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Cyph3rp9nk 2y ago

Isn't it beautiful...it seems that things that are true go unnoticed by most people.

The "Bitcoin long term power law" model has held firm since the day it was formulated.

Two conclusions of the model:

1. The price will reach $100.000 per bitcoin no earlier than 2021 and no later than 2028. After 2028, the price will never drop below $100.000.

2. The price will reach $1.000.000 per bitcoin no earlier than 2028 and no later than 2037. After 2037, the price will never drop below $1.000.000.

In the model you also see many other interesting things, like the covid crash, where everyone was scared, the price didn't even touch the floor of the model.

Before paying attention to the absurd figures of your favorite influencer, check the Bitcoin long term power law model and ask yourself where we are.

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Enjoy the ride 2y ago

🧡

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bitcoiner7 nym 2y ago

Super interesting.

Looks like it correctly describes the history.

But, is it going to continue to describe the reality, in the future?

Will its price prediction come true?

I think it may, or may not.

There is so many factors driving BTCUSD exchange rate...

But yes, definitely interesting and optimistic for Bitcoin early adopters.

Are there any reasons to think this model may be right?

Like, there were reasons that sounded good, for stock to flow model, but it failed.

Is there some rationale, other than curve fitting, for this model?

I'm just trying to learn.

I will be rich in 10 years of this model is right 😃

At least nominally, because, another question is, even if this model is right, what will be the purchasing power of $100,000 in 10 years...

Anyway, I think we simply don't know.

But interesting. Thanks for sharing.

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Brisket 2y ago

I think this is as good a chart as any to keep your emotions in check.

Stay humble, stack sats & maintain perspective.

Letting greed or fear run unchecked is a sure way to get rekt.