CryptoMountaineer
1.6K posts
@MountaineerCT
Here to climb my way out of financial dependence to be able to give back to the world. Sharing food for thought tweets to improve your mental side of trading.
Bitcoin at 60K in July 2024 was a very different BTC than at 60K today. In July 2024, Trump raised his fist after his attempted assassination, guaranteeing his presidency, which was back then viewed as extemely bullish for markets. #Bitcoin began pricing this in immediately. In early 2024, spot Bitcoin ETFs had just been approved and a brand new wave of institutional capital was finally able to access $BTC. In July 2024, Microstrategy had an mNAV around 2 and were aggressively adding to their Bitcoin holdings. In late 2024, they began buying in borderline maniacal fashion. In 2024, the narrative of Bitcoin being a hedge against inflation was still very strong. Optimism was at an all time high and the sky was the limit. We were in price discovery and a $250,000 dollar price target felt a lot more realistic than zero. In 2026, Trump has already been fully priced into the market, and confidence in him has waned. In 2026, spot Bitcoin ETFs have seen 2.9 billion in outflows since mid January and roughly 8 billion since late 2025. Institutional capital is exiting, not providing a brand new influx of buying. In 2026, Microstrategy is heavily underwater and their mNAV often teeters on the 1.0 level, where their guidance claims they will no longer dilute shareholders to fund more Bitcoin purchases. In late 2025 into 2026, the inflation hedge narrative has struggled. Equities and commodities saw parabolic advances, while Bitcoin dumped repeatedly. This simultaneously has the major affect of hurting investor confidence. When you’re watching every asset class moon but yours, many leave the loser and chase the winners. Today, the once extreme optimism in Bitcoin has diminished, for many of the reasons discussed above. The all time high is in and there’s A LOT of work to do to get back to those levels. The market will NEED fresh catalysts and fresh buyers. This is something Bitcoin has overcome before, but the potential for returns back then was also much greater. Bitcoin at 60K is a very different investment than Bitcoin at the 3K or 15K bottoms. The multiples from those levels were still extremely attractive. The multiples from 60K are much less so in my opinion. This isn’t to call for the death of Bitcoin, but to provide you with perspective of where we’re currently at (through my lens of course). There will certainly be others with differing opinions and I hope your investments work out for you. I don’t think we’re going to zero, but I do this think recovery will take time, and I certainly don’t think we’re out of the deep waters just yet. Good luck my friends, be well.
The primary reason so many of you are deeply underwater on $BTC is that you refuse to see that it's not the same asset it was before 2024. You refuse to acknowledge Saylor's greed and the extreme risks he poses to the asset. You refuse to see the extreme overhead he's put in above 80K and how unattractive that makes the asset to many buyers. Why am I buying an asset where one guy with 3.5% of the supply is completely fucked. Many also refuse to see the Trump family's effect on BTC. Making America the "leader of crypto and Bitcoin" has pushed many buyers away. And many still refuse to see that the large multiple are behind us (something I've mentioned when we were over 100K numerous times). There is no more 100x possible, no more 10x unless many years and changes away. Yes, #Bitcoin still works the same as it always has, but extreme human greed has made it unattractive to investors (as you can see by price). "bottom tweet". Might be, doesn't matter, yall been "backing up the truck" since 90K, you've been wrong. Simple as that.
Notice the Gold and Silver dump came after the timeline was euphoric and bullish. And stocks and crypto green today after the timeline was extremely bearish and miserable. Emotions make trading so difficult because you often have to do the opposite of what you see and hear.
Crypto diehards likely need a reality check. Yes, you can make money in crypto. Yes, you can trade crypto. But crypto has been overshadowed by stocks and metals, flat out. The flaming ball of money has moved into AI stocks, space stocks, etc. Every week in stocks there's a new narrative doing 100%. That's where the money is and has been for a while now (especially since summer 2025~). Crypto was the easiest way to make money as a trader/investor for the past 10+ years, but the times of extreme outperformance are behind us. Bitcoin was $4,000 five years ago, $15,000 just three years ago, and now it's near $100,000. You're not early, the move is mostly done. Big investors and institutions saw opportunity for a liquid 3-10x and came in and milked the space. AI is the cool new thing on the block and every sector is taking it's turn pumping 100%. The AI bubble will continue until your 12 year old brother is making apps with 2 line prompts then we'll get a strong flush that takes months to reclaim, but overall AI is obviously here to stay. This isn't a crypto is dead tweet.. it will chop for months then print a major move within 1 week as it usually does, then chop for months again. But it is a tweet for my long-term loyal followers to tell you guys to explore other markets. You're not special for staying strictly crypto, you're not going to be "rewarded" for your loyalty like engagement farmers love to say. It's simply a foolish practice to ignore other markets that are providing better returns (and cleaner price action). Sitting around waiting weeks for crypto to print a fake breakout then full retrace isn't the play. Waiting for Saylor to blow his whole load over 2 days then watch the bullish PA fully retrace isn't the play. Not to mention all the other TCO's with like 115K average entry prices, fucking lmao. If the market doesn't save them soon, they'll fold and exit. Go ahead and say "bottom tweet", you've been saying it for months and haven't been right once. All I'm saying is there's a lot more out there. CT's performance as a space can go up significantly if we all venture out into the world rather than confine ourselves to a shit-ridden cage. I'll certainly lead by example once I'm in the mood to start actively posting trades again.
Green flags in people: They celebrate your wins Remember small things about you They respect your boundaries You feel energized after seeing them They listen without being defensive They allow you to be fully yourself They make you feel safe You don't have to watch what you say They support your goals
