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Say BTC were to reach 100K in the next few years.
Currently has reached over 30% [yes, you read that right] but only in 10% of the time.
In this scenario, a decent correction would make a lot of sense.
Currently has reached over 30% [yes, you read that right] but only in 10% of the time.
In this scenario, a decent correction would make a lot of sense.
11K is, believe it or not, a third of the way from 3.2 to 100K
They used to say, of the old banking system, when it paid interest, that the most important thing to grasp was 'the power of compounding interest'. Well, today it's all about exponential increase on the log scale
They used to say, of the old banking system, when it paid interest, that the most important thing to grasp was 'the power of compounding interest'. Well, today it's all about exponential increase on the log scale
It's the essence of 'money illusion' to focus on the actual number [nominalism] instead of the real values that lie behind the numbers. It's like saying time is hours and minutes... when hours and minutes are actually just what measures time. A bit of a rabbit hole...
It's all relative. earlier buyers were once impressed to see BTC going up in down in tranches of $100. Now people marvel at the $1000 moves. On the next bull run up, of which we are on the cusp, these will become 10K moves up and down. The 'measure' exponentially changes.
A possible scenario in keeping with lengthening cycles and reducing macro volatility.
