Experience makes a big difference

You learn from your mistakes!

Brilliant counter point. And yes, hopium is one hell of a drug

50% off peak would be 63k usd

Totally feasible, some point end of next year as always roughly when I saw that happening

Trying to remain balanced is always the tough call

A tightrope

Hence I always like to have a strategy in mind

For me, in 2022, I set a price target of 150k aud, and timeline of August 2025

I re-allocated a portion into a property purchase in Oct this year, so did “take some profits”

I needed a family home

Which is one of the few things I believe selling Bitcoin for is actually a good trade

My personal opinion of course

Which means from here on it’s a free hit

I’d love a q2 craze “blow off top” style moment

But equally, and to your point, I am well positioned for a grind back down

Time will tell!

Really appreciate you sharing your thoughts. Just the kind of thing that brings me value, and does help with decision making

Really looking forward to Nostr users building out a financially literate community focused on the financial markets

🙏🏻

5 fuckin years. 5.

I wants to live now Sandy. NOW.

Thanks Logan!

Let’s see if there’s any truth to it

Great question.

It’s an economic term for a certain type of product, that breaks the standard supply/demand thesis, ie when price goes up demand decreases, so supply eventually has to reset to the new status quo of lower supply volume than before

With a Veblen good, eg a niche luxury handbag, people’s demand goes up, the more expensive it actually is, ie they specifically want the item because it is the highest price

Bitcoin behaves in a similar way, largely because supply cannot change, so as the price rises, demand will rise as well. A 2 trillion dollar asset class is able to absorb capital from large institutional players in a way that 500 billion asset class cannot

So the big players actually want the Bitcoin market cap to go up. So they can allocate in larger size, with better liquidity