“stacking” is the optimal strategy for a Nash Equilibrium. friend or foe, it’s maximally in everyone’s’ self interest.
people that try and cheat it, game the system always lose.
spend btc when life needs arise, but just keep on stacking
This Cycle is Different.
They've all been different.
But this one feels especially so.
This open-source game of sat stacking has almost a completely new field of players so its starting to feel like a different game.
It's not.
Yes Bitcoin is becoming a global asset. Its leveling up and its correlation with Global M2 has me praying to the chart gods at times.
But just like before, this model will fail.
"Bitcoin is the best expression of currency debasement" - nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc
Truth, but remember that M2 is just fiat money. That doesn't count the monetary premium we've put on Houses, Pokemon Cards, Wine or Art.
All of our models will fail. There's simply no way to factor in all the elements of the infinitely complex system we either call society or nature.
I learned my lesson last cycle. I'm a veteran now and I definitely know how to time the top (in my dreams).
Be careful Anon, the upside failure is coming
Discussion
I'm feeling a tad disappointed in bitcoin's recent performance. It doesn't seem to be performing as well as expected. The likelihood of it hitting $250k this year is looking less and less. It takes more and more fiat to shift the price and the fiat just isn't there. People are locked into pension plans that they can't get out of.
Doesn't take so much fiat to shift the price of doggie coin
Especially since it's easier for normies to convert that fiat to doggie coin without being sidetracked by lightning, custody platforms, etc.
I’m not one for the price predictions. I know what btc is, and I just let it do its thing. As if i could influence its price anyways.
We kicked off 2024 st 45k, currently at 107k, but thats measuring in the inflation system. best thing about btc is its outside. every sat is immune to debasement. that’s the game changer.
even if hyperbitcoinization happened, and market cap was 450T, each coin 40-50m, the question remains:
What do we do with the money we want to save?
good, stocks, bonds, cash, shitcoins?
btc is still the optimal strat even after full adoption
Genuine Bitcoin adoption > Bitcoin rehypothecation = Bitcoin overpowering the status quo.
And vice versa.