Bitcoin Audible Roundtable_005 - 21 MIL NOT GUARANTEED!, Blackrock, Saylor, El Salvador, SBR, and more
Dec 23, 2024
Joining the discussion are Steve Simple, a long-time bitcoiner known for his keen insights, Bitcoin Mechanic, an expert in Bitcoin technology and mining, and Jeff Swann, who shares a familial perspective on Bitcoin. The guests tackle urgent topics, including the risks to Bitcoin's 21 million cap and Saylor's controversial dealings. They dissect the influence of major players like BlackRock, the cyclical nature of crypto markets, and the importance of emotional stability for investors. The conversation also highlights mining challenges and the potential for Bitcoin's future as a reserve currency.
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How's it going?
- Guy Swann asks Bitcoin Mechanic how he's doing.
- Bitcoin Mechanic replies positively.
Déjà vu 2016
- Bitcoin Mechanic feels like the current market mirrors 2016, with renewed energy and the return of uninformed opinions.
- He likens arguing with uninformed people on Reddit during the big blocker era to a self-appointed job, getting 'paid' when Bcash forked.
Bull vs. Bear Market Dichotomy
- Guy Swann observes a dichotomy in bull and bear markets: bull markets bring negative news and price increases, while bear markets have positive news but stagnant prices.
- He notes the current cycle's early stages and suggests that newcomers may not grasp the full extent of a typical bull market.