Is the Bitcoin Cycle Broken? With The Rational Root
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- Опубликовано: 24 июл 2024
- The Rational Root is a Bitcoin on-chain & cycle analyst. In this interview, we discuss the Bitcoin ETF flows and how this cycle compares to previous ones, where we are on Root’s spiral chart, the supply dynamics at play and how liquid supply is dropping rapidly.
“Personally I don’t really need those models, I believe Bitcoin is going to go eventually to a million dollars…and I expect at least prices above $140K this cycle.”
- The Rational Root
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TIMESTAMPS:
00:00:00 Introduction
00:03:57 Spiral Chart 3D
00:19:17 ETF flows
00:27:17 Cycle alignment
00:33:36 Supply dynamics
00:39:46 Liquid supply; HODL model
00:50:06 S2F; value map; multiplier effect
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#Bitcoin #Finance #Money #Crypto #Economics
I drive Uber and use that money to stack sats…I listen to this podcast while I uber… thank you for this content brother keep being great I’m locked in
Keep stacking 🤜🤛
JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:
"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."
I do the same thing bro 🔥
Fuck yes. Love to hear it! Great job mate.
Doordasher here…Can’t say how much listening to podcasts while driving have helped in my Bitcoin education and realizing how need to listen to a three hour talk and walk away with one new insight…and it’s worth it.🐇
BEEN IN THIS MARKET FOR 7 YEARS, and let me tell you nobody i mean NOBODY has a fucking clue but HOPE.PERIOD
Dope spiral animation, root. Next level, m8. 🍻
Amazing amount of information worked into that spiral chart - gold
Thought I was watching you on rumble switching now! Cant wait until all content creators I watch post there...Preston
Awesome as usual, thanks for sharing your insights
anyone know the name of the book on RR shelf under the BTC Standard?
Perfect timing for this video… Thanks, Peter we needed this…
So fun, really like all the charts. Finally understanding Rational Roots focus, was over my head a few years ago.
This is key regarding Power law = it does well on 'historic data'.
What other data are you supposed to use? Data from the future?
Rational Root charts are amazing! Thank your for this episode!
Good show thanks bro 🤝
Fantastic chats!
The new spiral chart is very cool!
Does anyone know what rational root's tshirt means? Because I saw someone wearing it yesterday in the supermarket.
It means BTC
It's the math ecuation for the total Bitcoin supply.
Buy the dip!
Veggie dip?
🥁
bro I've been deployed for over a year, no more funds
Get in them Fiat mines son@@astroNexx
Thanks Peter. You keep bringing great guests to the table. ❤️👍
We're so bullish with these charts the price went down 10% right away
good. more time to stack
lol. yeah, bitcoin stores value it just so happens that the value dropped
Short term?@@cesuntbanii
What is 10%? 😂
34:55 Supply decrease supposed to be bullish but in that chart seems directly correlated with price..
Just when I thought the spiral chart couldn’t get any better - 3D with hashrate now! So bullish 🔥
Anyone know what the formula on Root’s shirt is?
Math ecuation for Bitcoin total supply
What brand is the cap Danny is wearing? Looks cool 😎
long live the Root....always interesting to listen to the Carrot ;-)
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
Hearing that you won’t have to sell you can rent bitcoin to the banks etc
We’ll have to see
If he drinks carrot juice. Does that make him a vampire? 🤔
No, a cannibal.
Great podcast Peter and team!
Mayor Mccormick 🎉
That spiral is badass
More video podcasts? I thought you did them in person.
The charts need horizontal gridlines. Hard to line up prices with the chart
Root is good. But multiple astrophysicists have confirmed one equation:
Price = 10^-17 days ^5.83
This is the power law. If you dont understand the power law, you have no idea what's actually happening here. BTC is a scale invariant force of nature. It takes Roots model to the next level.
Credit to Geo and Steven... get them on!
Danny doesn't like math lol
Most of astrophysics is bull.sh.. the earth is flat. Can't get out of the dome.
Nice
Thx
People often see connections where there are none. On charts, they ignore points that disprove a thesis and focus on lines that support it. The truth is, if you work with the data long enough, you can fit a dog shape into a chart. Random footsteps in the snow can create interesting patterns, yet they are just noise. This is exactly what's happening here.
*said a man who lost a ton of wealth following S2F and other gurus last cycle. When the music stops playing, it's a hard stop, not just a pause. The BTC tech is superb, yet most of the gains come from the liquidity in the legacy fiat system.
What a great video, charts, data and more data, my head is boiling. Please Follow up in six Months to see how it plays out.
That tool is some space x rocket building level ap
I think the HODL Model S more accurately reflects the fact of all the bitcoin lost and continuing to be lost since inception.
We in the 2nd ammendment USA have an unpleasant high speed lead surprise for theives...I will NOT HESITATE!
Does rational root have a Twitter handle?
It's hilarious how people don't understand power laws. Power laws don't make things; things make power laws, Danny. Denying that Bitcoin has been making a power law is like riding in a car going 60 miles per hour and arguing that it's not going that fast when you're in the car looking at the speedometer. And why the US dollar holds the power law the best is because it is the slowest to inflate; every other fiat currency inflates faster.
💯
Thanks Carrot man!!🥕🥕🥕🥕🥕🥕
3-D spiral chart in orange - very carrot like
Would be great to see Maya on the show, great hope for Suriname!
long live Danny Knowles, first of his name, king of the andals and the first men and lord of the seven kingdoms.
Great interview, can you please invite him once a month, Please?
Can you get Plan B on?
No thanks
What if you looked at that circular graph as the earth's core?
Never try to catch a falling knife.
Right thats why you HODL bro 😅
Give us the fucking spiral chart!
Root is the best
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.....
One thing is not reflected there, is the fact that 100KUSD now are half the value of the same money 4 years ago. In other words, the real all time high Will be when we reach like 140k.
Whenever guests on shows say 1 million$ BTC they need to say what that is worth in 2024 purchasing power. 1 mill in 5 years will be what 200k is today
Cycle isn’t broken, “they” r simply trying to shake out retail. BTC 2 make new ATH’s soon enuf, b patient and DCA while cheap
You mean turn the ship around?
Is it really that different from criminals breaking into houses and demanding your bank card and PIN number?
Yes. You're not likely to have easy access to a few million with your bank card and PIN.
It's summer, it's nice e weather outside... not where you and me live carrot man, NL summer cancelled
Need to be institutions to carry BTC above 70k , retail don’t buy BTC above 70k,why not make a split like they do to stocks for the price be lower? Or start utilizing the price in sats.
How do you know?
Who else let out an audible "Ooh!" when the spiral chart flipped 3D
It cracks me up how this happens multiple times EVERY. SINGLE. CYCLE. And every single time people lose their minds. Not sure if they think they're going to get rich quick? Those days are LONG gone
I don't know why people are so excited about the ETFs.
ETFs just short the coin back into the market. They don't reduce BTC supply. Maybe the miners do better but they haven't juiced the coin price.
AI and endo-cannabinoids
Like the spiral!
Always carry a pew pew.
Omg, this is a literal porn chart
The current bitcoin price isn't though...
meant to make you hot...on BTC ;-)
If this were porn charts I ejaculated at the Spiral chart, could not hold out to the end. There I said it. 🤣😂🤣
I’m not sure I can take since dude with a carrot over his face seriously. Wait, yes I’m now sure - I can’t.
This narrative is based on that the economy stays stable as is for the next years. Remember that if the fiat economy tanks, it will drag btc down as well. Things are looming in the shadows
In a way. Each time a bank fails, Bitcoin gets stronger.
Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel 😃🙂.....
Please refer us to your totally legitimate trading guru with three totally not weird names.
SIK.. waffle cone
25:10 outflows due to high fees? BS.. even you?
Buy buy #notcoin
BTC doesn't have any reason to go any higher at this point as it's adoption and ownership is currently saturated. It's going to have to have a massive innovation break-thru somewhere to spur another round of demand if it's to get back above $75k. Otherwise expect $25k BTC by the end of 2025.
Lol.
Pessimists sound smart. Optimists make money.
Support is broken the bull market is over. Great run up in March, sucks if you were chasing!
Let me save you an hour of your time. No.
What is wrong with this guy? I don't listen to talking veggies.
😂🎉😂🎉😂so you listen to people that eat meat 🤣
And if we don't reach 140k this cycle, you can always draw some different lines to fit a new narrative and explain why the bull run didn't take off. Really reminds me of PlanB and his delusional predictions. Get ready to be disappointed by Bitcoin and all the "Technical Analysts" once again.
what a terrible guest. he's lame - why give him attention?
In recent times, I don't know a single person who has (positively) brought up the topic of Bitcoin, let alone bought Bitcoin. Retail money is drying up and new participants are few and far between. A wildly fluctuating store of value with no transactional utility (due to fees and cap gains on all transactions) is apparently not a solid foundation for adoption.
You should get out while you still can. We’ll keep the light on for you
I bet you own Cardano or Bcash
You have no idea what you're talking about.
retail lost money in the past cycles .... do you think they did not learn their lesson?
How are you measuring recent times? The last few hours? Days? Weeks? Years? Decades?
Then Germany and Mt Gox pushed out the ⏲️ time
Bought 332k at 54k. That was all my liquid cash on the sidelines. I’m all in bitcoin. Can’t buy anymore dips. I’m 100% all in now.
Bought 2 BTC at 17 K. Even at this price I'm up 300%! I'm all in, HODLing and Buying The Dip. 25% drawback is NORMAL 2 or 3 times, hist. The MEGA Run isn't even SUPPOSED to start until October or so if the Cycle repeats the previous 3 patterns. It's worth the risk for poten10× more. Even 3× more is a huge win for ANY asset.