SqNr65 on Nostr: Nico I gotta say, you always talk about how the China ban cut the last cycle short ...
Nico I gotta say, you always talk about how the China ban cut the last cycle short and we were destined for 100k
But both can't be true. The ever changing and ultra dynamic market conditions present at the time made the price skyrocket. Those same dynamics and changing market forces made the price crash. The China ban was one of those forces for sure, and if it hadn't been so, things would have been different. But if my grandmother had wheels she would've been a bike
You're talking about the retrospective outcome of a marketplace that is directed in proportional part by each of its participants, saying something "was going to happen if not for x" is the same as saying the sky would be green except that it's blue. Like..it's true but.. I mean..
"What each person wills is opposed by what each other person wills. And what emerges is something no one willed"
- Friedrich Engels (as quoted by Dr. Thomas Sowell)
But both can't be true. The ever changing and ultra dynamic market conditions present at the time made the price skyrocket. Those same dynamics and changing market forces made the price crash. The China ban was one of those forces for sure, and if it hadn't been so, things would have been different. But if my grandmother had wheels she would've been a bike
You're talking about the retrospective outcome of a marketplace that is directed in proportional part by each of its participants, saying something "was going to happen if not for x" is the same as saying the sky would be green except that it's blue. Like..it's true but.. I mean..
"What each person wills is opposed by what each other person wills. And what emerges is something no one willed"
- Friedrich Engels (as quoted by Dr. Thomas Sowell)