I missed a house at me new refugee location. I just didn't want to join a bidding war. Now I'm curious if #Bitcoin will fix this as well ? I have a fixed Bitcoin amount I want to spend. Will I have to wait another cycle and my net value increase will allow me to spend more in fiat terms ? Or will the housing market change faster and accept my offer sooner ? I am at the lower price range of housing (fixer) at this moment. Just for info the last time I bought a house I only had fiat to play with. The price increases forced me to move to a cheaper country. Never regretted that move. But current game feels way better 😇

I'm convinced the fiat speculation game has also affected #Bitcoin. Most Bitcoin exposures via hedge funds and structured products is paper-based and is only backed by margin, rehypothecation, and trust. It has caused to temper #Bitcoin upwards trend. But that also means the price pressure has coiled-up. If the price breaks out, by simply too much real demand / too little supply, short positions will be forcefully terminated and cause a so called short squeeze. We have seen some amazing samples of derivatives squeezes in the past, and a very interesting one is the silver squeeze caused by the Hunt brothers. The problem with derivatives and physical, thus limited, commodities is that when the delivery of that commodity is requested and that commodity is not sufficient available the price movement will be extremely volatile and only increasing the problems. It is hard to imagine what will happen when the only absolutely capped commodity will enter such a market condition. Extreme price increases will only create more demand. There are no safety switches that will stop trading. Nor are there any cool down periods build in since trading can take place 24/7/365. I don't think it will be healthy. But considering derivatives speculation is building up, the limitless amount of fiat sloshing around, and the mentioned properties of Bitcoin, it is almost certain to happen at some point.

Makes me wonder when pleb-street will be triggered ? #Bitcoin hovering at the current ATH of ~$118k apparently doesn't. So will if be $150k, 200k, 500k, 1 million ? Or will it have to other triggers like; inflation getting even higher, banks falling over again, ATM's not working anymore ?

I hate being optimistic, let alone too optimistic. But I can't help thinking that the #Bitcoin God Candle that is currently loading is going to be insane. Sorry, back to normal, I know....