Bought another Bitcoin this morning at $61,700
Ignore the news, ignore the doubters, ignore the uninformed, ignore the illiterate, ignore the innumerate
Keep stacking
@dotkrueger Such an interesting point that the market changes from multiple monopolies to a couple extremely competitive companies.
Especially when the switching costs are small when they use md files and code bases for context.
I’m seeing the bitcoin power law floor manifest in the discourse here:
Lots of low price calls combined with “but I’m buying anyway.”
People are starting to agree that Bitcoin is cheap.
At some point there are not enough sellers to keep the price down.
I’m seeing the bitcoin power law floor manifest in the discourse here:
Lots of low price calls combined with “but I’m buying anyway.”
People are starting to agree that Bitcoin is cheap.
At some point there are not enough sellers to keep the price down.
In a few days the bitcoin power law floor (p5) value will be above 60k USD.
Higher than the previous low in February.
Meanwhile the price tests the lower boundaries.
Will the floor hold like it always has?
the first time i bought bitcoin it was $600 and back then nobody talked about being $68k one day
yet here we are
bitcoin is going to $1M
it's not complicated
Bitcoin is very cheap compared to the power law trend, which is at 138k or so today.
Close to the 60k floor.
Trend moves to about 160k in January 2027 to 215k in Jan 28, close to 300k in Jan 2029.
A good euphoria phase easily allows 2-3x trend.
The opportunity of today is striking.
$BTC's North Star
Bitcoin's P-10 floor is chasing price.
Spot: $68,278
P-10 floor: $62,447 or 8.5% below.
And it isn't flat. It's rising.
P-10 floor ladder:
Jun '26 $62K
Sep '26 $69K
Dec '26 $76K
Jun '27 $89K
Dec '27 $108K
If price falls, it tests the floor.
If price chops, the floor rises into price.
Either way, the gap closes.
By September, the floor is already in today's spot zone.
Bitcoin doesn't need to crash for risk/reward to improve.
It just needs time.
This is a good a time as any to remind ourselves:
Everybody needs to save money for a later day.
The best way to save money is in the hardest, best form of money.
Bitcoin is the hardest and best money ever made.
Therefore, everybody will save in bitcoin.
@r_pavan You can avoid most of it if you setup a BV and use an agio deposit to send bitcoin to it.
It keeps it tax free since only realized gains are taxed.
You can borrow against it even tax free.