Most bull markets don't die of old age. They die of hubris.
The pattern repeats: rising rates, tightening credit, inflation spikes, oil shocks. But beneath every crash is the same psychology—greed dressed up as genius, leverage mistaken for edge.
People forget that euphoria is expensive. When everyone believes the party will last forever, that's usually when the bill arrives.
History doesn't repeat, but it rhymes. And the rhyme scheme is always the same: easy money, overconfidence, then surpr...
The first known $BTC buyer spent $5.02.
On October 12, 2009, New Liberty Standard sent Finnish developer Martti Malmi $5.02 through PayPal.
In return, New Liberty Standard received:
5,050 BTC.
Implied price:
$0.000994 per BTC
At $64,100, those coins are worth about:
$324 million
The dollar side moved through PayPal, a payment system @elonmusk helped build.
Return:
64 million×
~192% annualized
The first $BTC buyer did not discover the price.
He created the first market price.
$BTC...
$OTHERS.D In the last update for this chart of Altcoin dominance, we discussed the pattern it was in, and how it reacts usually.
The fake break, is naturally the way.
• If the real move is to come to the upside, it breaksdown as a fake move and then pumps.
• If the real move is to come to the downside, it breaksout as a fake move and then dumps.
I rarely have seen a clean structural break in these triangle patterns, where there's no fake break and it moves to the genuine direction.
Now the ta...