Plotting bitcoin's price on a log-log plot makes us really think about the bitcoin low time preference and exponential growth.
https://stats.buybitcoinworldwide.com/long-term-power-law/
The power law is a straight line in log-log plot.
Networks exhibit power law behaviors.
This is the "Moore's law" of bitcoin. Call it Satoshi's Power Law.
I think of bear markets as when we go below the green line in the plot.
At 35k we are crossing the line into bearish moods. ✔️🐻✔️ ❌🐂❌
https://i.imgur.com/a0j2L1I.png
Happy stacking at these discount prices 🥞🥞🥞
Bullshit. TA is astrology for men.
Also irrelevant. 1Bitcoin is always 1 Bitcoin. It's always 1 in 21 million ans has always been and will always be.
1 BTC = 1 BTC
We need a bot that posts this 🤣🤣🤣
1 BTC = 1000 mBTC = 100,000 ksat = 100,000,000 sat = 100,000,000,000 msat
Totally agree with you. That's why I only do astrology with the fewest assumptions possible: a linear fit.
Here is your answer
One BTC
Is a hundred million Satoshis
There are only 21 million
For you and me
One BTC
Is One BTC
Buy Satoshis
Hold and you'll see
One BTC
is a hundred million satoshis
currently at 2769 sats
for one USD
Tick tock next block
Time chain don't stop
If that's the answer, what is the question?
you ask it yourself, remember?
and BTW, is not crypto, is just bitcoin. all the rest is noise
I think the 1BTC=1BTC website misses the point, really. What we actually want to know is the fraction
BTC/people
not just 1BTC. Their argument about 1 USD =/= 1 USD should also apply to BTC as 1BTC 4 years ago bought much less than 1BTC now.
For example,
1BTC/people in 2032 will be worth more than 1BTC/people in 2022 because the number of people that use and have bitcoin will increase. That is the network effect.
It also ignores the cyclic nature of the bitcoin community, from BUIDL to HODL and back.
Not everybody deserve BTC, dumb people will get what they fucking deserve HFSP.
how much BTC/person is meaningless.
the great thing about having bought at a higher price is that now I'm happy about the discount -- knowing the ultimate potential that bitcoin has.
keep dollar cost averaging! you'll be surprised how quickly you can decrease your average.