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I put very little stock in cyclical economic theories that are highly specific about timing, so I haven't looked much into what's expected from previous cycles.
If there's no major scandal, a la FTX, then I suspect we've already seen the low. Everything just looks super bullish and I think Bitcoin is an order of magnitude under valued.
In the event of a major scandal, then who knows how spooked people might get.
I probably give the least weight to the three intermediate ranges: either it crashes or it doesn't.
I second that.
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I put very little stock in cyclical economic theories that are highly specific about timing, so I haven't looked much into what's expected from previous cycles.
I find the halving-based cycles interesting, but only very coarsely useful. Much more interesting is trying to understand how the macro story has changed, and what the causal implications should be, but that's not usually on offer.
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