Post
Topic
Board Speculation
Re: Bitcoin price cycles
by
Raize
on 23/12/2020, 01:52:51 UTC
You're right about S2F being the popular model on crypto twitter right now. I think you had the right idea though, parabolic increases on an exponential scale. That's basically S2F anyway.

The big goal for me during this next rising event, hyperbitcoinization or not, may end up being correctly calling what the top or high will be.

Given the current geopolitical state, I don't foresee a future where the US avoids some sort of hyperinflationary rout. Everyone at the federal level is like Oprah right now giving out free cars: https://www.youtube.com/watch?v=pviYWzu0dzk

Oddly enough, even the people in that audience had to pay $7k in taxes to at least keep their cars. None of us Covid relief recipients have to pay anything. It's just free money. Joe Biden gave a speech today about a third relief bill with even more money. This shouldn't be happening.

Historically, currencies don't survive these kind of situations where money becomes so plentiful. There used to be a time where I would imagine this is all some sort of conspiracy to create a Fedcoin or USAcoin or something, but I don't know of anyone at the Fed seriously even proposing a solution to the inevitable problem they are letting Congress create right now.

This isn't going to end well. No one seems to be sounding any sort of alarms about it right now when it is most important to be loudly warning people of the folly taking place.