Oddbean new post about | logout
 If I'm wrong only because it just keeps going up, then it only means I'm right faster. 🤣 
 I think you're wrong on the timing & the prices. The general theme is accurate I just think it will more closely resembles epoch 2 or 3's price discovery. I also think the draw downs will be less severe/persistent during periods of consolidation.

I suspect there are many with a desire & means to accumulate a sizeable amount of Bitcoin. I think this cohort is increasing in number. 

They're price sensitive & have longer time horizons than most consumer trader cohorts.

My beliefs just confirm that I shouldn't be trading this stuff while attempting to increase my stack. I will probably still conservatively hedge against huge drawdowns, since I have little fiat income now. 
 I actually agree with you and my post was a lot less to do with the prices specifically, and more to do with how we will get there and what the people who suffer from BDS will say and how they'll act.