Replying to Avatar The Commoner

JUST IMAGINE 1 MILLION DOLLAR BITCOIN FOLLOWED BY A 50-70% RE-TRACE??

I MEAN IF YOU ARE BUYING AT 1M CAUSE YOU BOUGHT INTO THE FOMO… I IMAGINE YOU ARE GOING TO THINK AWFULLY HARD ABOUT SELLING WHEN YOU ARE DOWN 30% LET ALONE 50-70!

HANG ON TIGHT AS THIS RIDE IS JUST GETTING STARTED
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diem 8mo ago

BTC at $1m per coin is a $20tn market cap. I might be naïve but you’re just not going to see 50-70% of that simply vanish. We would be talking about a retracement the size of the market cap of all gold today. I just don’t see it.

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The Commoner 8mo ago

YEA-YOUR PROBABLY RIGHT…. IN FACT IT IS PROBABLY GOING TO BE CRAZIER IF IT ONLY EVER CORRECTS 10-30% AND THEN EVENTUALLY 1-10% ….

SHIT-IT COULD EVEN BOUNCE FROM ONE TO ANOTHER FOR AN INDEFINITE AMOUNT OF TIME BEFORE IT STARTS TO SHOW DIMINISHING RETURNS….

I MEAN-IF YOU THINK ON A MORE UNIVERSAL TYPE SCALE OF TIME - BITCOIN COULD BE (I THINK IS) THE DISCOVERY THAT ALLOWS HUMANITY TO PROGRESS TO THE NEXT LEVEL OF CONSCIOUSNESS OR CERTAINLY TYPE 2 ON THE KARDASHEV SCALE…

OF WHICH EITHER ARE A LONG TIME TO COME YET…. BITCOIN IS JUST THE FIRST STEP….

NOW WE FINALLY MAKE PROGRESS MINUS ANY “BLACK SWAN/CIVILIZATION ENDING” EVENTS