Bitcoin is a Lie

Bitcoin Data Newsletter

Hello Everyone,

As you can tell by the title of this newsletter, this edition will be a bit different. This will be the most controversial piece I have ever written on Bitcoin, as I attempt to show you its true nature.

This article will require you to have a mind of steel and challenge your views on Bitcoin and the crypto space as a whole. If you are able to read this article and carefully consider that the information may be correct, you will become a powerful investor. If that is not for you, then do not read this. Continue to believe what you will.

Most of you reading this will already know who I am, but I feel I must give myself a degree of credibility to say these things.

I came to Bitcoin in 2018, not knowing much about it. Later, and especially during the periods of 2019-2020, I dedicated most of my time to learning everything about the space. I then purchased as much I could during that time as I foresaw its potential when others did not.

I was a heavy believer in the stock-to-flow model and I along with most people in the crypto space believed that Bitcoin would surpass 100k last cycle. However, I am also able to think for myself, and noticed that Bitcoin had probably topped in April 2021 at 64k shortly after it did. I then sold all of my crypto and left the Bitcoin space, only to return a year and a half later after the FTX crash when I was sure an event like this could mark a new investment opportunity. I then went all in again at 16.5k.

I was able to do this using long term data and indicators.

As time has passed, I have made some stark realizations about the crypto space. It paints itself as a savior, an escape from the evils of the central bank and fiat money. But the reality is, none of it is true.

It is likely that the way you view Bitcoin is something like this, as a revolutionary technology that will change the world. A new age store of value, internet gold. It is time to open your mind to peer behind the curtain. Bitcoin is a Lie.

A New Opportunity

Throughout time, humans have had the desire to take calculated risk, whether that be in terms of survival in ancient times, or monetary risks in modern times. Through calculated risk there is also potential reward, and the greater the risk the greater the potential reward to go along with it.

“The New York Stock Exchange traces its origins to the Buttonwood Agreement signed by 24 stockbrokers on May 17, 1792, as a response to the first financial panic in the young nation.” (www.nyse.com)

Since the inception of the stock market in 1792, it has made a new means of wealth creation through investing in particular companies. The better companies perform, the better your investments will do, thereby creating wealth through the risk of betting that a particular company will continue to perform well.

Bitcoin was originally created as a peer-to-peer money system. One that was decentralized and backed by a unique blockchain network.

But it quickly turned into something entirely different.

Bitcoin since has never been a good means for money, as it continues to be plagued with volatility. This is a terrible trait of any money, as there needs to be consistency when things are purchased.

Instead, Bitcoin became a revolutionary transfer of value, one that fulfills the desire for human’s calculated risk taking better than anything that has come before it.

When you invest in Bitcoin you don’t have to bet on people, or success of companies, instead you can bet on a technology (or so you think), and it’s open 24/7 365.

There are 2 things that make Bitcoin so attractive, the ability to make unprecedented returns, and it’s effective Ponzi like design.

HODL, WAGMI

Let’s make one thing very clear, the people that make real money, big money, in Bitcoin and crypto don’t subscribe to the silly narratives. They are playing a game, and you are the loser.

Unlike the stock market, Bitcoin has clearly operated on sentiment cycles.

The smart players use these cycles to their advantage, to buy when everyone thinks people are stupid for buying and sell when everyone thinks Bitcoin will never stop rising.

Also, unlike the stock market, you do not bet on a company, something that clearly has inherent value as companies create things. Instead, you are betting that someone will buy your coins at a higher price off you than what you paid for them.

It is a steam engine powered by greed. The halving stopped effecting the Bitcoin price long ago, greed cycles now drive it instead. You are only able to make money here because you take advantage of someone’s either, ill-knowledge or casino plagued mind buying it off you at the top. That person will lose money, and you will take it from them. That is how you win.

Through time, there have been narratives like HODLing (holding-on-for-dear-life), and WAGMI, we’re-all-gonna-make it. These things couldn’t be further from the truth.

The truth is, you are in competition with people like me, that watch the data and wait for someone to sell their coins at a loss to them, only to turn around and sell it to some other loser at the top that will hold those coins in progressively deeper loss until they can’t take the pain anymore.

They want you to think HODLing is an effective strategy, saying things like “Bitcoin has yet to see mass adoption, S-curve, super-cycle.” You think you are the smart one HODLing, you have fallen right into their trap.

Think about this, you have been told fiat is a bad corrupted system, that takes advantage of you. You should acquire as much Bitcoin as possible. Buy, no matter the price. NEVER sell.

It’s so effective. The people that do this push up the price, permanently. And this allows big players to offramp into fiat by selling to those that will buy at any price.

The reality is, fiat is a vital part of everyday life, whether you agree with the system of inflation or not. It allows you to eat, drink, have shelter. Everything vital to life depends on it.

But no, fiat is bad… give it to us… we will handle it for you.

The Crypto Influencer Crisis

The crypto space has amassed quite a bit of attention, as people exploit it for opportunity.

I myself am not exempt from this, but instead I am here to help you.

The crypto space does not promote people that help you, instead it promotes people that tell you what you want to hear because it makes you feel good.

The most popular being the ones that will always tell you to buy. Many of them with 1 million+ followers.

People praise them like deities and trust them not because they are accurate, but because telling you Bitcoin will go up makes you feel better.

During the last top, I cannot even count how many people were screaming at everyone in all caps that 100k was inevitable. BUY BUY BUY. Because… that makes their own money go up. Who would’ve thought?

They’re not telling you to buy so you can win, they’re telling you to buy so they can win. And it makes you feel good in the moment because someone who is seemingly important and knows what they are talking about is telling you if you buy at 60k, you are smart. Bitcoin will go to 100k at least. It’s so easy.

And then what happened? Those that followed, lost, and lost big. they watched all their money disappear right before their eyes. Most influencers don’t even acknowledge this and continue to tell you to buy.

Some might say, “My bad, whoopsie!” and then their audience will reassure them, “Its ok we all make mistakes!” These are calls that have major consequences for many people, and they are counting on you to forget.

I want you to think about what you’ve been told. Bitcoin is decentralized, hard invincible money, fiat is bad, 100k is inevitable, you will win.

It is a scam. You are the product. The only thing good about Bitcoin or ANY crypto is its ability for those that bought earlier, to sell to those later.

You Know Something is Off

Something doesn’t seem right with Bitcoin… the stock to flow model told us 100k was coming, S2FX said 250k! All in the last cycle. If you were here then you remember.

Bitcoin did none of that. It stopped short, at $69,000, so you have to justify it. “Oh but there was a lot of paper Bitcoin in the system and other things that held price from it’s true potential.”

I need you to look at the numbers, they are getting smaller! Returns are diminishing, that is the facts. The world’s greatest Ponzi cannot plow on forever.

You must convince everyone that Bitcoin is going higher in order to get them to both buy your coins off you and do so at great returns for yourself.

People are getting smarter.

Many that were hurt and misled last cycle are out for revenge, and ready to take profit. And there are more of them than ever before. The Bitcoin engine counts on those that buy at prices over the ATH to make gains for early investors, but that is getting harder to do.

Now instead of convincing someone to buy an asset worth a few thousand dollars, you have to convince them to buy something worth $70,000.

“But you don’t have to buy a whole one!” People want to anyways, that’s why coins worth less than cents are so popular. It gives the illusion that they have more of something.

It is highly likely that there is not much longer to take advantage of Bitcoin cycles, as it becomes harder to convince people to either repeat past mistakes of buying at high prices or get those that know nothing about Bitcoin to buy. The future of Bitcoin remains uncertain.

The Harsh Reality

You are not early to Bitcoin. Technology ages quickly. People like to tell you that you are early, but the truth is early was 8 years ago. They also like to tell you how successful you could’ve been if you would of bought Bitcoin at $10. You didn’t. And people that did aren’t holding onto it now. Time is running out.

The more emotionally attached you are to your investment, the more likely you are to make the wrong decisions and have clouded judgement. Bitcoin does a very good job of that, as more people are emotionally attached to it than any other investment in history.

The emotions keep the cycles going, fear and greed, over and over.

Bitcoin won’t change the world, it doesn’t beat the dollar, it’s not going to 1 million, and there is no guarantee of even 100k. You have been fed a bowl full of lies, that you will defend until your last dollar.

I am a rare specimen, as many people won’t tell you these things, the truth hurts adoption. Hurting adoption hurts their wallets, and their empires built on crypto.

I am able to be successful here not because I’m lucky, but because my psychology is completely inverted. I think nothing like the masses, I get excited when Bitcoin tanks to lows on news for a buying opportunity. I get worried when Bitcoin reaches new highs and price skyrockets. I look forward to those that disagree with me when I announce my decisions to buy and sell as I know the more people that do, the more right I probably am.

My mission is not to be right, it’s to make good informed decisions based on long term data, and be happy with the outcome. Bitcoin is a tool. I am patient. I understand optimal times to buy and sell and I will wait for them.

The more you listen to the stories, (Bitcoin to 1 million, Bitcoin mass adoption, Bitcoin S-curve, Bitcoin super cycle, Bitcoin hard sound money, Bitcoin can’t be inflated, the Dollar is bad Bitcoin is good, Bitcoin will save the world.” The more programmed you will become, the more emotionally attached you become to your investment, the more likely you are to buy and never sell, the more likely you become another cog in the machine. One that vacuums all the money you willingly give it.

Bitcoin is a Lie, but you know the truth.

Thanks for reading this issue of the Bitcoin Data Newsletter. This one is a tough pill to swallow but can turn you into a formidable investor. The Bitcoin Data Newsletter Premium will release later today where I will break down data and market psychology to determine whether now is more like 2019, or 2015 for Bitcoin.

Good luck to everyone on their own individual journey!

Best Wishes,

CryptoCon