If I'm not on NOSTR, I'm just doing things.
Similarities between Bitcoin, Gold, and Silver:
1: Assets without issuers.
2: Decentralized new production.
3: Difficult to produce.
4: Self custody is possible, be your own bank.
5: Hodling doesn't passively support FIAT government and all its "benefits".
6: Hedge against economic uncertainty.
There are others too I'm sure.
In addition they both have pros and cons depending on the situation. For instance if you temporarily can't access one stack, you might have access to the other.
I think any long term Bitcoin user should have 1% of their worth in Gold/Silver, for hedging against unknown unknowns, like as a physical emergency fund. It's also pretty fun to collect coins IMO. ๐
What do you think?
Observe trends, so you can prepare for bubbles.
We might have done somethingโฆ.
https://blossom.primal.net/b5b892d2dd2d7aa627a97feb7352e5e262c7d36f49025d49009be588d0d21c5b.mp4
Love seeing this open source money ecosystem continue to expand! All the increasingly smooth interconnectivity is amazing.
It's easy to ignore things that have no evidence of existing.
I only saw it once thankfully. Shit happens.
Just a continuation.
$1M - 2028
$10M - 2031
$100M - 2034
Possibly higher? Probably measured in oz of Gold by then as there won't be anymore FIAT.
If the red line happens this seems fine to me. Same growth, just more stable.
This is good for the network.
If the red line happens this seems fine to me. Same growth, just more stable.
This is good for the network.
In my opinion it's a mistake to start that chart so early, the network had crazy volatility in block times and hashrate back then because it was so small. Effectively the Bitcoin engine was just getting started and took a few years to get it's flow.
Starting the observations when things stabilized, right around the 2013 bull cycle; tracking the bottoms since then, adjusting for global macro events, appears to make a much more reliable trend line measurement and projection IMO. I've made posts with more details on my page if any of y'all want to know more.
My observations show were right on the bottom trend line, it has just fallen due to events in 2020/2021. Not crazy times, just normal times. Those paying attention benefit, those too distracted by the FIAT world continue to ignore it.
Possibly yeah.
My thinking is that the last few cycles Bitcoin had orders of magnitude smaller market caps that could be more easily swayed by the standard market players and public attention. As a result the previous breakout tops were the result of temporary market bubbles to beyond sustainable prices, resulting in a pop followed by a bear market.
Now that the network is worth 2+ trillion these market players are no longer able to influence the price as they once could simply because they're relatively smaller now. We are going to reach a point sooner or later where we just no longer have blowout tops ever again, but I think we could go either way at this point.
Yeah I agree, the bottoms have thousands of data points but the crazy tops only have a few. I am not as confident in my observations of the tops given the minimal data, so I'm generally more focused on finding trends in the bottom trend. I often post deeper analysis of the bottom trend.
For the tops, I mostly pay attention to any changes in long term trends which might indicate a new breakout top is forming. Currently the data seems to suggest we're in calm times with no risk of a breakout top followed by a bear crash, just standard minor market price volatility that is generally close to production cost.
I did take a low level business statistics course at college but I feel like I'm trying to look at data with a limited tool set it's true.
I would like to know more about statistics. Could you recommend a low cost/free online course I could look at that? Would be greatly appreciated!
Starting to think we won't have a breakout top bull run followed by a correction bear market. We're 3 months over due for the start of one compared to 2017's cycle, and even more overdue compared to 2020/21's cycle.
Then again, the longer it takes to start the higher the top will be...
Only time will tell.
Either way I expect $250k+ by Q4 26.
2.7 Billion people don't exist today that otherwise would, thanks to FIAT.
Were it not for the FIAT system, the world population would be around 33% higher than it is today.
FIAT is a cancer on society.
---
From 1950 to 1971 average annual population growth was 1.99%.
Since then year over year population increases have continually reduced, reaching less than 1% annual population growth seen every year after 2019. That number is still falling.
If we project the 1971 population of 3,769,847,865 continuing to grow 1.99% a year on average until 2025, then the current population would be 10,925,310,300.
Divided by the current estimated global population of 8,231,613,070, that is a result of 1.3272.
So 32.72% of global current population is thus missing: 2,693,461,068.
More than the combined total estimated deaths seen in both World Wars... 25 times over.
(85,000,000 in WW2, 22,000,000 WW1)
Bitcoin saves our descendants lives, by allowing them to happen at all.
Population statistics source: Worldometers.info
Just off the production line for nostr:nprofile1qqsxua0hju3e0j3jjhs0fjs0h3htnnreh6zm4lw4d0fhsgsv4rhwwnsprdmhxue69uhkummnw3ex2mrp0yh8jet8dpex7tnrdakj7qgkwaehxw309ahx7um5wfjkc6t5v4ejummjvuhsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0e8ljx7
https://video.nostr.build/610febf4183742e0d77bba49b4ee3f577dde766f3cb625bed4b2df996e271d17.mp4
AI slop. The button just appears out of nowhere after removing the plastic. Pretty cool looking, but not real.
Been awhile since I was paying attention to free games on epic, just added it to my backlog.
Eventually you would be spending such small amounts that you wouldn't be spending Sats quicker than the value of the remaining stack grows in value, effectively never running out.
๐
It all depends on the time horizon.
โฟ0.1 very well might be worth $500,000 in 5 years, and you could retire on that easily given the typical growth rate. We'll see...
I disagree. $250k bear bottom likely.
Yeah nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqppemhxue69uhkummn9ekx7mp0qy0hwumn8ghj7mn0wd68yttjv4kxz7fwv3jhyettwfhhxuewd4jj7qg3waehxw309ahx7um5wgh8w6twv5hsleq7kw is right, IIRC the primal wallet is limited to 1M sats due to legal limits on Strike's ability to service the wallet with limited KYC info.
You seem desperate to gain my stamp of approval. Sorry, you can only give that to yourself. I know I'm very articulate, and I don't need to counter unreasonable comments on my posts. ๐
That's "piggy" my girlfriend's stuffed animal. ๐