How much longer would it have to hold before you change your mind?
Discussion
If it holds even beyond next year I’ll change my mind.
This ^
Nostr is one of the few places where I’m around people who are open/willing to change their mind 🤝
If you look at the standard deviations it’s pretty much a lock to hold next year - it’s like $50k to $500k range
The year is not over, but it ain’t looking good 😂
The model works until it doesn’t. Just like S2F … if any major government / company decides it’s going to buck the dollar in order to cement its future relevancy, every model out there becomes irrelevant immediately.
Sure, but that goes for everything ‘humanity will exist until it doesn’t’. The uncertainty of the future is why we have models. Saying models won’t hold up because the future is uncertain doesn’t make sense and only conveys the reason why we have models in the first place.
Okay, so you’re saying the power law model gets the timing right on bitcoin’s mass adoption? Because every pricing model is trying to represent the timing of bitcoin’s price appreciation, right?