Mark Moss argues Bitcoin's price holding through bad news signals the bottom is in, with sellers exhausted and large holders accumulating. Before you buy anything, ask yourself five questions: what am I buying and why, what am I expecting, and what will I do when it happens. Don't copy other people's portfolios.
We'd see Bitcoin go down based off of that, but Bitcoin barely even reacted. The reason why is the market absorbed that bad news and kept going because that's how bottoms behave. Bad news stops pushing price lower before good news starts pushing it higher. Here's my position. The sellers are exhausted, large holders are accumulating, and I believe Bitcoin's bottom is already in. Now look, this doesn't mean there won't be retests. It means that the sellers have now lost control of the market. Now when real demand returns, There may not be much supply standing in its way. What should you do before that happens? First, don't blindly copy Truck and Miller's portfolio. Don't copy anybody else's portfolio for that matter. All right. As I always say, you can't borrow conviction, so you got to build your own. So before you buy anything, ask yourself these 5 questions. 1, what am I buying and why? All right. 2, what am I expecting from this? Is it going up? Is it going down? What are the mechanics that would cause that to be true or cause that to happen? Over what timeframe am I expecting this to happen? And then What am I going to do when that happens?
