It’s times like these that I’m reminded that no one knows what happens next with bitcoin. Previous cycles are relevant but it’s a super small sample size. On-chain info is helpful but limited since so much happens off chain. TA and trends are constantly invalidated. Stock-to-flow ignores the demand factor. Power law…IDK yet because its proponents have been too loud for me to dig in yet.
No one knows what happens next. Nothing is inevitable. Enjoy the ride.
Phil
npub1t4…w2j9u
2024-07-05 13:52:53
Author Public Key
npub1t49wf83gf22szm55ftjullyjs3cv9s7s3hky6f9fwfyjx7xfst6qaw2j9uPublished at
2024-07-05 13:52:53Event JSON
{
"id": "43a58b76d059e58adea0a360eba85e660d5d2651a2d58aecc37d9e4c9756d2bf",
"pubkey": "5d4ae49e284a95016e944ae5cffc928470c2c3d08dec4d24a972492378c982f4",
"created_at": 1720187573,
"kind": 1,
"tags": [],
"content": "It’s times like these that I’m reminded that no one knows what happens next with bitcoin. Previous cycles are relevant but it’s a super small sample size. On-chain info is helpful but limited since so much happens off chain. TA and trends are constantly invalidated. Stock-to-flow ignores the demand factor. Power law…IDK yet because its proponents have been too loud for me to dig in yet. \n\nNo one knows what happens next. Nothing is inevitable. Enjoy the ride.",
"sig": "adac3946cb0ffd05592f3ddf1b628f956e184ae35cf1b2578e32143767643996f9e09cdaf569ed2d48135ccabe2518423e56a7e7ece4aa9e4bf3d7b7f053ed18"
}