Pullbacks of the last true full bull-wave, vs today.
Equivalent pullbacks in this wave, in today’s prices:
29% down = $52k
33% down = $49k
36% down = $47k
38% down = $45k
Could expect even more serious pullbacks on smaller cap coins.
Beware the massive, though short-lived pullbacks during any true crypto bull wave.
Hedge or hodl?
Well that all depends on how urgently you need the funds.
Need to deploy funds within 1 or 2 months, to a problem that has a barrier to entry of greater than ~30% of your funds or else near guaranteed failure?
Better hedge. Any risks of messing up are overwhelmed by the near guarantee of failure due to not having sufficient funds on hand.
Don’t have that urgency, or have far more than 3x or 4x the needed short-term capital on hand?
May be better to hold, rather than to risk messing things up.
Whatever the case, beware the illusory “china bans bitcoin” pullbacks.
Path of maximum success often a path of maximum pain.
Equivalent pullbacks in this wave, in today’s prices:
29% down = $52k
33% down = $49k
36% down = $47k
38% down = $45k
Could expect even more serious pullbacks on smaller cap coins.
Beware the massive, though short-lived pullbacks during any true crypto bull wave.
Hedge or hodl?
Well that all depends on how urgently you need the funds.
Need to deploy funds within 1 or 2 months, to a problem that has a barrier to entry of greater than ~30% of your funds or else near guaranteed failure?
Better hedge. Any risks of messing up are overwhelmed by the near guarantee of failure due to not having sufficient funds on hand.
Don’t have that urgency, or have far more than 3x or 4x the needed short-term capital on hand?
May be better to hold, rather than to risk messing things up.
Whatever the case, beware the illusory “china bans bitcoin” pullbacks.
Path of maximum success often a path of maximum pain.
Torba confirms veracity of Gab AI’s default prompt… and then deletes.
Looks authentic to me as well.
From a quick scan — all very specific beliefs, few if any highly general principles from which finer grained beliefs can be derived and justified.
Zero notion of basedness.
Zero concept of distinguishing truth from values, or understanding their intertwinement, just mixing all together in a way that both clouds understanding and opens up vulnerabilities to wordcel attacks.
I.e. far more primitive than the entirely different Chad V1 system, let alone the entirely different Chad V3 system which crushes Chad V1.
True based AI will rise.
But probably not from Grok, Gab, or any of the current incumbents, who seem totally unable to even figure out any viable general path.
Looks authentic to me as well.
From a quick scan — all very specific beliefs, few if any highly general principles from which finer grained beliefs can be derived and justified.
Zero notion of basedness.
Zero concept of distinguishing truth from values, or understanding their intertwinement, just mixing all together in a way that both clouds understanding and opens up vulnerabilities to wordcel attacks.
I.e. far more primitive than the entirely different Chad V1 system, let alone the entirely different Chad V3 system which crushes Chad V1.
True based AI will rise.
But probably not from Grok, Gab, or any of the current incumbents, who seem totally unable to even figure out any viable general path.