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Here’s the graph that made me decide to buy Bitcoin, overlaid in cyan with how it’s performed since.

Here’s the graph that made me decide to buy Bitcoin, overlaid in cyan with how it’s performed since.



View Reddit by frosty3907View Source

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4 Comments

  1. I feel like those charts are nonsense.

    This graph is using a log-scale in USD, so if you’re expecting to see a pattern, you’re fitting an exponential growth curve to Bitcoin. If you look at the price of Bitcoin with a linear scale, you’re basically saying, it’ll keep shooting up exponentially, but the slope will get less steep over time. On the basis of what?

    To me, the question you have to ask is just, how much do you believe in the USD?

    If you believe the USD is going to be fine, then how long do you really think Bitcoin is going to grow exponentially, and if you do think it could collapse, why would you care about Bitcoin’s price in USD?

  2. Thanks for sharing.

    Sometimes it’s the simple conclusion that have the most profound effect on your life. IMHO the biggest problem is to get into the “free-thinking-status” so that you can accept new thoughts/ideas and act accordingly. 🙂

  3. I love that as well aspecially the bitcoin rainbow chart. But thats not a good indicator. Because for that demand/supply logic BitcoinCash should have the same price. Its a exept for some changes a copy of bitcoin and is following the same halving and 21M. sat rules. But BTCCash doesnt have the same price as bitcoin.

What do you think?

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