drgo on Nostr: $4M is what one would expect if they expected past to predict future. You do this by ...
$4M is what one would expect if they expected past to predict future. You do this by linearizing bitcoin price time curve by taking log of price and log of time…then draw that straight line a little longer and undo the logs. I don’t think calling this price way too low to be reasonable. It’s literally extrapolating linearly.
https://charts.bitbo.io/long-term-power-law/
If your investment hypothesis relies upon unprecedented bitcoin price rise, you might consider your risk tolerance because I doubt you’ll do better than the past. And if you want to extrapolate, I’d encourage you to transform data to allow you to do a linear extrapolation rather than following some other curve.
https://charts.bitbo.io/long-term-power-law/
If your investment hypothesis relies upon unprecedented bitcoin price rise, you might consider your risk tolerance because I doubt you’ll do better than the past. And if you want to extrapolate, I’d encourage you to transform data to allow you to do a linear extrapolation rather than following some other curve.