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Magnum
493 posts

Magnum
@btcMagnum
Learning web development. See below for one of my projects.
Katılım Ocak 2025
64 Takip Edilen39 Takipçiler

@earth_tracker I don't think that word means what you think it means.
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Incredible that it was only 66 years from the first controlled, powered flight to landing on the Moon!
Wonder of Science@wonderofscience
These two photographs are separated by only 66 years.
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@BitcoinKnots Is there somewhere to get a layman's explanation of how to do this?
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Bitcoin Knots 29.2.knots20251110 released! 🎉
Be sure to verify your download(s)!
bitcoinknots.org/?29.2.20251110…
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@JoeNakamoto @LuganoPlanB GM. Great story. Would love to see that here.
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Saylor buying.
Carl buying.
El Salvador buying.
Texas buying.
Czech Central Bank buying.
U.S. Presidents son mining.
China mining hit ATH despite ban.
Mainstream Media: “#Bitcoin Is DeAd, sell everything.” 🤡
Don’t let yourself be fooled Bro!
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@Pledditor You are normally spot on. It’s hard to believe you can’t see the correlation between the halving cycle and the price.
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"OGs selling" or "4 year cycle" are such lame narratives to explain the price action.
IMO the better explanation is that traders like speculating on stories, and from 2023-2025, we were able to chain together a series of bullish narratives for bitcoin that swing traders were able to latch onto. We always had some sort of a carrot to dangle on the end of a stick that always kept the price action bullish for the short/medium term.
1. Early 2023: Gary Gensler going after shitcoins
2. Early 2023: "BItcoin Season 2"
3. Early 2023: Banking crisis
4. Mid 2023: BlackRock ETF filing
5. Late 2023: Cointelegraph fake news
6. Early 2024: ETF approval
7. Mid 2024: Halving
8. Mid 2024: Trump bitcoin conference speech
9. Late 2024: Trump election win
10. Late 2024: Sovereign wealth funds buying
11. Early 2025: SBR
12. Mid 2025: Paper Bitcoin Summer
I think the problem with the price action now is that the ETF at this point is old news, the SBR turned out to be a giant nothing burger, and the jig is up for the unprofitable companies who were only able to buy bitcoin by raising PIPEs and diluting shareholders. So what is the next bullish catalyst? I don't know. And I think the lack of a clear narrative for the medium term is why the traders are finally unwinding positions to chase whatever the next shiny object is.
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Brilliant article by @profplum99 - I don’t think this could have been articulated anyway possibly better.
yesigiveafig.com/p/part-1-my-li…
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