Sounds like #copium + #hopium 101
1,460 days ago Bitcoin was $69,000
Today, 4 years later we are at $104,000
An $8,000 a year increase over 4 years is underwhelming. Adjusted for inflation - ouch!
Yes, we can apply girl math and measure post FTX collapse to the ATH (16k to 128k) but you and I both know that most retail folks ape into tops.
This is why Bitcoiners should apply man math. Measure from cycle top to cycle top.
2013 - 2017 = 20 x
2017 - 2021 = 3.5 x
2021 - TODAY = 1.5 x
Reality check:
…Median house price in my home country of Australia is $1,016,700 AUD ($661,000 USD).
In today’s Bitcoin value I need 660,000,000 SATS or 6.6 Bitcoin.
To buy a nicer house I need 1,320,000,000 sats or 13.2 Bitcoin.
*Many* old skool Bitcoin heads tell new kids on the block 1 Bitcoin will change their lives forever and they’ll retire in less than 10 years.
*Many More* talking heads are claiming 0.21 or 21,000,000 sats will give them the house and the car and the early retirement!
If it takes 1,460 days to go from 69k to 104k (using man math) then the math ain’t mathing for the path to the promised land that many talking heads spruik.
Some food for thought 🍔 💭