"Unhinged" 😂
You're the best, Hans. Don't ever change.
My 4Q 2025 price target remains unchanged and is approximately 8x higher than the current price.
This is obviously just my best guess.
Just got triggered by another bitcoin analyst write-up.
So, for like the zillionth time...
The last six months of price consolidation "at or near the 2021 highs" is NOT ATYPICAL OR UNUSUAL if you understand that:
1. The 2021 bitcoin price high of approximately $69k was an (abnormally low) anomaly, historically-speaking... and *should have* been closer to $125k.
2. The anomaly was caused primarily by China's sudden and effective ban of Bitcoin mining, which caused the hash rate to drop precipitously by approximately 50% in the spring/summer months of 2021. By the time hash rate recovered, the liquidity and leverage wave of late 2021 had reached its peak, limiting further upside price action.
3. Once understood, the current post-halving rangebound consolidation of approximately 40-60% of $125k (range: $50k-75k) is TOTALLY NORMAL and quite similar to 2H 2016 and 2H 2020 price action.
Hopefully this makes sense and is helpful to those who are despairing and/or are new to bitcoin.
Cheers. 🍻
“Nothing is certain except death and taxes and $58K Bitcoin.“
- Benjamin Franklin, paraphrased
Forever fifty-eight K. 🧡
"Doom and Gloom (nest test room)" nest is live! Come join 🤗 https://nostrnests.com/naddr1qqjxyd3nxfnxvdee943xyepk956rwde595urjdm995urvcmrxd3kgepevyerxqg4waehxw309aex2mrp0yhxgctdw4eju6t09upzpduedsvruqmd7fuq99zmszaaezct7kt3ke3p4p4lx45uxvs30uraqvzqqqrkvurzf5n6
So... my first Nest trial was unsuccessful.
I couldn't see anyone but "Guests" in the audience.
I couldn't figure out how to invite anyone up on stage with me.
I assume my mic was working, but it's kind of clunky and hard to reach behind the nest URL at the bottom of the screen.
I may have to wait until someone with experience runs a Nest and hopefully I can join them on stage for a bit to play around with the features and figure out what's going on.
As of today, I miss the UI/UX of Spaces, but am confident that the features will improve on #nostr going forward.
nostr:note1zhpfrgpnvce7s965cw95d65uju86ae70k5ujcvlff5fywt9ackmsxhw8vf
We'll see how it works. I want to monkey around with it and see how the controls work...
"Doom and Gloom (nest test room)" nest is live! Come join 🤗 https://nostrnests.com/naddr1qqjxyd3nxfnxvdee943xyepk956rwde595urjdm995urvcmrxd3kgepevyerxqg4waehxw309aex2mrp0yhxgctdw4eju6t09upzpduedsvruqmd7fuq99zmszaaezct7kt3ke3p4p4lx45uxvs30uraqvzqqqrkvurzf5n6
Same for me.
Glad you’re here now.
Plot twist:
The only way to make governments responsible is Bitcoin. nostr:note1xpfjezay98v5x6tptkn5wkckyyjwv3ar0zu2x5kmpq55d3c2kz7qz0f7hl
#Nostr is freedom from being monetized.
Shout out to the Chronic Complainers.
Those who sit back and criticize the creators, the problem-solvers, and the doers.
They run rampant on social media, mocking and trying to devour those who would advance humanity.... Focusing on past mistakes rather than myriad contributions.
They are bitter, and want to spread their bitterness like influenza.
Without them, the creators, the problem-solvers, and the doers would simply... get things done.
Here's to you, Chronic Complainer. 🍻
I didn't listen to it, but I generally agree with this take.
