Running Bit
Price Floor Proclamations
Price floor proclamations are the recurring ritual in which members of Bitcoin Twitter declare, each time the Bitcoin price crosses a round-number threshold, that it will never trade below that number again. Per bugle.news, the price “has disproven their predictions over and over again, yet they believe that this time might be different.”
Canonical specimens
- “We are never going under $17k again, goodbye cheap sats.” — @BTCHODLVirginia, January 2023 (Bitcoiner Who Stacks $25 A Week)
- The $18k floor, proclaimed en masse by full time podcast listeners the following day, with same-day calls for $20k (Bitcoin Price Crosses $18K Threshold)
Accessory phenomena include Dr. Jeff Ross’s “Hello FOMO, my old friend” and hodlonaut’s dissenting “18k, huh..” — the bull and bear poles of the proclamation economy.