Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Am I the only one who still thinks PlanB's model is not only a still not invalidated, but indeed the longer we go below the line this cycle the more likely we spring up even higher to compensate during the current epoch? (Not saying we Will... But if we do...)
I think many folks latched onto his somewhat conservative 100k by 12\21 prediction and when that didnt come true they declared his whole theory invalid.
But it isn't. Yet.
I don't even really subscribe to the model, and think it nearly certainly is invalidated in time.
But it simply is not yet. If we rocket deep into 6 figures I wonder if people will admit they were wrong as quickly as they jumped to accuse him of that.
We may get to see!
I think many folks latched onto his somewhat conservative 100k by 12\21 prediction and when that didnt come true they declared his whole theory invalid.
But it isn't. Yet.
I don't even really subscribe to the model, and think it nearly certainly is invalidated in time.
But it simply is not yet. If we rocket deep into 6 figures I wonder if people will admit they were wrong as quickly as they jumped to accuse him of that.
We may get to see!
Yea, sure, albeit he himself was saying before that we should judge his hypothesis by an earlier time point than 2024.
I am not sure what would be a falsification of his hypothesis? Looking back from 2025?
Frankly, i don't even care much anymore and people seem to kind of move on.
To me, we are transitioning out of the large influence of the four your cycles and, hopefully, switching on to a supercycle of usage (changing that param from 100mil to 1bil) in the next 4-5 years.
The price should follow at least at the early and mid stage of the 'hockey stick'.