Quote from: d57heinz on Today at 10:59:02 AM

Quote from: exstasie on July 20, 2020, 12:20:15 AM

Quote from: Biodom on July 19, 2020, 11:36:57 PM

Reviving this "dead'' thread again...

BETI is at a very low nuber of -2.885 (and people think that we are not are still in the bear market, lol).

Yep, my thoughts exactly ever since the March crash. We're still stuck in the post-2017 bear market range. Nothing but lower highs.

At the same time, breakouts upwards of $10.5K and $14K could bring very fast exponential upside. So there's that to consider too.

Quote from: Biodom on July 19, 2020, 11:36:57 PM

At which point should we declare that BETI is completely dead and buried?

Hard to say since it's just based on a regression model. Another bubble cycle will of course revive it. I've been saying for years that BTC's price cycles are slowing down, and I don't think the model properly accounts for it.

The slowing down. Isn’t that typical of a Ponzi scheme. The slow down comes as there are no more new people to sucker into the scheme. You know this. We don’t need graphs and models to state the obvious.

The regression (or slow down as you put it) isn't an exclusive model for Ponzis however, it's also true of the adoption of many industries such as electricity, the motor car as well as the internet. I also don't need graphs or models to prove the obvious here Tongue

Nor should I need to explain that these industries remain very value-able as well as profitable.

Sometimes Ponzis exit scam at their peaks, such as Bitconnect, not necessarily once the slow down occurs. The other slight oversight is an exit scam requires a controlling majority of assets to be dumped, in order to effectively collapse the pyramid, due to the centralized nature of the scheme. Whereas with BTC I fail to see the controlling amount that could cause such a reaction. Hubo's 1.39% of supply doesn't quite cut it, even Satoshis upto 5% holding doesn't add up to 50% either. Big investors dumping a small percentage would only lead to a large correction (or complete liquidation), not exactly exit scam material.

Good to hear some long-term bears are still in town though, always bullish for the price long-term Cheesy