Halving progress 28%. #Bitcoin
Discussion
progress Halving #Bitcoin 28%.
Not looking good doc :/
Bummersville
Will it be the longest run up?
https://charts.bitbo.io/long-term-power-law/
This one that gave me (and others I shared it with) hope for a couple of years and still holds very well. Because when one also logarithmically compresses the time (x-axis), price action suddenly seems to follow a path boxed in within a few straight lines, regardless of all short term media and world events "explaining" short term price action. Linear action people understand.
It's almost like world events and adoption follows bitcoin, and not the other way around.
This can have the (much needed?) assuring effect on those (emotional decision-makers) still wondering if bitcoin is (still) a good long-term investment.
Like your spiral chart in a sense does as well.
Thank you for your service!