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Bitcoin Power Law at $35k -- are we entering crypto winter?
22 sats \ 13 comments \ @a 6 May 2022 bitcoin
Plotting bitcoin's price on a log-log plot makes us really think about the bitcoin low time preference and exponential growth.
https://stats.buybitcoinworldwide.com/long-term-power-law/
The power law is a straight line in log-log plot.
Networks exhibit power law behaviors.
This is the "Moore's law" of bitcoin. Call it Satoshi's Power Law.
I think of bear markets as when we go below the green line in the plot. At 35k we are crossing the line into bearish moods. ✔️🐻✔️ ❌🐂❌
https://i.imgur.com/a0j2L1I.png
Happy stacking at these discount prices 🥞🥞🥞
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30 sats \ 5 replies \ @DarthCoin 6 May 2022
Here is your answer
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0 sats \ 3 replies \ @a OP 6 May 2022
If that's the answer, what is the question?
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2 sats \ 2 replies \ @DarthCoin 6 May 2022
you ask it yourself, remember?
are we entering crypto winter?
and BTW, is not crypto, is just bitcoin. all the rest is noise
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0 sats \ 1 reply \ @a OP 6 May 2022
I think the 1BTC=1BTC website misses the point, really. What we actually want to know is the fraction BTC/people not just 1BTC. Their argument about 1 USD =/= 1 USD should also apply to BTC as 1BTC 4 years ago bought much less than 1BTC now.
For example, 1BTC/people in 2032 will be worth more than 1BTC/people in 2022 because the number of people that use and have bitcoin will increase. That is the network effect.
It also ignores the cyclic nature of the bitcoin community, from BUIDL to HODL and back.
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0 sats \ 0 replies \ @DarthCoin 6 May 2022
know is the fraction BTC/people
Not everybody deserve BTC, dumb people will get what they fucking deserve HFSP. how much BTC/person is meaningless.
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1 sat \ 0 replies \ @a OP 6 May 2022
One BTC Is a hundred million Satoshis There are only 21 million For you and me
One BTC Is One BTC Buy Satoshis Hold and you'll see
One BTC is a hundred million satoshis currently at 2769 sats for one USD
Tick tock next block Time chain don't stop
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65 sats \ 4 replies \ @zuspotirko 6 May 2022
Bullshit. TA is astrology for men.
Also irrelevant. 1Bitcoin is always 1 Bitcoin. It's always 1 in 21 million ans has always been and will always be.
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12 sats \ 2 replies \ @handsome_latino 6 May 2022
1 BTC = 1 BTC
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21 sats \ 0 replies \ @zuspotirko 6 May 2022
We need a bot that posts this 🤣🤣🤣
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0 sats \ 0 replies \ @a OP 6 May 2022
1 BTC = 1000 mBTC = 100,000 ksat = 100,000,000 sat = 100,000,000,000 msat
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0 sats \ 0 replies \ @a OP 6 May 2022
Totally agree with you. That's why I only do astrology with the fewest assumptions possible: a linear fit.
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12 sats \ 1 reply \ @handsome_latino 6 May 2022
the great thing about having bought at a higher price is that now I'm happy about the discount -- knowing the ultimate potential that bitcoin has.
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5 sats \ 0 replies \ @a OP 6 May 2022
keep dollar cost averaging! you'll be surprised how quickly you can decrease your average.
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