Oddbean new post about | logout
 PlanB is going to get a lot of newbs rekt again this cycle 
 pro and con to this - for example the data side of the model and connecting it to scarcity really clicked for me in 2020

Because of that I read the BTC standard and started going down the rabbit hole

So yes, set my expectations off based on a bad model but part of the reason I dug further 
 One more thought, in the "normie" mind I find that unit bias is more prevalent than ever before. A lot of those I talk to see BTC exchange rate this high and can't see how it gets much higher so shitcoins seem more approachable.

Having models to show how BTC (not saying plan b or s2f specifically)... Just being able to articulate why there is no top for BTC with data + model has been an effective way to get past that bias. 
 Stay humble stack zaps 
 bitcoin likes maximum pain.
maximum pain calls for no new ath for a few more years, get up to 67 or 68 teasing before slunking to 58k. 
 This isn't true at all. Maximum pain would entail price ripping into the hundreds of thousands. More people are without bitcoin than hold it. 
 Maximum pain would be spike to 90 within this month and crash down to low 30s...before ripping back up again. Any one of those points done painfully slow 
 As the market gets less liquid from no coins being available there will be extreme volatility.  Wide market spreads and small amounts available. 
 I’m fairly confident that Plan B is Dave Ramsey. 
 Ok but they don't sound alike at all 
 Based on... 
 Dave’s dutch accent obviously. 🤣 
 “Plan B” literally means second best.  There is no second best. 
 Plan B(itcoin) has served as a euphemism for the bitcoin path instead of the fiat path before him. 
 Man I grapple with this. Without FTX and Terra Luna what’s the price actually get to in the end. Models don’t account for Black Swan events and manipulation. Still a bit much but buy and hold. 
 He is still around? 🤦🏻‍♂️Please everyone do not follow price call grifters.... Others will he screaming SUPER CYCLE again this cycle too probably. 
 I don't think you can stop newbs making mistakes.

Tuition fees. We all paid them.

Nobody got rekt staying humble & stacking sats. 
 Agreed 
 That fuckin guy again 
 Have completely forgotten about him. And his dumb s2f model. That model was inevitable not getting thrown in your face on Twitter in 2021. 
 But the price is going much higher.