Oddbean new post about login | logout I’m really getting tired hearing about the price of bitcoin… For fucks sake I’m so over the ngu maxis… It’s all so tiresome
It's a bull market... And the price is the reflection of the value flowing in & the growth in the bitcoin economy. You can't have global adoption of a fixed supply asset without number go up.
I’ve been doing this to long… I do not think we are in a bull run…
We are definitely in the bull portion of the cycle. I think our current ATH status is only because the China mining ban prevented last cycle's blowoff top, so we may actually be earlier in the cycle than people think... Looks bullish AF to me. https://image.nostr.build/bd5c5b0a5aff92b7a3fa9ea1d0f6329d47b09b1f6d798419d7ae3275f40f8e37.jpg
Um yeah I know what the charts look like…. I still do not think we are in a bull run…
Okay, why not?
Just not enuff price action…
Mate we're what? 400% up from the 2022 bottom? How is that not "price action"? I would concur with you that the volumes are kind of anemic. But price calls volume and volume drives price, so...
Bitcoin maxis are fiat maxis 😅🤣
No, we just understand monetary network effects, & people who hold shitcoins don't. The goal is not more dollars. The goal is a bigger bitcoin economy. The price is just one indicator.
Why wouldn't someone be happy when their chosen method of savings is becoming worth more food on the table or a goes further to keeping the roof over their head? 1 sat = 1 sat, but what about the goods and services I need to survive and thrive? It's not irrelevant.
