@BitcoinMagazineBTC is currently outpacing its last two cycles
Bullish 🚀
https://x.com/bitcoinmagazine/status/1828093237749256412Seems we’ve taken a breather after the recent move up. It’s all good, there’s plenty of uppity to go in this cycle.
We still have rate cuts and Q4 which is traditionally very bullish in halving years (and that’s just 2024. Next year is when the real fun starts).
Things are looking good, we might even close the monthly green after a meaty wick to 49k a couple of weeks ago.
Gentlemen, everything looks set to make a lot of us the new wealthy elite in the next 12-18 months.
What is wealth elite, gentlemen? I know, I know the reference.. but still.
And, I know that we discussed variations on this topic before too.. but still...
I did not disagree with anything in your post in regards to our likely being ahead of schedule in regards to where we are at .. to the extent that there might be some kind of a schedule and in that regard we would be able to somewhat count on the fractal-like movements within 4-ish year cycles.. but still..
I still cannot figure out how there can be any kind of an exact guide to the multiple or the magnitude of any historical or potential future BTC price runs.. ..
Our upcoming BTC price run could end up being
BIGg-ish or it could end up being
not so bigg-ish, yet surely, I don't have any real issue in regards to expecting some kind of further UPpity that may well still end up falling within a kind of expected pattern, even after all of the back and forth of this and that fate of BTC, some kind of a pattern ends up continuing to hold true.. which truly is part of the reason that many of us stay in this here thingie-ma-jiggie that we call dee cornz.... .. so then within some kind of a pattern, we end up experiencing some kind of an overdoing of the price movement and then a kind of settling back down from whatever BTC price move we end up experiencing.
Looking back we can see that in 2017 we had 78x-ish if we count from $250-ish to $19,666, but then our settling down period maybe we only ended up with an uppity of 17x to 32x, depending on the foundation of the settling down location price area, and the further lifting off location (perhaps it could be argued to be anywhere between $4,200 to $8k?). There's hardly any room for mostly HODLers and/or BTC accumulators to complain about that kind of BTC price performanc, especially if they did a large amount of their BTC accumulation prior to mid-2017.. and of course, the earlier the BTC accumulation, the better, including end results of a kind of likelihood that some guys might have had already transitioned into a kind of wealthy elite, gentlemen (even if they were a gal).
It seems that in 2021 we should be claiming that our BTC price run is not was not as great since we might be able to consider our bouncing off location to be somewhere between $4,200 to $8k, and so I am going to suggest that the most exponential portion of the top would have had ONLY been in the ballpark of right between 8.5x and 16.5x, yet if we might consider $25k-ish as our settling back down price location, then we only got 3x to 6x out of that whole cycle.....
So I am currently gravitating towards considering $25k-ish as our current bouncing off location, so at this time we seem to only be in the early stages of our earliest price run period and so far if we go by current prices we are right around 2.5x of our growth period, and it would surely be nice to see something at least in the 10x price multiple (which gets us into bordering on magnitude price moves rather than multiples.. and since we are still within the first leg of the possible UPpity, I personally don't want to get ahead of myself in regards to where the settling down period might end up being.. so I guess in that regard, it still seems that 12 to 18 more months of Uppity might still be in the cards for this imaginary cycle that really is not a thing, except that it seem to be a thing.
Bringing us back to the "new" wealthy elite, gentlemen question.. which I hardly have any ability to know what that might be in terms of the "we" (also described as "a lot of us") proposition.
In some sense, bitcoin seems to be continuously paying the long term holders and putting them into higher and higher statuses, even though likely not as good at spending our money... Even Saylor. .maybe Saylor was a mere multi-millionaire and perhaps a baby billionnaire, but surely he seems to have transitioned into multi-billionnaire status.. .. so in some sense, depending on starting points and clearly having some abilities to hang on to coins seems to count for something, too.
the unsolvable problem is my bro in laws dementia.
a lot of work for me and so many issues I could write a book about.
the maybe solvable I hope for a plan this wednesday. It is a personal health issue.
The pleasure of being 67 and everything feels okay but the tests are ugh.
and family history is ugh.
that sucks hard. i know people that did everything right health wise and something random comes up and gets them.
i treated my body like a garbage can.. broken bones, broken brain cells. and im doing better than some good people and i had to witness their decline. its not fun especially when its family.
i hope you find a good solution.
I can 100% relate, I drink every day a very large amount of alcohol as my permanent diet.
I might need to drink more, just for fun.
Holy fuck, crypto? what is that supposed to mean?
Yeah if a guy is into crypto, then he is probably lost as fuck.
It is a fairly interesting idea and/or thread, but horey sheit Ambatman, you could have at least addressed the elephant in the room, which is the question of crypto and what the fuck is that? Which also might mean to read the article and have some kind of potentially critical thinking opinion about it in terms of how it might relate to this topic of this thread.. .. which I am not going to deny that there is potential of the topic relating to this thread, and we might also need to explore how the article (including your seemingly going along with the article's listing of such a vague concept - namely "crypto") relates to the topic of this thread, too.
Poll
