Once again, I'm replying before fully catching up - ....
I got over that "psychological" posting barrier many auroras ago.
I hope that I am not giving up too much OpSec to be saying that I did shoot this one, personally... .. .. it was about 3.55 days prior to this post.
Apple is about to open its payment (NFC) chip up to 3rd parties. What does this mean exactly? It means that soon you will be able to send crypto using your phone with the same sort of ease that you make an Apple Pay transaction now. This is the beginning of mainstream adoption. It’s also lining up perfectly with the end of BTC being dumped by mtgox and governments, the distribution of cash to FTX users, corporations filing their holdings, and the 4 year Bitcoin cycle. Amazing how this perfect storm lines up every four years. $800K next year 6 years is very much looking like a possibility nobrainer.
ftfy
btw remember when everybody back then was talking about the 100k party and where to do it?
Now that we are getting closer I feel 100k will be almost like a nothingburger ...although a huge achievement of course!
LOL. I remember everyone in my slack group in 2016 talking about how we were all going to fly our private jets to meet somewhere for a party when Bitcoin hit $4,000. It was supposed to be a magical time when everyone partied together and got along. Then people sold early and when BTC did head all the way to $20K, everyone started fighting and blaming each other for why they weren’t rich. Desperately looking for someone to blame besides themselves and lashing out at those who they felt shouldn’t have gotten the success they ran from by selling their Bitcoin early. So don’t hold your breath for a great community party, or even a more positive environment.
I don't remember all those kinds of internal squabbles, but I recall a lot of sentiment from newbies to sell around the previous ATH, which was $1,100-ish.. and I recall thinking that the top for the cycle would likely be in the $3k to $5k region, but yeah, we know that we did not spend too much time in the $3k to $5k region except when we corrected back down in 2018 and even a bit of those $3k to $5k prices in 2019 and briefly in 2020.. .. so yeah, even the corrections did not spend much time in the arenas that we thought were going to be our 2017 explosive tops.
We sure have come a long way baby, even in spite of your recollection of various kinds of divisiveness - and those proposed parties are merely talking points anyhow.. Hard to really imagine much follow through with them.. .. even though surely some groups of bitcoiners to bond, and meet in real life, too, especially folks who have already met up in real life, including conference goers or already known (publicly outed) bitcoiners bonding with other already known bitcoiners.
[edited out]
I wonder who Fud them into selling?
It can be difficult for the traders to get out of that mentality, and surely we have seen so many bitcoiners who sell way too many too soon...
There can be some good in selling on the way up so that we don't end up selling too much.. but selling enough so that we don't panic too much.. yet part of the problem still comes from guys selling before they even have enough BTC... so they are still in their BTC accumulation phase and they are starting to sell.. .. .. These are tough decisions especially if we suddenly might see rapid BTC price rises.
We may well be somewhat out of those times of the 20-60x or more in a relatively short period of time, but we might not be out of the 5x to 10x in relatively short periods of time, which can cause similar kinds of dilemmas for anyone who might be lacking confidence in whatever plan he had established, if any, regarding how to manage his BTC holdings.
