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Sam
1d3bb5e5a5e3e7db50a6fae6224b21e0c0a575b9227633ebd304e2e38c5d9df0
Accelerating bitcoin for institutions

Theft or slavery…?

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Replying to Avatar Ro₿it

“You do not have to say anything but it may harm your defence if you do not mention when questioned something which you later rely on in court. Anything you do say may be given in evidence.”

The truth? You can't handle the truth!!

Well, most people can't. 🤷‍♂️

Why is this so difficult for some to understand!

Fantastic BitFest weekend. Highly recommend. Bring the whole family and meet old and new friends!

Replying to Avatar mike

Disclaimer, I have a 100% failure rate at predicting short term Bitcoin price

I am starting to agree with many that we are entering a new phase of Bitcoin price action, outside the 4 year cycle. I think we might be entering a more stable period for Bitcoin.

Despite the current low price, both the dips and peaks of this cycle are nothing compared to previous cycles. Perhaps we are entering a stabilisation period for Bitcoin, with a general upward sawtooth pattern.

I made a bet with a friend shortly after the last halving. My friend holds Bitcoin, but is not a Bitcoiner. He holds because he knows, over time, the price always goes up, but he’s busy running his company and so relies on our monthly dinners for updates on Bitcoin and other matters.

I bet him that the price would reach $500K by the end of this year. The looser would pay the bill at our next monthly dinner which would be held at a Michelin star restaurant.

When I made the bet, I actually thought the price would reach $1M, but didn’t have the confidence to make that bet. I also thought, based on previous cycles, that once reaching that figure, it would crash within 3 - 6 months to around $250K. My intention was to sell close to peak and buy back at the bottom.

I don’t believe this is going to happen now, but I do believe the price will, over time, and over the next four years slowly rise towards $1M.

If this is the case, I will not be able to dramatically increase my holding, but I will be freer to live on the Bitcoin standard spending Bitcoin daily without worrying about dramatic price volatility.

Once again, take Bitcoin price action advice from Jim Cramer before you take any advice from me, I have consistently been shown to be close to 100% wrong in my short term price predictions.

If you are always 100% wrong then predicting the future is easy!

If you’re not willing to spend any bitcoin then you don’t have enough.

I used to find this kind of thing interesting, or at least important. Then I found bitcoin and it all seems a bit silly now.

“Income”? Only if I get paid bitcoin as part of my salary (which I do). 😂

Less flippantly, it will be fascinating to watch bitcoin price absorb the bond market over the next years.

Yeah that’s normally how these isolated headlines work, and then we end up with no idea what’s really happening! But whatever it is we need to get excited about it 😆

But you’re not a women Stan! How about we agree that whilst you can’t have a natural birth, you can have the right to have a natural birth?