Replying to Avatar pleblee

I fail to understand this one, despite seeing it in the newsletter every other week.

lhs is logarithmic

rhs is linear

Seems like a flawed comparison, but I don't really grok most of the macro stuff anyway
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Lyn Alden 1y ago 💬 3

Bitcoin is on an exponential structural tech/adoption trend, but the cyclical direction of that trend is highly correlated with global liquidity.

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OMG Biscuits 1y ago

Is that correlation more about sentiment than actual monetary value (as the bitcoin axis is exponential)? As there’s more liquidity, people become more comfortable with storing value in the network, perhaps?

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steven8rown 👊 1y ago

I thought the correction was linked to the options market and getting rid of some of the built up leverage.

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334 1y ago 💬 1

May be why 2021 looks like volcano with caldera since it blew its leveraged top off ;)

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steven8rown 👊 1y ago

Maybe my friend. I'm learning to just hold all the way through now.

Stay #nostr 💜