₿ Le cycle de 4 ans n’a pas besoin d’être une loi physique pour rester utile.
Il suffit qu’assez d’acteurs continuent à se comporter pareil.
Les nouveaux achètent quand le risque a déjà été repricé à la hausse.
Les anciens distribuent quand la liquidité arrive.
I did not always believe in the four year cycle for Bitcoin.
I used to think it was silly, and that the market had to be more complicated than that.
But then the market proved me wrong. So I admitted I was wrong, learned from my mistakes, and became a better investor.
This cycle, a lot of new Bitcoiners faded the four year cycle and relentlessly mocked anyone calling for the bear market. For many of them, instead of recognizing they were wrong, they continue to laugh at anyone willing to discuss the simplicity of the four year cycle.
They are likely doomed to repeat the same mistakes in the future, since their ego gets in the way of them being able to admit that they were wrong.