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Do you think bitcoin could stabilize around its current purchasing power?

That just seems implausible to me. We’re either going way up or way down.

That just seems implausible to me. We’re either going way up or way down.

uh, that's not reassuring. If those are my only two options, given the trajectory and greatly slowed down pace in everything that matters (+ asset market opportunity cost), down is way more likely than up. So, uh... maybe Saylor should preempt it and sell it all?

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Up = Bitcoin becomes a useful money
Down = It doesn’t

Flat, I guess means all eventual adoption is priced in already. Although, even there, it seems like we should still be pretty steeply up to compensate for volatility and other uncertainties.

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...or, our models are wrong and what we see isn't there/isn't needed/isn't wanted

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Wouldn’t that send us downwards?

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Maybe. The few remaining suckers holding the price up with DCAs and financialization might not have recognized it yet

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Seems like it would be bigger news if everyone else realized something about bitcoin that we didn’t.

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4 yr cycle.

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