a moment to come out and say "I told you so". Perhaps if we crash to 40 000 USD tomorrow, he will be first inline to do so.
As I have commented many times - it is a matter of fundamental story and Bitcoin's scarcity has been, is and will be its top characteristic in the future.
While I would not like to have my words treated as an investment advice, I will keep stating that I will continue to accumulate in various ways small amounts and HODL. I have done it for years and I plan to do so until 2025 - this is the time when I plan to start considering selling Bitcoin for fiat.
My old Innosilicon keeps working again in the garage. Hobby mining is full scale. The other I saw a posting on Facebook about someone buying 1000 Antminer S9 ASICs and breaking even in a week on 0.06 cent/KwH electricity
The new old favorite trend line - Bitcoin is not money or asset because it is too unstable unlike fiat. So all of side fiat is stable? Stable against what? Fiat is stable only against other fiat - like EUR, USD, GBP, JPY and CHF, but is completely unstable against stock markets, commodities, gold, real estate ..... and Bitcoin. What is the driving all these markets? The solid foundation of the global economy? The firms believe of fiat stability and ability of central banks to hold inflation? No, what is driving these markets is the flight from fiat to "hard" assets, which may form even the slightest inflation shelter. And yes, Bitcoin is deflationary in its nature.
So...happy HODLing and accumulating to all of you!
