The Yardstick looks extremely undervalued sitting at rock bottom.
Bitcoin will go up in 2026.
RPFTFY. (rusty-pipe-fied that for you)
I am not sure if I understand the rusty pipe idea, yet I was thinking about the directionality of the pipes, so there could be an opening and a closing rusty pipe.. so we would have opening, closing, opening, closing, opening.. So, the first three are correct, but the next two are not correct unless we are missing some..
I don't understand the yardstick idea either.. so I am just thinking artistically about the concepts contained within those squigglies, rather than any actual substantive meaning beyond number go up and number not going up enough in recent times.
The Yardstick looks extremely undervalued sitting at rock bottom.
Bitcoin will go up in 2026.
hope there is a strong possibility of hitting $500k by 2026.
Interesting use of the term "we."
I think that it is possible for the price of dee cornz to hit $500k in 2026 (maybe 15%-ish or perhaps slightly higher?), yet I am not sure if the strength of the possibility for hitting at 15%-ish or higher would be considered to be "high," relatively speaking as compared with other possible outcomes that could happen when it comes to merely looking at bitcoin price movements and tops and/or bottoms that might happen within that timeline.
Of course, my own assessment of the possibility is largely my own variation of SOMA which might not even be very tethered to reality.
I think that when we started our most recent run - which might be considered to have been around the Trump pump in November 2024, I was then tentatively thinking that BTC prices might go up to $120k and perhaps have a bit of resistance (which means a correction) and then subsequently bounce into the $120k to $180k zone for several months, maybe even more than 6 months, and then at some later point go into the super $180k prices which I was thinking that $250k-ish to be fairly reasonable for that range but that it could go into the $1 million to $2 million territories for the high end (and yeah maybe lower end odds for those higher numbers, even though they seemed to have had been reasonably possible to play out).
The Yardstick looks extremely undervalued sitting at rock bottom.
Bitcoin will go up in 2026.
Can you provide a legend for the colors in the graph? Black is market cap.
Yeah.. I don't really understand the various parts either, and I suppose a bit of work, we can find the graph and some explanations on the glassnode website - if we were inclined to search for it (since no link has been provided here).. .. yet I will tell you that the black line at the top (or is it grey?) is the BTC price, not market cap. .. market cap would be generally trending up.. in terms of it being measured in dollars. ... .even though market cap is being used somewhere in the calculation of some of the squigglies contained within that chart.
Now, I am thinking that some of the now seemingly too bullish ideas that I had about bitcoin's short-to-medium term price dynamics have been quelled (perhaps "tamed" is another way of describing it?) by some of the more recent entrants into the bitcoin space of financial instrument players and these financial instrument players seem to be achieving way more abilities to tamper with ("tame" again) bitcoin prices than I thought would have been likely within such a short-period of time with such a digitally easy to transfer bearer asset like bitcoin.. so there are likely some needs to assess and/or reassess and figure out the extent to which some of our prior models might have had been broken.. not that any of us should expect to be able to really put together high expectations regarding our own abilities to know the future with any degree of certainty such as 1) bitcoin's role in such future and/or 2) how bitcoin's prices might be influenced in our transitioning from the present into the future (even if we might get some of the general dynamics directionally correct in regards to adoption, network effects and the seeming follow up upward pressures on BTC prices from such)
In several ways, many of us have likely expected that there were going to be various battles along the road of bitcoins adoption and the ways that its network effects were both growing and simultaneously challenged in their growth, and surely there are aspects of the control and co-optation attempts that are becoming more clear in recent times.. and so there can be some frustrations in regards to the control and co-optation angles that have been playing out and the extent to which anything can be done or more importantly what each of us is going to do in our own portfolio management in regards to our own perceptions of the way that the control and co-optation angles are playing out. .
Perhaps some of our current place has already been telegraphed in regards to increasing attempts by various powers that be entities (governments, institutions and/or status quo rich) to try to control and impede and disincentivize self-custody - which has been substantively part of my forum profile signature (even though my signature is a wee bit ambiguous) for a few years now.
The Yardstick looks extremely undervalued sitting at rock bottom.
Bitcoin will go up in 2026.
We hope there is a strong possibility of hitting $500k by 2026.
Well you always have hope… 😝 bitcoin usually trades down two years before the halving which is around April of 2028. I think they walk it down slowly and play the game for the next year. See the chart for reference 😎
https://crypto.com/en/bitcoin/halving-countdownHi Hyperjacked. How are you doing?
Remember the good ole days when you used to come into this thread and be such a beartard and/or shitcoin pumpener with your dumbass seasonality and inhale/exhale bullshit claims?
To the extent to which you might have gotten off of losing money from shitcoins (maybe I am presuming too much since gambling does sometimes end up paying off), you have come a long way, baby.
@hyperjacked if BTC is going to be toyed with like it seems to be and if they do a repeat and rinse move it is in trouble as it is too easy for this to happen and there is no reason for it to happen other than really rich whales hurting the rest by playing yo yo
Of course, each of us is free to our views in regards to the potential success of the powers that be in their battles and their manipulation attempts.
Part of your own difficulties in bitcoin (Phillip) likely relate to your tending to have too much confidence in bear case scenarios and failing/refusing to protect ur lil selfie from UPside scenarios (that ended up playing out historically and even have decently good chances of continuing to happen into the future).
There are ways to hedge both directions to have preparations for both up and down, and frequently, some of us might not even realize how much our value is embedded in various dollar-based systems, so we end up having any or hardly any exposure to non-dollar based assets.. and even gold and silver have been manipulated to the fuck out of by various dollar/debt-based systems - even though they are showing some recent signs of life.
We need to be careful in terms of giving too much credit to the powers that be to get their way or even presuming that the powers that be are so coordinated in terms of their agreement to both whether the current golden goose should be killed and if it should be (or can be) killed then the timeline or even the course for such killing presuming that they are actually able to get their way in any kind of meaningful way that various individuals (like uie pooie and yours truly) can engage practices to protect ourselves from getting overly steam-rolled in such ambiguous battles that even the powers that be are likely not as coordinated and/or prepared as some of us might give them credit in being... and yeah, they might have some various villainous plots that they would like to carry out, yet it still might not be practical for them to execute in the ways that they would like to accomplish such execution.
Tread lightly… buy the dips n hold has always been a good strategy long term imo 😎
Wow!!!!!!!!
You really have come around.
By the way, not to be too combative in regards to your above statement, I think that your above statement plays for a person who has either reached a large bitcoin accumulation level or is getting close to having enough bitcoin or more than enough.
What I mean is that there are so many normies (likely an overwhelming majority of the population - since we only have around 1% world-wide adoption of dee cornz) in the world who have not yet reached enough or even close to enough bitcoin (even if some of them might have had concluded that they have), so many times newbies and low coiners (even if they might not be sure if they are a low coiner), need to focus on buying bitcoin at any price until they reach a decently sized bitcoin stash, and once they achieve a decently sized stash, they can start to be a bit more strategic about their buys, such as buying on the dips.
Otherwise, my own opinion is that ongoing buying of bitcoin is better, especially for anyone in their first whole bitcoin cycle (4 years), yet it also tends to take a while to build up a bitcoin stash, so it could well take a couple cycles or more for many normies to really build up a decent sized bitcoin stash so that they might be able to put less emphasis on ongoing accumulation and perhaps transition into buying dips rather than ongoing buying.
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