Oddbean new post about login | logout 🎯 👆🏻 #Power of brain power of bitcoin! Stay humble and stack sats #Nostr #Bitcoin 🙌 https://image.nostr.build/3e43495ccdde426d69ee890a2e1525890b790826a60abba7cd68ca52a5d3b29c.jpg https://image.nostr.build/e377168b2028ceef27fc44e4ae8045122696030b58c8954c6123878114fa792f.jpg https://image.nostr.build/c462342196a95fddf72bf4068f8348ea60f782baf66b98a33d6cac4fbb9c78ee.jpg
BASED
These articles miss the mark. Same for the articles on El Salvador, they all refer to Bitcoin as a “Bet”. “Their bet paid off”. Yes, it’s a bet if you only invest in Bitcoin for 2 months and try to time the market. Or if you are a day trader. But if you HODL there’s nothing remotely close to a “bet” in holding Bitcoin. That’s why I find the 200WMA chart so powerful. Everyone that held Bitcoin for 4 years or more is in the green. Not much of a gamble if you zoom out to remove the noise … https://m.primal.net/MDCI.jpg
will this model break this cycle?
In my opinion all models will break. 👇 nostr:note1r6n9n58d8dwhwc68nylqu6qp52ac78kk9g0jpptxk4g4y894vdvsws63xa
It would be unlikely to be broken, at least this cycle. Right now the 200WMA is at about 40k. It’s unlikely that the average price will be lower than 40k in the next 4 years. That’s not to say that the 4 year average price will always go up. I’m sure one day there will be a 4 year long bear market which will break the up trend, but I don’t think it will be anytime soon!
It's only a "bet" if you don't have a basic understanding of its value propositions.... normies still don't get scarcity vs the infinite supply of fiat. SMH 😒
