_7fvc

Closing schools and lockdown exacerbate the inequality that has already been in place. Instead of seriously looking at how to address the problems, we blame it on lockdowns. We're taught to think that opening schools will fix the problems. The US government printed 16k per individuals. Each person gets 1.4k. The rest goes into "recovery". We just want to find convenient ways to bury the real problems.

For those who are confused by Taleb, I recommend reading some Eastern philosophy. It offers insights for coping with circular and contradictory life. Tao Te Ching, Yi Ching, Buddhist texts.

I have the opposite take. In bull runs, the market swings between BTC and altcoins. Dogecoin rise unintentionally benefits ETH. It weakened Bitcoin but strengthens Dogecoin and Ethereum. With this crash, people will realize that BTC is the crypto that matters. BTC runs the market. The FUD will cause people to flock to BTC. But that's just a guess. Anything can happen in crypto.

Elon Musk will learn that Bitcoin is difficult to control. He seems pretty confused about the market. My guess is Elon has been using Dogecoin to reign in Bitcoin. He's somewhat got what he wanted. Bitcoin has been stagnant for a few months. However, his promotion of Dogecoin pumps other crypto, like Ethereum and their meme tokens. Elon Musk probably didn't expect this. Promoting Dogecoin doesn't directly hurt Bitcoin. It strengthens other altcoins. At some point, it'll hurt Dogecoin.

Bitcoin is shaking Elon Musk off. It has a history of sending thought leaders to the trash bin.

The chart compares Bitcoin's price performance between halvings (2016, current).

Halving price series are calculated since halving date.

The formula is: Projected Price = Price on the compared's mapped date / Price on the compared's halving date * Price on the current halving date.

Taleb changed his mind on this subject. :) I can see Bitcoin as a "stable" long-term Store of Value. Short-term, it's always volatile. It's not suitable as a Medium of Exchange.