These articles miss the mark. Same for the articles on El Salvador, they all refer to Bitcoin as a “Bet”. “Their bet paid off”.
Yes, it’s a bet if you only invest in Bitcoin for 2 months and try to time the market. Or if you are a day trader.
But if you HODL there’s nothing remotely close to a “bet” in holding Bitcoin.
That’s why I find the 200WMA chart so powerful. Everyone that held Bitcoin for 4 years or more is in the green. Not much of a gamble if you zoom out to remove the noise …
will this model break this cycle?
In my opinion all models will break. 👇
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It would be unlikely to be broken, at least this cycle. Right now the 200WMA is at about 40k. It’s unlikely that the average price will be lower than 40k in the next 4 years.
That’s not to say that the 4 year average price will always go up. I’m sure one day there will be a 4 year long bear market which will break the up trend, but I don’t think it will be anytime soon!
At one point the news probably referred to investments in coal power, railroads, and electricity as "bets"
I guess the USA and great Britain were lucky thier bets paid off
😀
