Oddbean new post about login | logout A shocking number of people email me and ask about bitcoin price predictions over the next 3-9 months or so. They’re generally along the lines of, “Okay, but what do you think the odds are that we have a big recession, get a liquify shock, and bitcoin retests $30k? I read this article by [insert macro permabear] and he said that…” I’m going to start replying with nothing but my pictures of beaches or something. Very few people build wealth by trying to catch every twist and turn of the market. Focus on long-term trends. https://image.nostr.build/f6e7b51bb4c552e9c405ccdee42dd792e214f42a22184d18479e8b1c9b1a8dc7.jpg
I'm building wealth by having piece of mind.
Which piece?
The frontal lobe.
It’s a nice slice of brain.
Indeed, 2nd only to the cerebellum.
👏👏
Translation: Tell me when to buy for sick fiat gainz, so I can blame you if I buy the top. Just send all those closet fiat maxis to your spam folder. They don't deserve a reply.
I just follow 4 year trends, that is all.
I see no #Fish in the water. I was promised #POF
Got to go to the Read Sea for fish. Here’s a pic I took snorkeling a couple years back. https://image.nostr.build/bd766161e485d8cb2304e723ce9ca7cb7ff22de6507c2f3dd6a2f9bf3d2e0403.jpg
Ah… I need to go a deserty place to find Fish now. What luck? Looks like all the fish in the west are taken. Thanks though.
Someone tell daddy pig that the price has to stay low so that lightning channel provision remains economical.
Touch water, stay humble and stack sats. Is it the Mediterranean sea? Have a short flight to SSH and then go to Dahab. It's still a bit like a Hippy village. The Cairo kids going there to have party, smoking weed, drinking beer, while police is looking the other direction.
And off course a lot of fish. Snorkeling, diving, everything.
You have taught people to fish… but they still would rather have everything handed to them
If you don't buy when the price drops, when will you buy? I don't believe people bought bitcoins with anything other than spare cash. Those who bought a few years ago are now worth ten times what they were worth. I doubt anyone is cashing in. nostr:nevent1qqsdkl9q0w6wyj7x8uxajcs6xwrmuev0tu4874etvdg4eyhefgwy4pgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg82krn4d5etsz7dge8nmpztspqrqvr45yl2hs6enfmzexk84wglfupsgqqqqqqseymqu3
Maybe they are bots
My other client had trouble with the video upload, but on Primal it seems fine. https://m.primal.net/JBxD.mov
A quick way of showing how (most) permabears function on youtube, you can just show their video thumbnails for the last year or so. It often says "here it commes, now it's serious" in every single video.
Can you just post pictures of beaches anyway. That’s a really nice pic
Bitcoin Power Law is the simplest of the long term trend models, and imo is quite beautiful. https://onebig.life/powerlaw https://m.primal.net/JCEp.png I've just built this page showing the beautiful straight log-log regression line, with a price/date calculator. No trackers and no VPN blockers (I'm talking to you, Bitbo charts). Just a free service from one bitcoiner to others.
Lettuce hands. Though i am highly interested in the 10-12 year frame. Bitcoin factors huge in my retirement planning.
there is no place for your name in bitcoin
check your privilege... if you don't need to spend from your bitcoin bag and have a healthy source of income then ok... but if you are living and paying bills from your stack then a 30k retracement can be catastrophic... you either cant afford food anymore or end up depleting your stash... so price awareness is important for everyone who is living on a bitcoin standard and is not well off
What is your price prediction over the next 1-2 months Lyn?
🤗 🤙🏼 love it, “perspective training”! https://image.nostr.build/25a20bcae25a3edb7e70d36dec067e3e6d128a1decb355513afcb36e299d3bed.jpg
Somewhere, Northern Greece https://m.primal.net/JUcv.jpg
