PIVX Long-Term Double-Bottom (A New Form Of Money)PIVXBTC is now producing a double-bottom sequence by activating the same support level from which it went bullish back in May 2022. Incidentally, this is the same range from where trading started back in 2016 for this pair. We are looking at a major long-term support.
In 2022, in a period of just four months, PIVXBTC grew by a nice 880%. This was during a general bear-market but this time was also a recovery wave. At this same time many pairs produced a bounce only to continue lower after several months.
If PIVXBTC can grow 9X within a bear-market, how much can it grow if the market is bullish with positive conditions? In those days, negativity was taking over Crypto and the sentiment was pretty bad, things are different now.
Cryptocurrency is now mainstream and global adoption continues to expand. Cryptocurrencies are no longer something dark or scary, they are being recognized for what they are, a great piece of technology that people can use in many ways, and we use it and it works and it's great.
Needless to say, we love Crypto so let's see what the chart has to say.
We were talking about a double-bottom and the All-Time Low was hit mid-August, 2024. Just as new ATLs can be hit during bearish cycles, new All-Time Highs can be hit during bullish cycles.
The biggest assumption we are making is that these pairs, the projects, are not going to be ultra, mega strong but instead that they will be capped or limited in some way, this can be a mistake. The future is unpredictable, life is unpredictable and patterns repeat until they stop repeating just as it happened with Bitcoin.
Yes, we had clear and classic dynamics in the past but that was when the Altcoins market was in the dark. What will happen to the Altcoins market when the breaks are removed? What happens when we see the light?
We will have to wait to see of course but we've seen literally hundreds and hundreds of pairs growing 20X, 30X, 50X or more. This isn't something rare this is actually the norm.
Crypto is bought using fiat and fiat printing in the coming years is about to go out of control. How will this affect our market?
How would this new form of money be affected if it becomes the main medium of exchange all around the world? There are billions of us and we are ready; oh yes! We are ready for change, we are ready for freedom, we are ready for abundance, for happiness for growth. We are ready for enlightenment and we want to see people do whatever they want.
Life has been getting better and better for decades; no, centuries; life has been getting better for centuries and with technology, innovation and information, it is only going to get even better, so how humanity will look like in 3-4 decades we don't know. We just know that there is more prosperity now, there is more freedom now, there are more choices now than anything we can imagine a few hundred years ago. In the past it was only a few that had access to everything, now everybody can enjoy so much because of how fast we continue to evolve.
The Internet is part of this evolution and Cryptocurrency is the latest development in a trend that is leading toward the unfoldment of the human soul.
Imagine; free, sound, independent money; something never seen before.
You can create your own money now... Amazing isn't it?
Money used to be something owed by the few, now money is owned by the whole world.
Namaste.
