The beauty is the growth of the network has been constant over the last 12 years, after accounting for a 10% drop in the trend line's position on the Y axis due to the COVID global market crash, and a whopping 72.6% drop in the trend due to China banning Bitcoin mining in the middle of the bull run (costing Bitcoin significant support and momentum). The more I refine my model the more confident I am in this.
1.002046 is my current daily average growth rate calculated over time, refined further from my earlier calculation of 1.00203, this is constant outside of major macro events. Using this daily growth rate starting at a trend line bottom price of $50 in July 1st 2013 and simply shifting the trend line down 10% in March 2020 and down another 72.6% in May 2021 and we have an incredibly strong bottom that is only broken 130 or so days out of the last 4300 days since July 2013. With the price living within 60% of the trendline 53% of the time.
Once people understand that the system is fair even in when you get in, that you'll experience the same rate of growth as those who joined in 2013, there will be no resentment like with housing. Their savings all also grow by about 110% a year if they simply purchase when it's close to the trend and they hodl long term. 😊
TheBitcoinBattery
npub1kl…fq497
2025-03-10 15:24:34
in reply to nevent1q…rttz
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497Seen on
wss://relay.utxo.one/inboxwss://relay.primal.netwss://nos.lolwss://nostr.bitcoiner.socialwss://relay.damus.ioPublished at
2025-03-10 15:24:34Event JSON
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"content": "The beauty is the growth of the network has been constant over the last 12 years, after accounting for a 10% drop in the trend line's position on the Y axis due to the COVID global market crash, and a whopping 72.6% drop in the trend due to China banning Bitcoin mining in the middle of the bull run (costing Bitcoin significant support and momentum). The more I refine my model the more confident I am in this.\n\n1.002046 is my current daily average growth rate calculated over time, refined further from my earlier calculation of 1.00203, this is constant outside of major macro events. Using this daily growth rate starting at a trend line bottom price of $50 in July 1st 2013 and simply shifting the trend line down 10% in March 2020 and down another 72.6% in May 2021 and we have an incredibly strong bottom that is only broken 130 or so days out of the last 4300 days since July 2013. With the price living within 60% of the trendline 53% of the time.\n\nOnce people understand that the system is fair even in when you get in, that you'll experience the same rate of growth as those who joined in 2013, there will be no resentment like with housing. Their savings all also grow by about 110% a year if they simply purchase when it's close to the trend and they hodl long term. 😊\n\n",
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