Have a question? Want to advertise? Something else? Contact us: [email protected]

From the Front Page


What Bitcoin Did #104 Why Bitcoin is in Heavy Accumulation with Tuur Demeester

Published on May 7th, 2019 by DSholla

Click to download audio version

“Thinking in Bitcoin is powerful, but it takes time. It is this mental switch.” — Tuur Demeester

  • Interview location: Skype
  • Interview date: Sunday 5th May, 2019
  • Company: Adamant Capital
  • Role: Founder/CEO

The bear market of 2018/2019 has been a particularly hard lesson for many who are new to Bitcoin. While the +84% drawdown has been similar to previous bear markets, the real numbers are brutal. Anyone buying a Bitcoin near $20,000 saw their asset lose over $16,000 and the low in the market.

Understanding market cycles and adapting to them is a lesson for all hodlers; there is evidence that the current bear market may be over, and we are entering a period of accumulation. With the recent push to +$6k and Bitcoin settling in the high $5k region, the low for this cycle may be in and therefore now might be the opportunity to start preparing for the next bull run.

Tuur Demeester’s recent report: Bitcoin in Heavy Accumulation is a detailed analysis of the market and data, concluding that whales may be accumulating ready for the next bull run, but this is not without risk.

I spoke with Tuur about the report, discussing evidence from the blockchain, historical data, risk analysis, how accumulation happens and the fundamentals which drive Bitcoin’s price.

This episode is also on:

Listen to more What Bitcoin Did episodes

Views: 4,051


Comments

Make sure to make use of the "downvote" button for any spammy posts, and the "upvote" feature for interesting conversation. Be excellent.

comments powered by Disqus