Post
Topic
Board Economics
Re: "Prepare for defation in 2023"
by
franky1
on 08/01/2023, 02:46:09 UTC
as for the windfuryism that he thinks there will be 2015-2017 event of a 60x (333-20k)
in 2023.. he is mistaken by about a 10x (meaning expect a modest 6x max instead)

there were 3 events in 2016 and 2017 thats caused the price of 2017 to be 60x higher then 2015
and those 3 events over a 3 year period.. which are not going to happen in 2023

firstly mining transitioned from a 1.2thash(s5) to  14thash(s9)
then there was the halvening.
then there was the speculation of the protocol change and late re-valuation from halvening costs

none of which similar events are really things to have happened or about to occur in 2023

when you look at the value premium window of underlying bitcoin trade window of $10k-$75k 2021
2022 sees a $15k -$90k potential of trade speculation market window

so unless hashrate becomes extremely alot more then it is now to stimulate people wanting to buy bitcoin above $XYZk
most people wont want to buy above $100k based on current value window

yes we might see a potential speculated amount somewhere in the $15k-$90k zone if the right speculation triggers occur. meaning maybe upto 6x

but no way will we see a 60x of $900k in 2023