Apparently there are 3 prevailing theories for the direction of BTC.
1 BTC tanks further and doesn't recover to a new ATH until 2028
2 BTC has bottomed and we make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle)
* 3 BTC hasn't bottomed (a black swan event causes further declines) but we still make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle with a near death experience? lol)
* bitboy's prediction.
It's a lot of sideways and maybe some down followed by some up.
HODL
I think scenario 2 or 3 are most likely. I’m leaning towards scenario 3, I think more pain due to the situation the world financial markets are in. The US haven’t even admitted we’re in a recession yet.
I agree. Scenarios 2 and 3 are the most probable, with 3 being the one I'm preparing myself for. As for the years he mentions (for 2 and 3), I believe they are spot on (i.e., ATH in late 2024 and mega-bull in 2025). Scenario 1's ATH/bull of 2029-2030 is far too bearish and will be a total break from the 4-year cycle.
We are talking about 2-3 years of waiting, which is nothing really. And if scenario 3 is the one that plays out, 2023 will be the perfect year to accumulate cheap corn.
There's gotta be some other reasonably plausible scenarios in there, too.. No?.. but hey I am not going to draw them out... .. and sure, maybe part of Bitboy's point would be to set forth a kind of framework to point out what he considers the most likely scenarios that are being presented at the time that he is mapping them out.
Generally speaking.. no problem with that.
That's both not going to happen, and it is dumb.
We can agree that it’s not going to happen.
Why is it dumb though? Care to elaborate?
Holy fuck.. I already had explained this point, which largely boils down to assessing the extent to which a system would be completely thrown out when it seems to be sufficiently and adequately addressing issues that it had intended to address regarding account farming, scams, spams, shills etc...
Yeah it does not perform any kind of perfect job, but you are largely just proclaiming that the solution is to scrap it with a kind of implied solution that would be go back to pre-merit-system status. There might be other reasons that it is dumb too.. but I had already described the essence of the matter, and yeah, maybe you disagree with the facts.. so then you better fucking convince theymos about the supposed problem that you perceive.
Easy solutions need to be smart and practical too, and also to have the potential of at least not making things worse. What you propose seems to make things worse... and probably because you fail/refuse to see that the current merit system is already providing a benefit in terms of reducing scammers, spammers and shills - which seems to be most of the reason that it was introduced.
The solution to abolish the merit system altogether is very simple. I don’t understand why it needs to be practical, yet alone “smart”.
I don’t “fail” or “refuse” to see that it’s corrupted, and that it serves one purpose and one only. Enabling scammers.
I doubt that theymos even close to perceives it the way that you supposedly do. Furthermore, you seem to have little to no appreciation regarding the value of goodwill that is created on a forum and the sometimes balancing that is attempted when change goes into effect. Sure maybe if theymos was more rash (as you seem to want him to be), then he would scare away longer term members by treating them like shit... and just say that we are all starting over. Maybe theymos should sell the forum to Elon in order that the rug could just be pulled.. who gives any shits about the "feelings" or any of the work that was put into the forum by long-term members.. fuck them...,everyone can just start over, right? Let's all start from zero. Is that what you want, you diptwat?
It is you that is stuck, repeating your positions, making me repeat myself too, dumbing down everybody in the process.
Ok. We don't need to continue to the back and forth then, you dweeb.
Do you deny the fact that we have the phenomena of merit farming and merit circle jerking? Don’t go far.
I don't deny that there are issues related to those areas... but they are likely not even close to as BIG as you are making them out to be... and there is still largely a perception from those who matter in these here parts, that the benefits of the whole system outweigh the costs... and overall the forum is a better place by the current system as is, in contrast to just removing the merit system.. Don't you realize those same complaints were already made in the beginning of the merit system in during quite a bit of 2018? Yes, we are coming upon almost 5 years (anniversary) of the merit system.
For shills, spammers and scammers are on the rise because of that very reason. Fake merit trust.
Maybe some tweaks to the system is being considered? Maybe rotating merit sources? I don't know. I don't really care that much about your seemingly passion issue.
We can agree to disagree on this point.
We can agree that they wiped your kernel … again.
We can agree that you don't know shit.
You are a brand new member who has no reputation anyhow. You can go to any platform to build your reputation, especially if you are starting from zero. How long have you been here? like a week, right? I just looked at your profile.. registration date 12/21/22. One week ago, as I type this post.
Go on. Deny it. You fuck.
I am not opposed to the idea of theymos rotating merit sources, especially if he believes that some of us have accumulated too many merits and we are likely receiving way more credibility than we deserve..
Listen fuck-head, I never mentioned anything about rotating merit sources. Let me spell it out for you: A-B-O-L-I-S-H
I mentioned it, and I am part of the conversation in which I am part of. There you have it.. definitional truth.
You do you.
Awe. What a cutie!!!
It's a statement to acknowledge where we be actually at - as I type this post.
In the middle of no-where apparently.
I don't think so. We are in a specific location, which is a mostly bitcoin-oriented thread on a public forum. Get a grip.
You don't bother me... that much.. being annoyed from time to time is part of any interactions.
Maybe a little then? Come on, you life-less twat, at least give me that much!
Nope.
Last thing, I retract that you have some use on the WO. The damage you’re causing, now seems to me, far worse that any useful directives you might input.
To the extent that your opinion even matters.
Poll
