On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.
Yes. Though I lean more towards an s-curve. I just think anyone that gives any weight to twitter is making a mistake.
Agree on both of these points.
It surprises me that the S-Curve idea seems to be a teeny minority position. People are much more apt to believe it is going to keep following the 4 year S2F pattern. And if they discount that they tend to think it will do the "just goes up" version. Very few people seem to think that it will have a really big runup in the middle of all that.
It's slightly cynical, but these things tend to catch people off guard. And I think the traders and the people who think just gently DCAing will miss a lot of the move just because it will be fast. And lot's of folks will sell on the way up with the intention to buy the pop and never recover but a fraction what they sell.
The max pain theory really does support the idea that it moves up fast one big time.
But who knows? I will be ready for any version, lol.
And yeah. Twitter is a mess.