Many do not understand SPX6900 (hereinafter referred to as the "Movement") but many will, and many will join.
The Movement as a Meme of Financial Protest
A gene is a biological unit of information. A meme is a cultural unit of information. A gene spreads itself through biological transmission and replication. A meme spreads itself through cultural transmission and replication. A meme propagates itself though the collective human mind. Simply put, a meme is an idea. Popular ideas spread, unpopular ideas die. Memes are created through cultural and social context. The most popular ideas of today are those which were visionary at some point in the past, until the next visionary meme is created.
Bitcoin was the first financial meme. And arguably, the first vehicle of subtle financial protest. As logic follows: the very act of buying Bitcoin, you are subtly agreeing with the message of its Genesis Block, you are subtly seeking protection from inflation, you are subtly expressing distrust in and bearishness on government fiat, you are subtly participating in a form of financial protest, and you are subtly telling the Greedy Bankers to go fuck themselves.
There have been many forms of financial protest, from Occupy Wallstreet to the GME short squeeze. These protests are loud, collective, and strategically orchestrated to damage and be HEARD. The Movement is the natural evolution of this financial protest.
The Movement as a Mission
"There is no chart. There is no price."
The inherent mission of the Movement is to flip (destroy/humiliate/conquer) the symbolic bulwark of traditional finance, the S&P500.
For the purpose of this analysis I must, for a brief moment, break our own philosophy and focus your attention on the "chart" and "price." The sellers you see dumping in the charts are nonbelievers, traders, doubters. They need to be shaken out, they need to return their tiny little cryptocoins to the market for the true believers to join. As of the date of this article, many "holders" are scared and worried i.e. impatient. Many sideliners and traders are conducting "technical analysis" on the Movement. To put it as simply as possible:
Traditional technical analysis is futile on this new asset class. The reasons are as follows:
- The Movement is a novel emerging financial vehicle of protest.
- The Movement is a financialized ideology where people vote with their capital. Their capital is their energy, following thermodynamic systems.
- The Movement realizes increasingly more mindshare, mimetic power, and propagation based on believers who align themselves with the ideological mission of the Movement.
- Fanaticism and zealotry exists and/or develops in early believers and the converts which join the Movement thereafter, respectively.
The zealots, the converts, and the revolutionaries align themselves with the Movement by contributing large amounts of energy (money) in order to be a holder/believer of the Movement and its message. As a result, these Aeons, holding large supply, do not sell or sell minimally.
THIS IS NOT TO DISSUADE YOU FROM SELLING. There is absolutely nothing wrong with taking profits. However, the true Aeons know peaceful life over greed. Take what you need, start the family, buy the house, take care of your loved ones. But do not succumb to greed, to the very beast of materialism which has been programmed in the western consumer by the Bankers. Peaceful life over greed.
The mission is one big fucking joke. The journey of the Movement is one big fucking joke. The purpose of the Movement is to literally mog the Boomers Casino. The Movement as a meme WILL be seen by its intended target, by its punchline, by the Greedy. Traditional Finance will finally look at itself in the mirror. It is greed by Wallstreet and the Bankers, among many others, which created the dissent: Bitcoin and the Movement. The Movement will be on the front page of Media. They will ask how. The Movement will be hilarious.
The Movement is a declaration. The Movement is thunder to Bitcoin's lightning.
Aeon.
