Oddbean new post about login | logout The funny thing is that we are still in the Power Law purchase zone. Right now this zone ends at 100k. https://m.primal.net/MCnC.png
I love this model. Don’t know why so many are shitting on it. It’s helpful
Because most people still repeat what they were taught over the years on Twitter. All coins are shitcoins and all traders are scammers and all models (charts and indicators) are broken. None of the above is actually true.
Agreed. It's hard to discard a way of thinking that's 99% true, I guess. However, discrediting this model just means you don't like any kind of model in general. Doesn't get more fundamental than that imo. It boils down to, "Bro, what if bitcoin stops behaving the way it has for the last 15 years?" Yeah that’s called uncertainty. Live with it. lol
100% agree. The 1.5 FIB is sitting right at 100k. On my chart anyway.
Pff power law. We are always in the purchase zone 😁
