Most people get confused about my Bull and Bear Tweets, Please don’t. I have been absolutely consistent in my position on bitcoin since Nov-2017, I always mentioned — Bitcoin is a 9 inning game. Currently we are in the 3rd inning. This is how it is being evolved.
Inning #1: The Moon Phase into the Futures — 2017
Bitcoin Run 2K to 20K — Everyone experienced it and I don’t need to explain this phase.
Gold’s “descent” & Bitcoin’s “ascent” is considered a “normal” event. It was not. Bitcoin moon rally was a “manufactured” event. You have right to get mad at me for saying this 😄 please keep reading.
Inning #2: The CRASH after the Futures — 2018
No one believed this will happen, but IT DID!! Now everyone believes it’s a natural correction. Good luck with that! This is just the 2nd inning.
Inning #3: Fractional Reserve Bitcoin
- If I am right: This is going to be the longest inning – Few Years.
- There will be MANY RALLIES in this inning.
- The goal here is to increase the Bitcoin supply & the volume on the futures market (study FR, Commingling, Rehypo & Derivatives)
- Expected Outcome is worst than the Crash phase = Disillusioned masses that start hating the asset itself (look at Gold)
Please read following posts before getting mad at me for saying “Bitcoin supply will increase”
Innings #4 to #8
Many possibilities here. It is too early to talk on this. Depending on when “They” lose control we may go to inning #9 straight away.
Inning #9: Bitcoin, Gold, Silver Moons
— The Game ends when “They” lose control over the Markets.
— The collapse is slow first, then sudden.
— The Fractional Reserve (Paper supply Ponzi) ends.
— Bitcoin, Gold, Silver moons.
Be warned this phase may also include societal collapse. Look at Venezuela — Gold and Bitcoin have mooned. Are people happy about that? Probably not. Both the assets have worked as an insurance.
Genesis of the 9 inning game theory
I can write a book on this. But let’s keep it short. I point out 2 simple examples from the recent History.
— Gaddafi lost his life & country for trying to create Gold-Backed Currency.
— Saddam lost his life & country for trying to back Oil with Euro.
Same applies to Bitcoin. Unfortunately, there is no CEO-of-Bitcoin who can be killed to destroy Bitcoin, therefore, REST ASSURED, there will be efforts to keep the Bitcoin pinned down. This is the genesis of 9 inning game theory. Current Inning #3 is the Key phase of this game.