create account

Bitcoin Top Blow Up- What if it's different this time? by rmsadkri

View this thread on: hive.blogpeakd.comecency.com
· @rmsadkri ·
$36.41
Bitcoin Top Blow Up- What if it's different this time?
Podcasts are my favorite source to consume crypto content - metaverse, NFTs and bitcoin. It is easy to listen to and you can run it in the background while doing other household chores. Of course, I will not be listening to podcasts when I am writing a post :P

Btw, that reminded of the latest AMA/podcast posted @leofinance twitter where the community members shared their thoughts on the state of Leofinance and the next steps. I am planning to write a separate post on that but great job with @Leoalpha guys.

I just listened to an episode from coindesk podcast network where NLW interviewed Dan Held. Here's a link [NLW PODCAST](https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL2xhdGUtY29uZmlybWF0aW9u/episode/Z2lkOi8vYXJ0MTktZXBpc29kZS1sb2NhdG9yL1YwLzNBZlVVRmJUT1dZXzVnQzBSZ2YtM3VLUHVyRnR4WjhHTHFWa3p5d1hZalE?sa=X&ved=0CAUQkfYCahgKEwjwlduRzbb0AhUAAAAAHQAAAAAQ2gY) They are the long time bitcoiners like many OGs we have in our platform. They were discussing BTC culture and how mainstream BTC could mould into something else with the mainstream adoption from its historic characteristics - techy, geeky, non-sovereign.

![Slide1.jpg](https://images.hive.blog/DQmcEJrMv4As8YUDMPnPZZ5fkz4ZdM2YLwxosDTe77zJm2G/Slide1.jpg)

## Current Bull Market
They also managed to discuss why the current bull market is not over yet. They think the EUPHORIA is not yet out there. 
> There are so many articles on Leofinance where authors mentioned how you would know that this is the top. 

BTC would be everywhere when it’s the top. Almost the whole planet will be talking about BTC when that happens. And, the argument is since that has not happened yet we cannot call this the top and there's more to come.

> What if that's not accurate? What if the market is more mature now?

I think the BTC cycle this time around is more mature. I am not sure but I seriously think that the social networks and high profile adoption have made this cycle a unique one. May be the market top will demonstrate similar characters that it showed in previous cycles. But, it could also be argued that the top will never blow up this time and it can go sideways like any other mature stock. 

The BTC has always been considered as the best asset in the planet. The original coiners have always predicted that the mainstream adoption will happen. It's happening right now as large institutions and mainstream influencers are revealing that they own BTC and crypto assets. In a way, it's a validation of the asset and the importance it holds among the super powerful entities.

> So, what does this mean?

From that perspective, the USD price of bitcoin could reach $100K like Plan B is predicting in his stock to flow model by end of 2021. Or, it will take longer to touch that price point. What if the price never sees that euphoria and never comes down to the level others are expecting it to come down.

There are many narratives in the crypto space. Defi started that trend, NFTs took it over and DAOs are the rage right now. Social tokens are yet to explode with projects that are trying to create applications to solve real world problem such as supply chain issues.  I sound overly optimistic yet pessimistic but anything can happen for sure. This is a game where we play scenarios in our head . These scenarios could be controlled by the very few whales or the group of influencers. At one point, that influence will have to follow the market trend as more and more adoption comes.

In that sense, the market top could look very different from previous cycle due to the factors that were not present previously. Obviously, the USD price could jump all the way up and could stabilize around the same price point. I am not a TA expert and do not have economics expertise. I do think that adoption will play its part and could change the way the price action plays out. 

>  never thought that I would work from home more than a year and would adapt to MS Teams version of the work. But, I did.

The shift worked and it is being normalized now with the way we work. The pandemic has pushed so many aspects of our society and economy to 5-10 years forward to the future. May be the pandemic has changed the general population perceive the crypto market and it will be different this time. 

Let's wait and see.


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rmsadkri/bitcoin-top-blow-up-what-if-it-s-different-this-time)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 20 others
properties (23)
authorrmsadkri
permlinkbitcoin-top-blow-up-what-if-it-s-different-this-time
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["bitcoin","bullmarket","daos","nft","metaverse","economics","thoughts","proofofbrain","hive","leofinance"],"canonical_url":"https://leofinance.io/@rmsadkri/bitcoin-top-blow-up-what-if-it-s-different-this-time","links":["https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL2xhdGUtY29uZmlybWF0aW9u/episode/Z2lkOi8vYXJ0MTktZXBpc29kZS1sb2NhdG9yL1YwLzNBZlVVRmJUT1dZXzVnQzBSZ2YtM3VLUHVyRnR4WjhHTHFWa3p5d1hZalE?sa=X&ved=0CAUQkfYCahgKEwjwlduRzbb0AhUAAAAAHQAAAAAQ2gY"],"image":["https://images.hive.blog/DQmcEJrMv4As8YUDMPnPZZ5fkz4ZdM2YLwxosDTe77zJm2G/Slide1.jpg"]}
created2021-11-26 18:34:45
last_update2021-11-26 18:34:45
depth0
children4
last_payout2021-12-03 18:34:45
cashout_time1969-12-31 23:59:59
total_payout_value18.258 HBD
curator_payout_value18.154 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,429
author_reputation133,783,242,689,207
root_title"Bitcoin Top Blow Up- What if it's different this time?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id108,036,150
net_rshares11,390,037,222,609
author_curate_reward""
vote details (84)
@cmplxty ·
$0.09
Definitely a whole lot of uncertain things going on but one thing that is certain is that crypto and Bitcoin are gaining in awareness and popularity. I wonder how far behind other projects like ours on Hive will take before they get that kind of adoption? I know that in one of the crypto discords I'm in (not a lot of people in there thankfully, can really focus and read instead of getting drowned out) some of them heard of Hive and some heard of Splinterlands but only one was on here. Promising to hear from a bunch of crypto people but when will they take the jump and give it a whirl? I'm slowly trying to pry them open to the concept lol

Who knows what the price of Bitcoin is going to do. It's all over the place but one thing that I heard in the discord today that I loved is people are crying about the price dips of bitcoin. I'm of the mindset that I'm getting 5,10 or 15% off right now!
πŸ‘  
properties (23)
authorcmplxty
permlinkre-rmsadkri-r37nna
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.09.1"}
created2021-11-27 03:14:00
last_update2021-11-27 03:14:00
depth1
children2
last_payout2021-12-04 03:14:00
cashout_time1969-12-31 23:59:59
total_payout_value0.046 HBD
curator_payout_value0.043 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length900
author_reputation791,272,303,988,903
root_title"Bitcoin Top Blow Up- What if it's different this time?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id108,045,253
net_rshares29,920,175,683
author_curate_reward""
vote details (1)
@rmsadkri ·
I seriously think that I am late with BTC. I wish I had more liquid dollar to invest into these projects. I am short of liquid money due to the house purchase. I am managing my mortgage and living my regular life. There are no savings. I may have to rely on Hive and other platforms for passive income. 


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rmsadkri/re-cmplxty-3dfxij)
properties (22)
authorrmsadkri
permlinkre-cmplxty-3dfxij
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@rmsadkri/re-cmplxty-3dfxij"}
created2021-11-27 03:25:36
last_update2021-11-27 03:25:36
depth2
children1
last_payout2021-12-04 03:25:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length398
author_reputation133,783,242,689,207
root_title"Bitcoin Top Blow Up- What if it's different this time?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id108,045,542
net_rshares0
@cmplxty ·
Yeah I hear you man. We are trying to sell our condo and move to an actual house in the coming months. Then the extra cash to buy some bitcoin here and there might not be quite as available lol. I've got a healthy stake in Bitcoin so I'm happy. It could always be higher for sure but it's better than it was before. Just gotta grow what you can! I think for not having much funds to invest in stuff, you're doing pretty damn good already man. Having 5k Leo is a significant size that many don't have so we take what wins we can!
properties (22)
authorcmplxty
permlinkre-rmsadkri-r37oho
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.09.1"}
created2021-11-27 03:32:15
last_update2021-11-27 03:32:15
depth3
children0
last_payout2021-12-04 03:32:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length528
author_reputation791,272,303,988,903
root_title"Bitcoin Top Blow Up- What if it's different this time?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id108,045,648
net_rshares0
@poshtoken ·
https://twitter.com/raamesa/status/1464330231506948099
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
properties (22)
authorposhtoken
permlinkre-rmsadkri-bitcoin-top-blow-up-what-if-it-s-different-this-ti32154
categoryhive-167922
json_metadata"{"app":"Poshtoken 0.0.1"}"
created2021-11-26 21:02:42
last_update2021-11-26 21:02:42
depth1
children0
last_payout2021-12-03 21:02:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length242
author_reputation5,791,394,530,851,110
root_title"Bitcoin Top Blow Up- What if it's different this time?"
beneficiaries
0.
accountreward.app
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id108,039,184
net_rshares0