Bitcoin is a pendulum swinging between bear and bull markets. 1/

Collectively, bitcoin users are the swinging mass. The more users that join the network the more massive the pendulum becomes and the more energy it gains. 2/

Price is the measure of the energy level of the pendulum. 3/

The pendulum swings between peak kinetic energy and peak potential energy states. Energy is transferred between states as the pendulum swings. 4/

Peak potential energy corresponds to a relative price bottom, where velocity of memes reaches zero and market despair has drives out all weak hands. Thus mass and energy is reduced temporarily, but strong hands remain. 5/

Peak kinetic energy corresponds to a relative price top where velocity of memes reaches a maximum and market euphoria has climaxed. Mass is maximized as weak hands have scrambled back aboard. 5/

The hinge on which the bitcoin pendulum swings is it's sound, credible and predictable monetary policy. Without a hard fixed, unalterable hinge the pendulum would come crashing down, unable to sustain the incredible load. 6/

Memes and narratives act as external forces on the pendulum, adding to or subtracting from its energy state. 7/

Strong bullish memes point in the same direction of the pendulum's motion, adding mass and energy and causing the price to go up. 8/

Weak, bullshit memes point in the direction opposite to the pendulum's motion, subtracting energy from the pendulum and causing price to go down. 9/

The period of the pendulum's motion increases with time. Why? As new users are on-boarded, the increased mass of the pendulum stretches its orbital distance further from the hinge. 10/

Strong memes are important because strong memes make strong hands, maintaining maximum mass and energy state. /11

Fragile memes make for weak hands, who are quick to jump ship as soon as their resolve is shaken. /12

Therefore propagate only strong memes if you wish to make strong hands and number go up. Since we are not in for predictable cycle periods, only the strongest hands and strongest memes will survive. Difficulty is coming. /Fin