Could bitcoin change the perspective of viewing the market?
joeljaimes1982 -
2024-03-11 19:03:54
**The perspective and evolution of bitcoin has completely changed and could be on its way to starting a super cycle that will cause the price to skyrocket, marking new trends and movements that we could never have imagined.**
This reminds me that three weeks ago since his last video, the famous bitcoin investor, expert in market cycle analysis, Bob Loukas, has republished a very interesting analyzing the situation of the crypto and bitcoin market today and above all the possibility that this cycle is totally different from all previous ones.
After a brutal start to 2024 that has taken bitcoin to new all-time highs, reaching 72,000 on some exchanges on March 10, the theory is increasingly being reinforced that with the approval of ETFs along with the change in perspective in Regarding the value of bitcoin for society, it could leave us with a completely different cycle from the rest of bitcoin's history.
Returning to Bob Loukas who is an investor with 25 years of experience in trading specialized in technical market analysis, that is, in adapting his strategy to bearish and bullish market cycles to accumulate at the lowest points of each bearish market and then get ahead of every Bull Market before the market crashes a strategy that Bob has been sharing over the years.
Starting in the traditional market where he became very famous by anticipating the Great Bull run of gold from 2000 to 2011 and also in the crypto sector where he became quite interested in bitcoin, its evolution and the cycles in which it followed very similar patterns every 4 years. very important video to see which I will leave at the end of the publication.
Currently, bitcoin is going through a small bullrun and very briefly Bob Loukas had foreseen the arrival of the very important bullrun for bitcoin in which there were two possible scenarios, the first being the one that followed the other cycles in terms of timing, that is to say that its ceiling of the bull market was in mid-late 2025 and another in which, as a consequence of the Bitcoin ETF, it continued with the growth of 2023 to even manage to break historical highs before the halving.
This was a scenario that, if so, would be quite complicated to foresee since for the first time in history we would be facing a completely new cycle that would have been more than a year ahead of the previous ones and in which it would be much more difficult to foresee the moments ceiling and floor on the market, a fact that I have already mentioned in other publications.
On several occasions where the possibility that an event like this could leave us with a new cycle of which we hardly know anything and which could be much faster than the previous ones by having that beastly injection of capital and the truth is that once again Bob has been quite right And if we look at the price of bitcoin this week, it has managed to break its all-time high for the second time in a row.
I think it is the first time in history that it has happened since in all the previous cycles the price of bitcoin did not exceed maximums until some time after the halving, a movement that was repeated in the 2012 halving that could not exceed the maximum of the previous cycle until 2013 or as happened in the second halving, which also managed to exceed its historical maximum several months after the event.
Even in the third and last halving in which, after having reached maximums, bitcoin fell sharply in 2018 and although in 2019 it recovered well during the first half of the year, it ended up falling again and it would not be until 2020 when it surpassed its previous maximum, specifically in November of that same year, however on this occasion it has broken all predictions and schemes, exceeding its historical maximum even before the long-awaited halving, specifically almost 50 days before this event.
After registering a brutal start to the year, in which Bob Loukas' portfolio has accumulated more than 63% growth in terms of video, Bob begins the first part by revealing the portfolio he has in which he is following his cyclical strategy to which has called the Four year Journey model portfolio precisely referring to these four years between the different halvings.
A point that seems very interesting to me since in this first part you can see the success not only at the media level of this investor but also how his patience strategy and during the declines end up playing a key role in the benefits that can be obtained and support all his theories are in fact despite the fact that the price is not very up to date since when he published that video it was in February and since then bitcoin has not stopped rising.
In conclusion, Bob Loukas reveals to us that we should not despair when the price of an asset loses value. However, when an asset loses value, the best strategy is to continue buying gradually as long as the bear market continues. Currently, I do not know how much profit has been generated with The current prices but I do estimate that their total profit is around 2 million dollars.
If you are interested in watching Bob Loukas' Video| |-|
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[Original Bob Loukas video on youtube](https://youtube.com/@bobloukas3493?si=AYQH5LeViRofzNfT)
[Because the SEC wants to change..](https://steemit.com/hive-150122/@joeljaimes1982/because-the-sec-wants-to-change-the-in-kind-redemptions-model-to-cash-creates-in-order-to-accept-the-approval-of-bitcoin-etfs)
