Oddbean new post about | logout
▲ ▼
Cyph3rp9nk | 10 months ago (raw) | export | reply | flag +12 
 I will tell you clearly, after the halving if there is no monetary expansion cycle bitcoin will not reach new highs.

Halving is overestimated in terms of price.

https://m.primal.net/HWdR.jpg
▲ ▼
Theory of Everything | 10 months ago (raw) | root | parent | reply | flag +1 
 1btc=1btc
▲ ▼
mleku | 10 months ago (raw) | root | parent | reply | flag 
 halving is log 2, monetary expansions have been log 10 and i'd bet that's the ratio of difference

either the expansion continues or this next 4 years it blows off and they burn the place to the ground

the destruction of the economy will also slow the rise in speculative value of bitcoin but it may increase it's utility value, since failing fiats drive bitcoin adoption
▲ ▼
OT | 10 months ago (raw) | root | parent | reply | flag 
 They will have to
▲ ▼
Kensho | 10 months ago (raw) | root | parent | reply | flag 
 Its doesn't matter. They either steal easy (inflation / monetary expansion) or hard (knock on the door). Either way, they're stealing. I don't want to be stolen from.
▲ ▼
nicnym | 10 months ago (raw) | root | parent | reply | flag 
 Lmao