Prediction for the next year in #Bitcoin:

• We will have a healthy pullback from this short run

• People w/ BDS will tweet "See! It CrAsHeS!"

• It'll calm down, start a slow climb, & then rocket up again

• BDS-ers will scream "BuBbLE!!" for the 173rd time

• It'll have a healthy pullback

• Rinse and repeat as #Bitcoin climbs into the multiple hundreds of thousands

• BDS-ers will get increasingly insane and frantic, "IT DOES NOTHING!" "NO UTILITY!" "THIS IS SO DANGEROUS TO OUR ECONOMY!" "SOMEBODY DO SOMETHING!"

• There will finally be another very needed and prolonged correction down to a level about twice the previous ATH

• As we find a stable price in the low to mid $100K, the BDS-ers will claim victory and constantly say "I told you so."

• Bitcoiners will keep building, keep stacking sats, keep using it as their money, and keep watching things get cheaper as priced in #Bitcoin

... and in another couple of years we will do this all over again... AGAIN... just adding another zero to the price.

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Discussion

NOPE, WRONG, UP ONLY, BYE 🐸

If I'm wrong only because it just keeps going up, then it only means I'm right faster. 🤣

Nation state buying changes the game and might add a zero this cycle. The United States alone is proposing to buy more than all new bitcoin mining block subsidies for the next 4 years.

I don't eliminate that as a possibility at all. It'll travel the path of greatest pain. Therefore if most people think it'll stop around $200K and pile on the shorts around there, it'll probably rocket up to $500K, THEN they'll be convinced it'll run out of steam, and it'll rocket up to a Mil, and then they'll be so scared of it they won't know what to do, and they'll just dump the crumbs they have left over into it, and it'll finally crash all the way back down to $250K, before - in utter despair - they sell everything... and it starts a strong climb again. 🤣

Bitcoin is awesome but “It'll travel the path of greatest pain.”

I think I’m gonna use this with the normies….

😂 Definitely do. I think it helps to frame it like that

https://fountain.fm/episode/I4EHs1KIA15nYA1RDhEp

Higher highs and higher lows.

If I'm wrong only because it just keeps going up, then it only means I'm right faster. 🤣

I think you're wrong on the timing & the prices. The general theme is accurate I just think it will more closely resembles epoch 2 or 3's price discovery. I also think the draw downs will be less severe/persistent during periods of consolidation.

I suspect there are many with a desire & means to accumulate a sizeable amount of Bitcoin. I think this cohort is increasing in number.

They're price sensitive & have longer time horizons than most consumer trader cohorts.

My beliefs just confirm that I shouldn't be trading this stuff while attempting to increase my stack. I will probably still conservatively hedge against huge drawdowns, since I have little fiat income now.

I actually agree with you and my post was a lot less to do with the prices specifically, and more to do with how we will get there and what the people who suffer from BDS will say and how they'll act.

LFG 🤘

Too many pullbacks. Moonsoon. Nocoiner tears will flood the streets

Very true

🫡

No super cycle😂

💯 plus the *paper* Bitcoiners AKA ETFers will be even more deranged

Is Bitcoin a currency or an Investment?

I thought itbs showed to be a freedom privacy currency, but it seems to be turning into a KYC fiat backing digital currency.

It's money that is monetizing. This stage is obvious and should be expected. And most people have always used KYC exchanges for most of their purchases. If you want to be a doomer about that go ahead, but there are a lot of great tools for getting non-KYC coins.

And I don't have any idea what you mean by "fiat backing." Gives the feeling of something you suspect sounds edgy, when really it's meaningless. Just sayin.

The fiat backing in means they're going to put Bitcoin in Bitcoin reserves and use that to back printing money.

For how long are notes saved?

💯 I think it’s good. For one, it accelerates shitcoin die off

Massacre. It’s a beautiful thing

I'll save it.

I think you're wrong about "corrections" or consolidations.

You may just be trying to think nicely about it as you want sats as cheap as possible for as long as possible.

We're all on the same side here, so let's have a friendly bet.

I don't gamble. I only buy and save in sound money.

Nooooooo, this time it’s different!!!’ 🤣🤣🤣🤣

Stack Sats and stay humble

Or an absolute face ripper with little stronger pullbacks

If this cycle was to resemble previous ones I would agree but I expect the unexpected.

Cheers 🫡

You just wrote down Bitcoin’s cyclical history. 🫡

Correct

Meanwhile #AI hype train would crash .. and most big-tech will have #Bitcoin on treasury to save their pants !

And then pivot all their massive data centers to miners?? 😁

I love this

I saved this note. Hope Nostr acknowledges this one day 🚀

THIS IS WHERE PAPER HANDS AND SHITCOINERS GET SCHOOLED. MARKET SANITIZATION TIME.

nostr:npub1yqzle7hv4xyaqkquyv0fjjyt9tlul8ggjvwtrlrkv9aswg9jrxvszzn3a7

Yes! We'll keep building and stacking!

They'll continue to be delusional 🤣

What are BDSers please

Bitcoin Denier Sickness

Beautiful words friend 🫂

So true. Saved

Brilliant! :)

Pretty much. Bitcoin is working as intended and growing as fast as it can honestly.

People will watch it grow in value from under $200 (2015) to almost $20,000 (2017), crying how it's too good to be true and a scam and ponzi, before watching it crash to around $3400 (2019) and feeling vindicated that they were right. All while having missed a nearly 2000% increase in value between bear bottoms over 4 years.

110% average annual gain over 4 years between bear market lows 2015 - 2019 On the other hand, the blow out tops are inevitable when the public pays more attention to the network than the network can sustain.

The fair price for a Bitcoin is it's marginal cost of production as determined by the energy value the mining network has to expend to create new blocks and get rewarded with coins. But the mining network can only grow as fast as miners can buy and power newly produced ASICS.

The currency market has much more room to grow the price however, because it's not limited by production capacity, so it goes up too fast and inevitably crashes. The cash spooks enough people that they ignore it for another 3 years, enough time to allow the mining network to grow enough to support a significantly higher fair value which can accommodate a lot more people.

Honestly, the bull peak does more to slow network growth than it does to speed it up.

BDS? What is that? Can’t keep up with all these acronyms

I was going to this myself.

bitcoin derangement syndrome

but i prefer bitcoin denier stubbornness

so, sameshit/diffday basically/* how r u & the fam Guy?