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Nic is right... nothing_ about it makes sense

Bitcoin has always had sizeable corrections after big runs. None of this is mysterious....

Price goes up 3x
People take profits
Price falls
People who bought at top now harvest tax-losses at year end
This exhibits further downward pressure

By Jan / Feb I'm willing to bet that price will be back up ~110k.

In addition to the normalcy of corrections after runups, we had the unwinding of the unsustainable treasury company fad and Square increasing bitcoin spending.

I haven't seen anything about the volume of new spending at Square terminals, but I did write about how it might reduce purchasing power.

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ok, bro. Let's find out. How much sats we betting?

@remindme in 2 months

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ouuuw, not looking good for you mr. @freetx. You did say February, so does that mean technically we have to wait until Feb 28 to settle these 5k sats?

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25 sats \ 3 replies \ @freetx 20h

Hehe....true, not looking good.

I'm happy if we say Feb 1. I'll start getting my funds together....:)

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nice! At this rate, 5,000 sats is worth nada anyway.... getting cheaper for you by the minute.

(but I just checked, and we actually made the deal on Nov 22, with bitcoin trading in the 80s, so I guess you remain directionally right for now!)

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49 sats \ 1 reply \ @freetx 19h

I blame Orange Man with his Greenland obsession!!

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Sure, whatever works for yah!

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