Thread

🛡️
Prediction: We will many, many chances to "celebrate" the price of #bitcoin crossing the $100k milestone over the coming months and years. In 2024. In 2025. In 2026. And, possibly, even in 2027. Said another way, #100k is the new #58k. Temper your expectations accordingly. Advice? 1. Head down. 2. Work hard. 3. Stack sats.

Replies (17)

My fav was $100k in 2021 (Max Keiser, et all)
less's avatar less
Prediction: We will many, many chances to "celebrate" the price of #bitcoin crossing the $100k milestone over the coming months and years. In 2024. In 2025. In 2026. And, possibly, even in 2027. Said another way, #100k is the new #58k. Temper your expectations accordingly. Advice? 1. Head down. 2. Work hard. 3. Stack sats.
View quoted note →
It would be a much sweeter celebration, if it was not possible for non-monetary junk to be heading our way onto our nodes. It's much more depressing than any price action. Michael Saylor was right, The risk to the protocol are VCs and well-funded dev team, Who need to fix things
Sounds like #copium + #hopium 101 1,460 days ago Bitcoin was $69,000 Today, 4 years later we are at $104,000 An $8,000 a year increase over 4 years is underwhelming. Adjusted for inflation - ouch! Yes, we can apply girl math and measure post FTX collapse to the ATH (16k to 128k) but you and I both know that most retail folks ape into tops. This is why Bitcoiners should apply man math. Measure from cycle top to cycle top. 2013 - 2017 = 20 x 2017 - 2021 = 3.5 x 2021 - TODAY = 1.5 x Reality check: …Median house price in my home country of Australia is $1,016,700 AUD ($661,000 USD). In today’s Bitcoin value I need 660,000,000 SATS or 6.6 Bitcoin. To buy a nicer house I need 1,320,000,000 sats or 13.2 Bitcoin. *Many* old skool Bitcoin heads tell new kids on the block 1 Bitcoin will change their lives forever and they’ll retire in less than 10 years. *Many More* talking heads are claiming 0.21 or 21,000,000 sats will give them the house and the car and the early retirement! If it takes 1,460 days to go from 69k to 104k (using man math) then the math ain’t mathing for the path to the promised land that many talking heads spruik. Some food for thought 🍔 💭