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npub1lnms...rrnt 1 year ago
What is my prediction, there is no strategic Bitcoin reserve, Bitcoin reaches new highs due to the conducive liquidity conditions created by the Trump administration (Loans strategic industries), the peak is around 140K, that's it. Taxes keep going up one way or another (Inflation) and karen and john are getting poorer and poorer. Nothing changes.

Replies (23)

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npub16wug...6h0z 1 year ago
140 seems low. If there isn't a reserve, which I hope there isn't, then I think it'll drop for a while
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npub1s277...dsym 1 year ago
So you totally subscribe to the 210,000-block cycle view and disregard the notion of a "supercycle"?
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npub1h4lr...2jcm 1 year ago
The power law was developed to counter the obvious and impactful implications of S2F … amazing how so many bitcoiners have anchored to the obviously bearish model. Assumes basically no network effects of adoption. It is fucking stupid.
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npub1lnms...rrnt 1 year ago
I suppose you understand that the s2f has been invalidated both statistically and empirically...
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npub1h4lr...2jcm 1 year ago
The FTX psyop had to bring in Larry David, Tom Brady, Steph Curry, et al (and Sequoia for the tech finance community) to break the market’s psyche
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npub1lnms...rrnt 1 year ago
You can sit back and wait to see what ridiculous prices the s2f is quoted and it has never been right, the model has been broken for years.
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npub1marc...f3g0 1 year ago
I just learned about this Power Law. It aligns with my hunches, but I don't know for sure. I like the way you put it, "until proven otherwise."
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npub1e86g...5ump 1 year ago
Yeah Bitcoin is up and to the right as Fiat is down and to the left
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npub1m50e...glzq 1 year ago
I see why you are so cynical. You don't know why Bitcoin's price in dollars will expand so rapidly. That's okay, most people don't.
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npub1lnms...rrnt 1 year ago
Mostly because I've been in the markets since 1999, I've learned something, I'm not a 20 year old kid who believes all the nonsense they post on social networks. If you think the price of Bitcoin is going to 400K in this cycle, well, that's up to you, but it's not.
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npub1m50e...glzq 1 year ago
Okay, explain Leonard Lepard or Luke Groman's predictions then. They aren't 20 somethings and they have been in the game a lot longer than you. The point is the adoption curve of Bitcoin is going parabolic due to incentive not hype. Maybe it's not the 20 year olds on social media that you should listen to for real market information or price opinion. Check their sources.
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