Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.
Tell that to this lying son of a bitch:
December = blowoff top anywhere between $200-450k
Anything above $288k is just not realistic, cause it breaks the S2F from the upper side. Get a grip. Ease the cocaine.
There is not really an upside ceiling for this cycle, unless maybe we suggest somewhere in the supra $1.5 million territory by 3rd quarter 2022 as being a possible maximum stress price arena.
Hashrate looks pretty damned good to me.
It’s around the levels of November 2020, and it’s the reason of my concern ($10k>$60k vs $40k>?), you previously skipped so nicely.
Good to skip your nonsense because past hashrate does not limit where present or future BTC prices can go or will go. I am not suggesting hashrates falling precipitously is even within realms of likelihood, but we could end up with hashrate levels that are lower than in the 2015 time period, and bitcoin would still survive because of difficulty adjustment.. have you heard of it?
Seems that you may well NOT be looking at hashrate from the right angle - that's why you are spouting out doom and gloom nonsense about some kind of supposed absolute need for hashrate to continue to go up blah blah blah or bitcoin is ded. blah blah blah. Did I say nonsense? Just in case I had not said it.. nonsense...
Bitcoin is doing its thing in regard to ongoing difficulty adjustments and the creation of incentives that seems quite amazing in the whole scheme of things.
True dat. In a sense, this is the BTC Hashrate Observer.
It is not the hashrate observer, but hashrate is one of the components that are interesting and amazing about bitcoin that causes it to be such an amazing paradigm-shifting phenomena that probably would NOT have broken prior centralization grounds had it not been for some of the balancing of factors, including the whole tying in of proof of work into a 2,016 block difficulty adjustment that might well be somewhat random, but surely seems to allow for a decent amount of balancing of incentives and to stave off pretty damned potentially BIG attacks upon it.
If there is something specific that bothers you, then please let us know, rather than being mysterious about what appears to be fantastical, rather than real, attempts at FUD spreading assertions.
I’m balls deep in
BTC, and I’m spreading “FUD”, because you don’t agree? Whatever you say Jay.
Ok. if you are not spreading FUD, then you seem to be a delusional and disoriented little twat. That is "whatever I say" at this particular moment.
We've been doing this for so many years, what's a year or two more?
I don't mind your overall idea, but bitcoin may well disappoint us.
A year seems to be the outside for our next likely blow off top.. .for sure, I don't really given any shits if it might take longer or even if it might not happen, but the likelihood seems to be that we are going to end up getting some kind of a blow off top within 3 to 12 months.. and even 12 months seems to be stretching it.. and, golly gee, I know that BTC really does not like to cooperate with strict predictions, but I hate to be giving emphasis to frameworks that are less likely, including your 1 to 2 year proclamation.. for whatever that's worth?
And, as OOM rightly says, always remember Mindrust and never do what he did.
That's a low bar.... but o.k... sure.. we
(royal that is) can go with that.. it's not wrong..
Right sequence (IMHO): Buy ---> HoDL (and accumulate/BTFD/DCA) ---> Rich level (whatever that means for each of us) ---> Sell to use, not to keep in the bank ---> Always have skin in the game.
This is not wrong, either.. but surely, we have to consider that some of these considerations are going to have greater or lesser emphasis for guys who are quite young in their years versus someone who is quite older and even considering an investment timeline for less than 4 years.
Of course, in late 2013, when I got into bitcoin, I had thought that a minimum of 1 year investment timeline (to have the long-term versus short term capital gains option), but at the same time, I was thinking that I wanted to shoot for a minimum of two years even though my more absolute minimum was to attempt to give BTC investing a year and study BTC along the way and to see how it goes.
In recent times, I have been suggesting that wannabe bitcoin accumulators/holders should be coming into bitcoin with at least a 4-year investment timeline, and even though many of us have been able to profit quite stupendously with one or two cycles of being involved in BTC, there seems to be some evidence that some of the degree of BTC price appreciation is NOT going to be as great, even if the downside potential seems to have become less of a concern, too.
Part of my point would be considerations of the amount of patience that could be needed to reach various levels of richie status and to be expecting that a BTC investor might have moved mostly past accumulation stage and into maintenance or liquidation stage - as well as considering ways in which the cycles might be attempted to be played to his/her advantage no matter which stage s/he perceives him/her lil selfie to be within.
There can be a lot of holy shit and even mistakes that are made through trying to play cycles without even necessarily going to to the level of mindrust, and surely I am not really saying anything much different than you, AlcoHoDL, except for merely striving to emphasize that mistakes can be made in terms of ways to attempt to accumulate BTC or to consider accelerating accumulation that fall way short of mindrusting the matter, but still end up in a lot of seemingly unnecessary risk-taking while potentially resulting in BTC portfolio performance levels that end up way underperforming pure DCA strategies (with likely less psychological trauma, too).
And... enough with the name calling, you fucks!
I am going to admit to being a "name caller," or the employment of name calling tactics from time to time as necessary.
I hate to admit to anything that could be used against me, but I will make an exception..... this time.
Poll
