Yep... Seems like a slow climb back to where we were..

Of course, we can never know if we are going to resume down or resume up in the short term, even though it would be premature to be expecting that we have been knocked out of the bullmarket...

I would think that the presumption for up remains stronger than either down or sideways, even though in the short-term we could get tricked... 

On at least a couple of occasions, historically, I have been tricked into believing that the bullmarket was still going, and poof, all of a sudden, such bullmarket was no longer happening. 

So, what do we do about our predicament?  Maybe what we do partially depends on how many bitcoins we have already accumulated and whether we believe that we need more or not?

By the way, if anyone has been handing down bitcoin to their kids, some of those kids are going to be in a position in which they might never need to work.  I recall lecturing Jbreher on more than one occasion that he should not be giving whole BTC to his kids and to all his relatives.. so I am not sure how that worked out, but surely several gifts of whole coins through the years could have had added up to a lot of coins, so long as the relative held those coins...and I am thinking that Jbreher was even claiming to have had given 1 BTC gifts away after the 2017 run up.. which we know that in 2018, BTC prices came down to $3,124, but then they spent quite a bit of time in the territory of $6k to $9k through 2019 and even quite a bit of 2020... We did not really get to supra $10k and then more importantly stay there until late 2020.

I would think that after 2020 not as many normies would have been gifting 1 BTC quantities or more, even though many of us likely recognize and appreciate that there is a certain kind of unit bias that causes so many of us to focus on 1 BTC as if we don't know how to learn how to break bitcoin into subunits.. which likely satoshis are going to have to become way more popular.. especially since bitcoin crossed over $100k (around May 8th), and stays over $100k, it has not really been possible to get even 1,000 satoshis for $1... so even these days a $100 is getting us less than 100k satoshis.. but satoshis and whole units are making more and more and more sense.

I am pretty sure that I gave away more than a few bitcoin over the years, but they were a combination of various results, and sure sometimes they added up to a lot, and one of the more significant amounts that I recall giving away was slightly more than 0.2 BTC (20 million satoshis), so at the time in late 2014, it was ONLY the equivalent of an $80 gift when BTC prices were then slightly below $400, so of course, right now that $80 gift amounts to right around $23k.. . but yeah those are small potatoes  compared to the 1 BTC gifts that maybe used to be more common.. but are seeming outrageous for a kid or even some kids college funds might have had grown to levels that were way beyond expectations, even though surely the cost of college has also grown quite greatly over the past 10-ish years too.


I suppose one thing is getting to a point of testing $100k, which surely seems possible, especially when the BTC price is dropping greatly... but then when it stops dropping then we find a bit of relief.

We even had one day since May 8th that the BTC price did drop below $100k, and it bounced off of that $98k, so it does not even mean that if it ends up possible for the BTC price to break $100k that it would keep going down to $90k. 

I am not sure how to feel about all of that since sometimes it does come to pass that we end up getting short term drops that go beyond expectations. .and then they may even linger at low price points for a while and contribute towards further loss of morale from holders and inspire more folks to sell some or all of their coins at a time that ends up not being to their benefit.. perhaps incurring a lot of losses and even worsening their morale (and attitude) towards bitcoin in some cases.