Fascinating to ponder.
My POV: just because we have information and a high-level of confidence doesn't mean we always rationally take action with that information. Yes, Bitcoin futures now have a large and liquid market, but it is still very reactive to narratives, and narratives are reinforced and amplified by actions (human and otherwise) not yet taken.
Even when that first action is 100% predictable (halving) , the results of the amplified narratives are unclear even when they might seem logical / clearly causal.
Humanity's understanding of Bitcoin is not priced in, let alone a specific event like a halving. Bullish. Also, I have no clue!
FraudGuy / Gerald Glickman
npub1uy…g9nq5
2023-11-11 04:41:22
in reply to nevent1q…yef9
Author Public Key
npub1uyl5ldg87s3tq83nsdgsrfy34qljae4fztfyhmkz848q3hcyfjmswg9nq5Published at
2023-11-11 04:41:22Event JSON
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"content": "Fascinating to ponder.\n\nMy POV: just because we have information and a high-level of confidence doesn't mean we always rationally take action with that information. Yes, Bitcoin futures now have a large and liquid market, but it is still very reactive to narratives, and narratives are reinforced and amplified by actions (human and otherwise) not yet taken.\n\nEven when that first action is 100% predictable (halving) , the results of the amplified narratives are unclear even when they might seem logical / clearly causal.\n\nHumanity's understanding of Bitcoin is not priced in, let alone a specific event like a halving. Bullish. Also, I have no clue!",
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