“Saylor bought the DIP”, A Short Bitcoin “movie” - page 2.

tranthidung

legendary

Activity: 2170

Merit: 3858

Farewell o_e_l_e_o

Quote from: Wind_FURY on November 30, 2021, 01:45:03 AM

How long must the protocol run before everyone accepts the fact that Bitcoin WILL surge towards 6 digits, and possibly become stable at 6 digits after 2 more bull cycles?

I remembered before the halving on May 2020, months before that, theymos had a post in which he wrote that it is unrealistic to hope that Bitcoin will reach to a price at which Bitcoin whales might own assets that are much bigger than national asset of small country.

I agree with this point but I can not find this post now. You can DYOR and find it if you have time.

hatshepsut93

legendary

Activity: 2954

Merit: 2145

It's a funny meme, but I don't want any more "Bitcoin Jesuses". What if he will become a big blocker or a shitcoiner because he'll decide that it can be even more profitable or because of his personal arrogance? There shouldn't be any Bitcoin leaders, because beginners can very easily trust all their words, which can create a situation when one person has too much influence on Bitcoin.

Bitcoin holders shouldn't care about short-term price and they shouldn't care if some Bitcoin celebrity buys the dip or not.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: Wind_FURY on November 30, 2021, 01:45:03 AM

How long must the protocol run before everyone accepts the fact that Bitcoin WILL surge towards 6 digits, and possibly become stable at 6 digits after 2 more bull cycles?

Bitcoin can never become stable but volatility can reduce. After bull cycles? Bolatii has been decreasing right from when bitcoin was created if every halving period are compared.

First halving, 2012
Initial price: $11
Highest prices: around 1100
That means it increased approximately 100x

Second halving, 2016
Initial price: around and below $700
Highest price: all time all of $19,665.36
That means it increased over approximately 28x

Third halving, 2020
Initial price: around and below $8000
Highest price: all time all of $69000
That means it increased over approximately 8x

Volatility has been decreasing right from the beginning, the volatility will also continue to decrease as bitcoin adoption increases.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Credit to someone in Twitter called @TradingSkew/Adam for the video.

https://twitter.com/traderskew/status/1465314141275623424

He posted the short video in that tweet.

How long must the protocol run before everyone accepts the fact that Bitcoin WILL surge towards 6 digits, and possibly become stable at 6 digits after 2 more bull cycles?

Topic: “Saylor bought the DIP”, A Short Bitcoin “movie” - page 2. (Read 236 times)