This is beautiful from every angle, at first you might think $1M looks like too optimistic or skeptical but more you focus on the graph more real it will look. Just we need to add one thing which is number of days on the inner circles. If price is increasing exponentially then number of days are also exponential. $100k is near and bitcoin will stay around 100$k for quite long time eventually reaching $1M, keeping in mind this halving will continue until around the year 2140.
I don't take this graph as a price prediction on certain date/month/year but Bitcoin price reaching $1M is fascinating. Which reminds me of Hal Finney's idea of Bitcoin price reaching $10M which has been discussed here million times.
Anyway let Hal Finney RIP and "Let's march to Q1'22!"
"I present the #Bitcoin Halving-Hype Cycle Spiral. Utilizing blocks measured in time and starting at the halving for being the cycle’s initiator due to its supply shock and hype, therefore preferable to the 4yr cycle.
Let's march to Q1'22!"
https://twitter.com/therationalroot/status/1470268669674483714/photo/1One year passed like it was yesterday.... Time to update the graph..
This time it's with much more information thanks to TheRationalRoot.
See the three big Circles? Halving followed by Peaks and then Bottoms but forth part is no labeled? May be that's for us to interpreted. If you look closely, to me it's almost gradually spreading lines except for the first halving cycle of course that was the maturing stage. But after two halves somehow it's clear this line will be almost straight with a peak or two that might be touching $100k circle.
Although the current line is closer to $10k but look closely, see image 2 that small bulge can easily push BTC to the outer line of $100k. Again this graph is not for the price prediction in the near future, so don't take it literally.
More I'm loving the pie names just look at it in a sequence Hope, Calm, Optimism, Belief, Intermission, Trill, Euphoria, Complacency, Denial,
Panic, Capitulation, Depression, Enduring, Stagnation, Disbelief, Doubt.
In the meantime we have passed Panic and Capitulation and now we are entering the Depression and Enduring stage and I can feel the end of Depression is going to Enduring.
"A picture is worth a thousand words" so it's open for you to interpret.
Last but not the least... Bull market 2024 is confirmed.
Let's march to Q1'23!"
This has to be in Fullscreen view. Image 2
https://twitter.com/therationalroot/status/1606702975422021632It's time to update
HODL’ers cheat sheet. #BitcoinJust a quick update on this and remember each rotation is full market cycle of 4-years
We are around
Stagnation and moving towards
Disbelief with halving just around the corner.
Stagnation: This is a suckers rally
Disbelief: This rally will fall like before
https://www.bitcoinstrategyplatform.com/cheatsheet/This graph actually should be combined with Bitcoin Spiral : 4 Year Cycle.
I will directly quote from the original posts.
In a very short period of time, the possibility to get to a full #Bitcoin will completely disappear for 99.99% of the people on planet Earth. At $36,000, it's already priced out most of the world in terms of a full #BTC.
Think about this. One #BTC used to cost $1, then $10, than $100, then $1,000 and then $10,000. Next up is $100,000, then $1,000,000.
How do I know this? Because every 4 years (one full cycle), #Bitcoin adds a zero. This is not opinion. It's fact. See image below.
https://twitter.com/olvelez007/status/1727380903914041396Look at the right hand side of the spiral around the 3 o'clock point. Look carefully and you'll see that every full loop or spiral, #BTC adds a zero to the last "1" digit number it previously achieved. Each full spiral equals 4 years. Next up, $100,000. Are you ready?
Will my next post on this add another "0" to BTC price? Fingers crossed!!!
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