Replying to d0708145...

I just think you're being wildly optimistic. I tend to subscribe to the power law model of looking at things, which suggests a roughly 200k top, this cycle. Nobody knows of course, and we will see. We'll see 1M a coin some day, but certainly not this cycle.
Avatar
TheBitcoinBattery 10mo ago

I used to subscribe to the power law model, until I looked more deeply into the relationship between the market price and mining cost over time.

There is no doubt in my mind that people are underestimating the potential top for the market price this cycle. I'm not being optimistic, I'm basing this on data.

note1rhmjexpu7l5hzy5fe0hlrygv74v4xtx5kj0y39jgnkzp4akdnqsq0fzrrz

Reply to this note

Please Login to reply.

Discussion

d0
d0708145... 10mo ago

Well. I genuinely hope you're right. As I say though, we'll see. Bitcoin does, what Bitcoin wants to🤷🏻‍♂️.