Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
WatChe
on 22/03/2024, 18:49:53 UTC
Quote from: JayJuanGee on Today at 02:22:18 AM
Quote from: Alphakilo on March 21, 2024, 05:46:41 PM
Quote from: WatChe on March 21, 2024, 05:20:54 PM
The point is Saylor strategy about Bitcoin is working.
His strategy about bitcoin is working because he is a strong believer in investing in assets with scarcity and high demand. Bitcoin stands out as one of such assets due to its capped supply of 21 million coins, making it highly scarce. Saylor has already predicted the continued growth, projecting a 200% annual increase over the next decade and he is putting his money where his mouth is.

I would suggest a 20% to 50% annual increase of the 200-WMA is more realistic in terms of attempting to predict the future from the past.. you cannot continue with the same historical rate of 2x per year, it does not make sense especially since the slope of the increase has been getting less steep with the passage of time.


This is 5 years Bitcoin price versus 200-WMA chart and its very much evident that slope of increase is getting less steeper with every passing year. There are patches where Bitcoin price may even go below 200-WMA and one has to bear that cycle with patience. While there are patches where 200-WMA completely outclass Bitcoin price like April 14, 2021 - Bitcoin price 63k and 200-WMA 11k.


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