PlanB is basically saying relax. The bull run is about half over. This pullback should not be unexpected since BTC ran up for basically 6 months.
Stock-to-Flow saying all is normal.
https://cointelegraph.com/news/planb-speculates-that-btc-price-fall-doesn-t-mean-the-end
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Yea I don't think there is any danger. My dad was telling me last night to get the fuck of BTC before it crashes and I said, I am not selling because of a dip.
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Is your dad knowledgeable about crypto or does he just have a FUD I saw on tv outlook?
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Just the FUD on TV outlook most likely. He isn't really knowledgably about the crypto space but he isn't against me investing in it either.
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Yeah well I guess you have it as good as can be expected if one is somewhat neutral.
It is amazing how so many are viciously against it.
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Well my parents don't really care. I didn't get any allowance during my childhood so I am more financially conservative than most of my friends. In my parents opinion, earning money is fine so long as you are not doing anything illegal and pay taxes on it.
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Yea I have some friend who told me the same. I tried to put some sense into them but I know that at least one of them sold out.
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You need to tell them to have diamond hands like the people chasing after Gamestop. Its too bad that people just kept selling out and couldn't keep things under control.
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Yea, that's what I tell them all the time. I think the effect will be stronger when they start to see how much I have progressed. I'll keep sharing my restuls and preaching the word of crypto to them lol
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If we are half way along the bull run, then it should end somewhere in the autumn right?
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I think the low was March of last year so we are probably looking at a run into the Spring of next year if that is correct.
There can also be overshoots which could extend it further.
Right now, we need to get through this pullback.
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