Authored by: @hetty-rowan.

Welcome to the new LBI contest.

Well, what can I say? We were hoping, thought maybe we were done with this latest Bitcoin dip? It looks like we need to think again, because for now Bitcoin doesn't seem to make much sense. Now I must honestly say that Bitcoin's dip doesn't really bother me that much, but that Bitcoin is once again pulling the entire market into the red numbers ... well, that will be a different story.

Anyway, we're sitting it out again, and in the meantime we're trying to get as much together as possible for when the real bull run comes, and the parabolic move! Because in my opinion that is the absolute end for the bull run, the parabolic move. As long as it hasn't happened… there really isn't a real bull run. A bull market, for sure. And from what I can see, we're still in that. And we are indeed dealing with an extended cycle.

Which might also make sense. The first doubling of bitcoin, of course, took less time. The second took a little longer, and now we're looking at the third doubling… which has a much longer way to go. Can you still follow me? Hmmm, okay, Bitcoin's first cycle was just over 300 days from the Bitcoin halving to the absolute peak. The second cycle started again at the time of the halving, and it took Bitcoin just over 500 days to reach its all-time high. Now we've had the third halving, and if you count just over 700 days, you're well into 2022! The cycles get longer, until the moment comes that there will be no more cycles ... the moment when you can say that Bitcoin has outgrown puberty I think ...

Unfortunately, that is of no use to us yet, and we still have to deal with the whims of an adolescent, and the reaction of people. Because that is of course a factor that always comes into play. The market is the market, but the people make the market.

Last Week's Contest

Enough thinking about this. There's nothing I can do about it… I can only sit it out and hope for a trend reversal. But hopefully I can also make someone happy with 5 LBI.

Last week I asked you what 1 SPS would be worth last Friday at noon. Coinmarketcap showed me the following;

And as you can all see … we were still there in the green part, which unfortunately went very downhill after that.

We'll never know whether this week's winner expected it to go downhill so fast, but at least we know we have a winner! This week, we congratulate;

@bashadow

On winning the prize of 5 LBI. These have now been sent to your HE wallet.

The New Contest

And so we quickly move on to this week's question. It's not for nothing that I wrote an extensive post about Litentry yesterday. It doesn't matter whether you want to invest or not. Whether you believe in their project makes no difference for this contest… All I want to know from you is;

What is 1 LIT worth this Friday, December 17, 2021 at 12:00 noon Central European Time?

And of course you already know the trick. Your answer will only be entered into the contest if it is submitted here before Thursday evening, December 16, 2021 6:00 PM, Central European Time.

Wishing you all a great week, and let me remind everyone once again that the LBI CONTENT TEAM will be enjoying a well-deserved vacation in the last week of 2021!

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