₿ucati on Nostr: from giovanni santostasi: the power law theory 1) It tells us where Bitcoin is going, ...
from giovanni santostasi:
the power law theory
1) It tells us where Bitcoin is going, how is doing it, and why. It gives us deep insight in the nature of Bitcoin. It is network, it responds to network dynamics, the price responds to the square of the users, it is anti fragile and so on and on and on. If you took the time to understand it. Hash rate, addresses are all power laws and this makes us understand even deeper how Bitcoin works. Study Bitcoin.
2) I get contacted by hundreds of people that tell me how assuring, comforting, the power law is. It helps them see that is an unstoppable asset that has solid foundation in scientific reality and data.
3) It is a supreme tool for orange pilling, again many people contacted me and told me they were on the fence and got finally into Bitcoin because of the power law.
4) It helps us to know where we are in the cycle. It is idiotic to repeat hodl, hodl, hodl, where 60 % of the long term hodlers dump on everybody else at the top. There is absolutely nothing wrong to sell a bit to rebuy at the bottom if done in a aware fashion and with caution. You are not in a position to tell people they are not allowed to do that if they want to do so.
But even if one wanted to do so DCA knowing we are reaching a top or a bottom is fundamental.
DO YOU AGREE WITH HIM?
#asknostr
the power law theory
1) It tells us where Bitcoin is going, how is doing it, and why. It gives us deep insight in the nature of Bitcoin. It is network, it responds to network dynamics, the price responds to the square of the users, it is anti fragile and so on and on and on. If you took the time to understand it. Hash rate, addresses are all power laws and this makes us understand even deeper how Bitcoin works. Study Bitcoin.
2) I get contacted by hundreds of people that tell me how assuring, comforting, the power law is. It helps them see that is an unstoppable asset that has solid foundation in scientific reality and data.
3) It is a supreme tool for orange pilling, again many people contacted me and told me they were on the fence and got finally into Bitcoin because of the power law.
4) It helps us to know where we are in the cycle. It is idiotic to repeat hodl, hodl, hodl, where 60 % of the long term hodlers dump on everybody else at the top. There is absolutely nothing wrong to sell a bit to rebuy at the bottom if done in a aware fashion and with caution. You are not in a position to tell people they are not allowed to do that if they want to do so.
But even if one wanted to do so DCA knowing we are reaching a top or a bottom is fundamental.
DO YOU AGREE WITH HIM?
#asknostr