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I strongly suspect we will see a fake top around ~$120K that will lead to people thinking they are smart by selling all of their Bitcoin to buy back 2x their stack at $60K, only to watch the price move to $360K, which makes them FOMO buy back 1/3 of what they had instead of 2x—because it’s clearly going to $1M next and they think they will maximize fiat returns. This is how Bitcoin gets distributed rather than consolidated.
If you have to spend some bitcoin to pay for dreams (buying a business, buying a house), that’s one thing, and timing it can be an art, but trying to outsmart the market usually ends in getting manipulated out of position by the bigger funds that can control the price against you.
All that said, DCA in and DCA out (over a certain excess return APY) is also my strategy for over-allocating in.
It’s the people who try to time the market by going all in and all out that get super rekt.
Living in different time zones makes it difficult to join the calls but I would definitely listen to them of they were recorded.
As has been previously stated in other discussions here, and more broadly, a lot (most ?) held Bitcoin has been through a KYC process in it's acquisition, so any on chain activity is by default tied to the legal fiction ID of the holder - apart from that, there is the also the transparent nature of the blockchain, and the default ability to monitor the amounts, activity, and any grouping of other outputs in the sending of transactions (the 'clustering' that Chain analysis companies routinely sift the blockchain to collect) of Bitcoin transacted on chain, unless the user deliberately employs techniques to obfuscate any/some of these aspects - so on chain in particular privacy is weak at best both in relation to ID and to activity using Bitcoin for most people - then there is the potential leaking of location in the broadcasting of a TX unless the user employs other techniques to obfuscate that - it's far from a simple situation, and many people are no doubt revealing far more about themselves and their actions than they would prefer, or perhaps even realise.
i go with 99, hoping someone else gets the satisfaction of tipping 1 sat and seeing an even 100.
i’ve also been thinking about ways to get more people to tip, or at least to change their default tip amounts to something more significant... thoughts on something like this in replacement of the current tip settings panel?
https://i.postimg.cc/sXVWjcRv/Screen-Shot-2022-07-21-at-12-34-21-PM.png
Economists tend to have extreme recency bias. She appears to be a fairly young economist. I'm guessing she doesn't even know that the ZIRP she grew up with is an historical aberration.