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  1. #3376
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    Dec 2008
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  2. #3377
    Join Date
    Dec 2008
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    This past weekend I haz reached target allocation for hodling. We're probably at a point now where new entrants face an increasingly uphill battle to be wholecoiners (owning >1btc). $10k BTC is much harder to accumulate than $4k BTC. Once it hits $100k there'll be very, very few both capable of and willing to take on the risk of buying an entire BTC.

    I'm of the view that this cycle terminates somewhere between $125k & $300k BTC. Good chance the next bear market has significant political churn of bans, attempted bans, etc. But it's tough to see that happening before BTC makes a move into trillion-dollar marketcapville. The social strain of watching neighbors get rich off something that has a degree of structural opacity that prevents understanding w/o substantial effort is going to drive the public insane with regret/jealousy/anger.

    public: You mean I get nothing unless I read and build knowledge? NO! I demand a seat at the table!
    btc: smell my mule

  3. #3378
    Join Date
    Dec 2008
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    4,936
    Price oscillates around protocol demand, which is correlated to stock-to-flow. Scarcity & protocol utilization as the two foremost drivers of market prices over the long term.

    Name:  scarcity.png
Views: 30
Size:  157.9 KB

    Name:  scarsity.png
Views: 29
Size:  109.1 KB

    https://medium.com/@100trillionUSD/m...y-91fa0fc03e25

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