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by Esophagus4 144 days ago
The trouble with vibe-based pricing is it’s really hard to time the vibes. And hard to time the vibe dip.
1 comments
fallingfrog 142 days ago
Yes this is absolutely true. Difficult to impossible, I would say.. my prediction of "2 to 3 years" could very well be totally wrong.

The dominant narrative around bitcoin right now is "hodl because in the long term it always goes up." Thats the core premise that the bitcoin price is based on. If that premise were to crack, bitcoin could drop to near zero for all we know.

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Esophagus4 142 days ago
Yeah, exactly.

While I’ve been watching it, it seems like the narrative of value has rotated between:

- BTC will be a global currency (this has only proven true for illicit activity)

- BTC will be a hedge against inflation like gold (this has also not been correct recently)

- BTC is a store of value??? Which is just circular reasoning… you should buy it because other people are buying it

Idk man, what do I know

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