People half reading things like my post is unfortunately all to common in our high time preference society.
Nothing should ever be taken as gospel so I agree with you there.
But to address your comment, I did specifically say this only works if you buy when the price is close to the trendline, the further away from the trend your entry point the less it works. Let's see what the stats of a year ago look like.
4/22/2024
Bitcoin price daily low: $64,527.50
Bitcoin trendline price: $37,957.11
Ratio between price and trendline: 1.7
Since as mentioned above Bitcoin's current trendline is $79,873.17 with a current price of $91k. We have a ratio of 1.14. Not a terrible place to enter even if it's above 1.1x.
The trend line today is 110.4% above what the it was 1 year ago, but the price wasn't close to the trendline so that wasn't a good entry point for this to work as stated.
However, purchasing around 18 months ago, from early September to mid October 2024, the price was under $30k with a ratio to the trend line below 1.1x which aligns with my recommendation of purchasing within 1.1x times the trend line.
10/10/2023 the price was $27,300.
In 18 months the price went up 233%.
Enough to support my statement that you could withdraw 2% a month.
TheBitcoinBattery
npub1kl…fq497
2025-04-22 21:24:41
in reply to nevent1q…jx5g
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497Published at
2025-04-22 21:24:41Event JSON
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"content": "People half reading things like my post is unfortunately all to common in our high time preference society.\n\nNothing should ever be taken as gospel so I agree with you there. \n\nBut to address your comment, I did specifically say this only works if you buy when the price is close to the trendline, the further away from the trend your entry point the less it works. Let's see what the stats of a year ago look like.\n\n4/22/2024\t\n\nBitcoin price daily low:\t$64,527.50\nBitcoin trendline price: \t$37,957.11\n\nRatio between price and trendline: 1.7\n\nSince as mentioned above Bitcoin's current trendline is $79,873.17 with a current price of $91k. We have a ratio of 1.14. Not a terrible place to enter even if it's above 1.1x.\n\nThe trend line today is 110.4% above what the it was 1 year ago, but the price wasn't close to the trendline so that wasn't a good entry point for this to work as stated.\n\nHowever, purchasing around 18 months ago, from early September to mid October 2024, the price was under $30k with a ratio to the trend line below 1.1x which aligns with my recommendation of purchasing within 1.1x times the trend line.\n\n10/10/2023 the price was $27,300.\n\nIn 18 months the price went up 233%.\n\nEnough to support my statement that you could withdraw 2% a month.",
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