I dont know what all the fuss is about either. Power law models looks very interesting. I track bitcoin open interest, and when leverage gets too high, bitcoin always sells off. But I'm not trading it. I find it useful to get a feel for when it will break out. I think lots of people got burned because of over reliance on plan b model last cycle how he said bitcoin was guaranteed to go over 100k. And now every model is wrong. Every model is right untill its wrong. Except the sexy models they always right! 🤣
I approached this episode with trepidation, given the title.
Interesting. But my fears were well founded!
I just don't understand why so many bitcoiners are determined to misunderstand and misrepresent the power law.
It's an amazing model; the only one that actually works through 15 years.
No one says you have to use it for trading. Personally, I have never sold bitcoin.
https://fountain.fm/episode/Qobv9wxBknhyMm5DNEPo
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Discussion
There isn’t any fuss. British Hodl is just an obnoxious attention whore.
My dad used to say, “you can be right and still be an asshole.”
In any event, power law or not, its going up forever.
🍻🧡👊🏻