Quote from: julian071 on Today at 11:00:26 AM

Quote from: OutOfMemory on Today at 09:12:31 AM

Quote from: PrivacyG on Today at 08:51:42 AM

snip

To have a chance to fully understand all this, you have to go way back, to the times around WW1.
You will probably see why it's best to not take any sides.
Narratives are stronger than facts (did i say that before?)
We may evolve beyond this, i'd suggest after some thousand years, at best.
Our brains are too small to withstand narratives, which make us stop thinking, or think less.
The good news: We have evolved so far that we are able to identify problems. Now we have to take the bigger step to be able to solve them, without causing more problems.
Maybe the 90% of our brain potential most of us don't use (according to Albert Einstein) would come in handy...

It's bigger then that. Stories are no less important then facts. Every single thing that is man-made started as a story. And identity is based on stories, some of those stories we call 'history'. Much of what is going on in the world today revolves around identity, just look for it in the speeches of politicians from all walks of life.

One of those (hi)stories is the reason why western European countries are so eager to help Ukraine. Our stories here on the European continent are intimately intertwined. And we recognize ourselves in them. Humans are more inclined to help those whose identities resemble their own.

Century of the Self is must-see stuff!!

Correct. We are even story-driven lifeforms. We tell stories all the time, even to ourselves: In our minds, even when we sleep.
Everybody having a little bit of Meditation experience knows that the mind constantly chatters. A narrative species.

Quote from: BitcoinBunny on Today at 12:08:58 PM

I think we may see a short term dip to the low 30Ks or even lower in the worst case scenario.

This week I think will be key with oil and gas prices going mental the central banks will have to react and I think most likely indicate that interest rate hikes are completely off the table.
Inflation is going to run rampant regardless of interest rate hikes anyway.

Whether governments will indicate that net zero green policies are out of the window for now I'm not sure, but probably not.

Personally I don't see how EVs will be viable if gas prices continue to go crazy (gas is used for much of electricity generation in Europe). Running them will cost as much as filling up with petrol soon and they cost far more to buy, so what is the point?

Once things settle down (and I think they probably will) towards the end of the year we could see major lift in the economies and a new ATH for BTC.

But for the moment I think it will be doom and gloom.

This would make the mid term prediction of $32k bottom and subsequent bull market resume true.
At the other hand, it would form a double bottom, which is also bullish, afair. But i stopped believing in patterns too much anyway.
1BTC = 1BTC