I have never really liked the 2x per year claims because it just does not seem accurate or even representative in regards to how the portfolios of many longer term bitcoiners seems to play out... and we also know that it is much easier to 2x a small number as compared to a larger number... ..
I do not think it is easier or harder to x2 if the price doubles then you are going to get a 2x return if you have a $1 or $1000 invested but I think that there is more pressure the more money you have invested especially when you have invested a large % of your net worth. I think there is a risk to this because a lot of people cannot stop themselves from taking money out when they see a profit so they might see a x0.3 increase and take it out even if their target was x2 because that pressure and fear of missing the top is real. I think that is the only thing that makes it harder is the pressure but some people can turn that off.
Yes, but I think that I am disliking 2x per year because it is seemingly overly optimistic, so from my point of view it is not a very accurate depiction of reality, even though we can find examples of some folks who invested in bitcoin in early days and perhaps their average cost per BTC is quite low, and each year if we double the price, their returns or "on track"..
... If I would have gotten into bitcoin at $100 in mid 2013, then even 2x per year becomes difficult to sustain because it looks like this:
2014 $200
2015 $400
2016 $800
2017 $1,600
2018 $3,200
2019 $6,400
2020 $12,800
2021 $25,600
2022 $51,200
2023 $102,400
So those dumbass claims are wanting us to start back in 2010 (at below $1), 2011 (at $2) or 2012 (at below $10) to make the 2x per year to be sustainable up until now, but it is not likely going to be sustainable into the future, and also it is not fucking ridiculous even if it is true on paper for those people who got in at those earlier bitcoin hardly has a price prices.
Bitcoin history starts at 0.26 when counting from 2010. The price of Bitcoin has often increased by 12x in 2011. In 2013, the price of Bitcoin rose again, but in 2014 it fell in half again. And lastly in 2021 the price of Bitcoin reached the highest price of 69.020 dollars which encouraged the investors a lot. But by 2023 Bitcoin price had dumped 3x.
So I think 2x per year doesn't count. Because investors will be disappointed because once invested he will think that he will get double the wealth. So it is better to analyze the complete market without disappointing the investors.