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The terminology "profit" is loaded, meaning a "rise in price or rents and dividends as measured in money." To say you are "taking profits" from bitcoin is to deny that it is money. The most intelligent person on the planet should know this unless he sees bitcoin merely as an investment unto itself. My choice of words, and word choice is important, would have been "I am chosing to purchase Churches at this bitcoin exchange rate because I value the churches now more than the bitcoin later under these conditions."
Every. Cycle. Same. Lies John #McAfee (software entrepreneur) • Prediction: $1,000,000 BTC by end of 2020 • Outcome: Didn’t happen • After: Walked it back, then disappeared from the prediction game ⸻ Tom #Lee (Fundstrat) • Prediction: $25k in 2018, $40k+ in 2019 • Outcome: Missed repeatedly • Pattern: Constantly revised upward later ⸻ Tim #Draper (venture capitalist) • Prediction: $250k by 2022 • Outcome: Missed • Update: “Delayed, not wrong” ⸻ #PlanB (Stock-to-Flow creator) • Prediction: • $100k by end of 2021 • Monthly targets that “could not be invalidated” • Outcome: Failed across the board • After: Model quietly de-emphasized ⸻ #WillyWoo (on-chain analyst) • Prediction: Multiple cycle-timing and price-level calls • Outcome: Some trends right, short-term prices wrong • Reality: Even good data ≠ precise timelines ⸻ Raoul #Pal (macro investor) • Prediction: $250k+ “inevitable” in near-term cycles • Outcome: Timelines missed • Shift: Now focuses on long-term adoption narratives ⸻ Cathie #Wood (ARK Invest) • Prediction: $500k–$1M long-term (with institutional adoption) • Outcome: Time horizon continually extended • Key detail: No short-term accuracy claims ⸻ Max #Keiser (media personality) • Prediction: $100k, $200k, $400k+ by various near-term dates • Outcome: Missed timelines • Pattern: High conviction, low timing accuracy ⸻ Countless “experts” & headlines • “$100k by end of year” → every bull market • “$1M by next halving” → every cycle • “This time is different” → always wrong ⸻ 🧠 THE ONLY CONSISTENT PATTERN • Short-term price predictions fail • Long-term adoption trends hold • Predictors face zero downside • Attention merchants get rewarded Bitcoin has rewarded: • people who held • people who built • people who ignored prophets Not: • people who chased timelines