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Bear market, Bitcoin (BTC), Bitcoin price, Black Thursday, bottom, BTC, bull run, chart, Colin Talks Crypto, Dave Levine, December 2018, Ethereum (ETH), March 12, 2020 Day, plan B, price cycle, stock-maximum flow
Although the price of Bitcoin has been stable for some time, the bulls have tried from time to time to push the price to the psychological all-time high set in March. At the same time, some Bitcoin manufacturers have been saying that the bull market is “just getting started” even though the price has risen a lot. Financial entrepreneur Dave Levine insists that the bottom is back in December 2018, and he is firm on these claims. As far as the bull market is concerned, Levin believes wholeheartedly: “This is the third year of the bull market. The top of the seventh inning.”
For a group of investors who have been watching asset growth non-stop, this is natural. They believe that assets will continue to rise for a long time. Of course, many proponents of cryptocurrency are all about the “long-term game” and are willing to hold their crypto assets for 5, 10, or even 20 years or more. There are also many people who have high expectations for the current bull market, and the price forecast exceeds six digits at this year’s high.
For example, there is a notorious creator of the Bitcoin Stock Circulation (S2F) price model “Plan B” (@100trillionusd) Who is very confident in their model. Then at the end of March, Plan B stated that he believed that “we are only 4 months away from the bull market and it is not near the end.” He added that “Bitcoin is just getting started.” Many people who responded to the Plan B tweet believed it. He, and agreed with his assessment. However, not everyone agrees with his views and opinions that the bull market is only 4 months old.
Financial entrepreneur Dave Levine responded to the Plan B tweet on March 26 and completely disagrees with him. “The bottom is [December 2018] It’s priced at $3,000,” Levine emphasized tweet. “Since then, this has been a very smooth curve. This is the third year of the Bulls. The top of the seventh game. It is not over yet, but it is too late to buy more things now. Think this is the beginning and now Novices who start buying will become REKT.” Levine added.
Levin even made a video on the subject and explained in detail why he thought the “just getting started” statement of Plan B was irresponsible. Levine was right about the bottom of the leading crypto asset because it fell to a low of $3,100 per unit on December 18, 2018. Now people may be confused by the Black Swan incident that occurred on March 12, 2020, which is the so-called “Black Thursday. At that time, BTC did fall to the lowest point of $3,000, but every asset, security, and stock of the day And the value of the commodity fell in one breath.
“In this video, I give [Plan B] Some tweets, ** Say. “‘Bitcoin is not’ just beginning.” The bull market started in 2019, and the danger is not to let newbies know that they are late to the current encryption cycle,” Levine further elaborated on April 9.
Levine’s video discusses how many cryptocurrency fans are smart, but some digital currency investors are following the hype. “They like graphs because this is what they have…it has nothing to do with Bitcoin, right? Unlike Ethereum, you actually have an economy. Therefore, they like graphs, and they like straight-up graphs. I hate one A straight-up chart. Levine insists, especially if I want to go in.
The entrepreneur is a supporter of the Ethereum (ETH) network, and his content expresses this on many occasions. Some cryptocurrency supporters may even reject Levine’s views because of Levine’s preference for ETH. However, some digital asset proponents agreed with Levine’s views and responded to what he said on Twitter. For example, the popular cryptocurrency Youtuber in the show “Colin Talks Crypto” responded to Levine’s tweet about the current encryption cycle.
“You are absolutely right,” Colin write. “We are in the middle of a bull market, not at the beginning. Anyone who uses this exaggerated term and says “we are just getting started” will mislead newcomers to buy, at least in terms of the current Bitcoin price cycle. Until I shot a video on the subject. Similar concept. “Why don’t I recommend my friends to buy BTC now.” “I shared the story of a friend of mine. His friend participated in the Bulls mid-game. What happened to him.”
We don’t know when these timetables will officially start, because many observers have different opinions, especially when they enter the market early. Moreover, we don’t know what the top will be during the boot process, and we don’t know when it will happen.
What we know is that there will be many topical conversations on both sides of the fence. In the end, it is up to individuals to decide whether they will become cryptocurrency investors within this time frame. People should listen to both explanations and come up with their own reasoning, such as listening to FUD or hype. Just accepting it may not be a good idea. Watch Dave Levine’s video below to see what he has to say about Plan B’s “just started” statement.
What are your thoughts on Dave Levine’s latest video? Let us know your thoughts on this topic in the comments section below.
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