FraudGuy on Nostr: Fascinating to ponder. My POV: just because we have information and a high-level of ...
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!
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!