Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I added "2x per year" trend lines to his chart...
It looks like his 200-weeks graph follows that "100% a year" trend quite nicely.
It's just too many people started talking about "200% a year" lately, even Saylor, which is annoying.
Au contraire...he was talking about the FUTURE, maybe.
If this year we would go as hard as we went in Q1, then, together with over-performance last year, it very well may be 200%.
Not to criticize, but what is the significance of two brown lines (why there are two of them)?
Sans graphs, from $20 (two pizzas) for 10000 btc to $57245/btc is 28622500X appreciation, which comes down to an average of 476% a year (in 11 years), so 200% might be a somewhat solid number.