If you want to fly, just drop everything that weighs you down

Anytime someone tells you a price prediction without a time frame, you tell them to fuck off.

Is the worst firmly behind us? Did the cruel winds of crypto winter finally die down, giving way to inevitable triumph of crypto spring? Are we in early stages of exciting, disorienting, breathtaking journey that is Bitcoin bull market, culminating with the fabled parabolic run?

People will are always be going to put their money into places where they think they can make more of it fast. It doesn’t matter if you tell them they are idiots.

A coin can be of technical merit, yet you have no idea what the price will do. Because the price has nothing to do with the technical merit of the project. Else ICOs would have never pumped.

One problem with S2F model is that it’s divergent, predicting ridiculous price of $1 trillion BTC by 2050 and infinity after 2140. An alternative FSM model is convergent and more realistic. But if you expect $1M BTC any time soon you may be disappointed.

“Bitcoin’s perceived value will increase over time, after weathering a few financial crises” – Totally agree! Just keep in mind that the median time between major financial crises is 8-15 years. So, you might not be there to witness “a few”, I’m afraid.

The scarcest commodity in the world is human time. Human time applied to productive activity is what makes economy happen, producing everything we take for granted. Human time spent sheltering in safe spaces, not so much. And no amount of money printing can compensate for that.

If you got all-in and don’t have any fiat funds, your ability to protect Bitcoin from a sudden crash is exactly this: zero. If you’ve built a leveraged long position against BTC collateral, you are not protecting Bitcoin from a tail risk. No. You ARE a tail risk.

Didn’t you know? It’s only manipulation when the price goes down! When the price is pushed up on zero volume while “magic halvening” fairy tales are fed to you, it’s not an attempt to ignite FOMO and trap retail traders! No no no! It’s organic growth and S2F is highly scientific!

I’m all in for a good old BTC parabolic but I’d like to cash out in the end. But it’s not possible if the price is pumped up by overleveraged players in the face of low liquidity and weak fiat inflow. That’s why I think this attempt to reignite retail FOMO is irresponsible.

There is a surprisingly big population of crypto fans who have no problem whatsoever turning the whole space into a huge Ponzi machine. As long as it makes them rich, which is the only thing they care about. If everything crashes and burns afterwards, who gives a fuck, right?

If you do everything your favorite crypto guru is telling you to do, you’re helping to achieve HIS goals, not YOURS. Don’t listen to them. Don’t listen to me. Think for yourself, and put your own interests first. That’s your first step on a way to freedom

#Bitcoin is this fascinating, one-of-a-kind cant-copy-that thing that welds together some pretty far-off fields of human knowledge to produce entirely new socio-cultural-economic phenomenon. Sounds banal to say that the price is its least interesting aspect but it’s still true.

In my experience, anyone with “.eth” in his handle is a clueless moron whose opinion should be discounted entirely. Yes, this also includes a world-famous boy-genius who started the whole damn circus.

Yes you heard about devs/whales/company/foundation behind Metoocoin unloading their premined tokens. Vile unsubstantiated rumors, your friendly community manager claims. Evil people just spread FUD to load up on $ME2 cheap. Just buy the dip and keep faith.

It’s not your size that makes you whale, it’s your attitude.