Is Bitcoin Price Too High?

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·@amirl·
0.000 HBD
Is Bitcoin Price Too High?
![IMG20210220WA0007.jpg](https://i.imgur.com/KqmevSZ.jpg)

# Is Elon sorry for not buying more or does he really thinks the price is too  high?

As #bitcoin touching the 60k milestone we hear a fresh voice from #elon #musk saying the price is high.

Before we delve into analyzing the interest of such an announcement lets ask what was the notion when #btc picked to 18k.

How will we feel about today a year from now?

# Who remembers the #facebook #ipo ?

![IMG20210220WA0002.jpg](https://i.imgur.com/qit2gS6.jpg)

Veterans in the crypto market knows the power of a blue ocean.

While many think in terms of red ocean in which 3 percent gain in a year is considered a win, the blue oceaners know that 1000% gain is possible.

Whenever a change in paradigm happens the old measurements cannot apply.

You cannot understand quantom theory with Newtons laws.

We cannot understand electricity knowing only what is fire, nor understand the internet thinking of books.

#blockchain and #decentralisation are pradigm change.

And forcing the US dollar measurement on these projects and assets is not the way to go.

So we need to go back and ask how can we evaluate these?

![whitewalker5739181_1920.jpg](https://i.imgur.com/g2hXDH6.jpg)

# Code is law

There is an approach that treats the world as a pyramid where few rule over many. Since many of the human hierarchies are such, one can understand how one falls into this mental paradigm.

But while the human mind tends to simplify things (and therefore the socio-economic structures as well), the reality is much more complex and complicated. The human ability to simplify is powerful in energetic terms of the world of biological details. But in the digital world as resources grow, the tendency to simplify becomes a limitation.

As simple as the shape of the triangle seems to the human brain to be simple and understandable, it is amazing how rare it is in the physical reality in nature. If we look around us it seems that man-made products (or the creation of man-made machines) have a clean and clear geometry while in the nature around us these forms are rare to non-existent. Nature is complex and the symmetrical "cleanliness" does not apply to it. Although we tend to think of ourselves in “clean” terms our physical and mental existence is part of nature and so we have a tendency to evaluate ourselves inaccurately. Artificial intelligence on the other hand has the potential to bypass our understanding.

The more technological algorithms are given additional degrees of freedom and dealt with well in the face of increasing resources, the less we understand the decisions that are made. It is clear that Elon Musk is a genius but as far as I know he is still a man. Therefore the question is asked whether in his opinion the price is high based on his knowledge and feelings or whether access to artificial intelligence has deciphered for him this assessment of the situation.

I strongly believe that the blockchain can give us a blessed progress. But with every force comes great responsibility.

As the power of the code increases, on the one hand the transparency, efficiency and democracy of open source will increase. On the other hand the great danger will be in the automation of goal setting. As long as the algorithms are responsible for analyzing the control information we still have. We deal with "why" and the machines deal with "how", in a great coexistence like religion and science.

The great danger begins when the machines decide to ask why and write code for purposes we do not understand. Maybe that will not happen. And maybe yes. Bottom line - on the one hand it's not clear if you look at the price of bitcoin from the perspective of a red and blue ocean. But as long as the question is what the right price is, we know we are in an area where the human mind is still in control.

Thanks for reading so far! And good luck to everyone (yes in the blue ocean this is possible)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@amirl/is-bitcoin-price-too-high)
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