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apsk32

@apsk32

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Engineer. Bitcoin, data viz., space, art

Joined October 2022
Don't wanna be here? Send us removal request.
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@apsk32
apsk32
4 days
Get off zero. Do it for your family. #bitcoin
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@apsk32
apsk32
6 months
60-second introduction to the bitcoin power law and time contours See it blow through a million, sound on
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@apsk32
apsk32
4 months
This is my favorite bitcoin metric and it tells me that I should be open to $300,000 BTC in 2025. --- As an engineer I look for signals that allow me to measure physical processes. The fact that bitcoin's price has followed a power law for more than 10-years points to a
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@apsk32
apsk32
5 months
In the 2030's, you could retire and support your family with just two bitcoin.
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@apsk32
apsk32
4 months
Bitcoin price fractals based on the power law support and a 4-year cycle period show the potential price action of the current cycle. Cycle tops: 8 Nov 2025 - $227,328 (2021 fractal) 16 Dec 2025 - $271,868 (2017 fractal) 4 Dec 2025 - $193,180 (2013 fractal) Near-term lows:
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@apsk32
apsk32
3 months
If bitcoin's cycle pattern continues, price should remain inside or near this blue cloud. The ETFs pushed us out of the cloud and now we're reverting back. We're 3+ months away from upwards acceleration and we could see prices go up 4x by the end of 2025. --- Many anticipate
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@apsk32
apsk32
2 months
These two bitcoin animations received 2.3M impressions in the last 72 hours! A common saying is that school teaches us math, like cosines and the hypotenuse of a triangle, but we never use it at work. As an engineer I have to use math everyday to calculate satellite orbits and
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@apsk32
apsk32
2 months
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@apsk32
apsk32
4 months
There's a line that bitcoin's price shall not pass. A lower bound on price, a power law. Time contours tell us how long it will be before the support forces current prices upwards. For 12 years, every bear market has returned to this support line. The support passes one
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@apsk32
apsk32
2 months
Michael Saylor's new model is a power law. It's a power law fit of bitcoin's market cap. Blue dots (Saylor) on orange line (power law). I'll drop a link to his spreadsheet in the comments. Check it out for yourself.
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@apsk32
apsk32
3 months
If price follows the same pattern as the last halving, we could see $210k by next Spring.
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@apsk32
apsk32
3 months
If bitcoin is 5 years ahead of the power law support on 1 Oct 2025 then it will be worth $255,000. I chose that date based on previous cycle timings. I use this plot to visualize the cycles and to see if it looks like the pattern is changing. --- If the 4-year price cycles
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@apsk32
apsk32
26 days
I've been meditating on a mountain for a couple of weeks now. My yogi asked me, "What is the source of your anxiety?" I replied by showing him this chart. After a few minutes, he said, "All this tells me is that $250k is in play for Bitcoin in 2025." .. and I began to levitate.
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@apsk32
apsk32
2 months
What's the first thing you notice?
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@apsk32
apsk32
4 months
If this is new to you, this animation might help build intuition.
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@apsk32
apsk32
3 months
Two equations explain bitcoin's price since 2011. Watch the video, I'll show you. --- We don't have to like this, but we need to respect it. A power law equation provides a lower bound and an exponential decay of the peaks provides the upper bound. We can hope it will
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@apsk32
apsk32
3 months
A short explainer animation for my pinned post, the "Bitcoin Power Law Fractal Cloud" plot. Title adjustment from "Fractal" to "Cycle." I'll refine the animation later, but I wanted to get it out before I got busy with other things.
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@apsk32
apsk32
4 months
I say this as a bitcoiner, a believer in where we're headed, as someone fully confident in $1M BTC-USD in the 2030s, as someone who has never sold a sat and has no plans to do so. Let the market puke. Give us that sweet 3-sigma double-backflip blackswan dive to $52k as an
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@apsk32
apsk32
3 months
I'm hoping bitcoin goes above $200k and breaks this exponential fit of the price/support peaks. Too precise to ignore for now.
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@apsk32
apsk32
3 months
the mathematical beauty of #Bitcoin its a network, but it's also a road i want you to see it so you can meet us there
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@apsk32
apsk32
2 months
The purchasing power of Bitcoin's market cap has followed a power law since 2011. If that continues.. Bitcoin will be worth $2.6 million in 10 years.
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@apsk32
apsk32
2 months
Bitcoin could hit $300k in 2025--but it's a stretch. I like my models simple. They don't get any simpler than this one. All I do is calculate the power law support and ask "how long will it be before the current price is under the support line?" That's what "years ahead" means.
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@apsk32
apsk32
25 days
Evolution of the Bitcoin power law
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@apsk32
apsk32
3 months
1.2 bitcoin will retire entire families by 2040. --- "But, what about inflation?" Inflation increases the median US family income, which is accounted for in this analysis. "But, the 4% rule was made for stocks and bonds!" True. If we assume bitcoin will outpace stocks and bonds
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@apsk32
apsk32
2 months
Current power law models don't account for inflation or bitcoin's changing supply. Correcting this increases the 2029 trend value from $300k to $500k, a 66% increase. --- Our current models use bitcoin's spot price as a proxy for the value of the bitcoin network. I think this
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@apsk32
apsk32
3 months
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." - satoshi
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@apsk32
apsk32
7 months
The evolution of bitcoin's power law, in log-log.
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@apsk32
apsk32
5 months
A study of the 4-year bitcoin cycle
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@apsk32
apsk32
6 months
The bitcoin power law animation passed 500,000 impressions! If you count the reposts from other accounts, it's well over one million. Wow. It feels great that so many people enjoyed the content. Thank you all.
@apsk32
apsk32
6 months
60-second introduction to the bitcoin power law and time contours See it blow through a million, sound on
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@apsk32
apsk32
24 days
If you plot Bitcoin's price over time on a log-log scale, there's clearly a straight line that performs well as a lower bound. A straight line on a log-log plot is indicative of a power law relationship. During periods of hype (e.g., end of 2013, 2017, 2021), the price rises
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@apsk32
apsk32
3 months
If the exponential decay of the price/support peak ratios continue, and if we peak at the end of 2025, then the years ahead of support would equal 3.55 at the cycle peak. The dashed line in each subplots come from the fit of the bitcoin cycle peaks in price/support. Each orange
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@apsk32
apsk32
4 months
Everyone is early. #bitcoin
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@apsk32
apsk32
4 months
Was your favorite bitcoin analyst warning you about a potential downtrend last month? If not, I'd ask you to consider adding a new voice to your timeline. On 9 June 2024, I wrote this article showing how you could use the power law support and 4-year price fractals to forecast
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@apsk32
apsk32
2 months
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@apsk32
apsk32
3 months
A color study of bitcoin's 4-year cycle. --- Will the pattern continue? Has it already broke?
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@apsk32
apsk32
19 days
Over a 4-year period, no one has ever lost money holding Bitcoin. Bitcoin's 4-year compound annual growth rate is trending down. From late 2017 to late 2021, Vanguard's Information Technology ETF outperformed Bitcoin. Bitcoin's 4-year CAGR is currently above 50%. --- The
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@apsk32
apsk32
7 months
Using the power law model to predict bitcoin's price two years in the future.
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@apsk32
apsk32
1 month
On August 1, 2019, the Federal Reserve cut interest rates. One Week Later: Bitcoin was up 20%. Three Months Later: Bitcoin was down 33%. I think we could get a similar pop and drop, but I doubt we go down 33% from here. Bedrock between $45k-$55k and 2025 rewards the survivors.
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@apsk32
apsk32
2 months
My animation is putting in work for @3orovik . 1 million views. Wild numbers, feels bittersweet.
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@apsk32
apsk32
1 month
The Fed's cutting interest rates, the yield curve's uninverting, alts are crushed, bitcoin's stalled, and stocks are looking vulnerable. .. recession .. I don't believe anyone knows if it's coming, or more importantly, when it's coming. The catalysts that trigger a recession
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@apsk32
apsk32
5 months
Those who start saving sooner end up with more bitcoin. I assumed a family started saving 1% of their yearly income each month for two years. In nearly all cases, starting one year later left them with less bitcoin.
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@apsk32
apsk32
2 months
Pulling on the thread that.. fitting bitcoin's price to a power law (r2: 0.9554) is wrong and we should instead.. fit inflation-adjusted market cap (r2: 0.9580). If you've been following along, you know I like to measure deviation from the trend in time. These bands are less
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@apsk32
apsk32
2 months
Current power law models don't account for inflation or bitcoin's changing supply. Correcting this increases the 2029 trend value from $300k to $500k, a 66% increase. --- Our current models use bitcoin's spot price as a proxy for the value of the bitcoin network. I think this
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@apsk32
apsk32
5 months
Bitcoin's price over the last twelve years. Each plot in a column has the same price range. Will the cycles continue? See also:
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@apsk32
apsk32
5 months
A study of the 4-year bitcoin cycle
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@apsk32
apsk32
4 months
Saving your pay in bitcoin increases your salary. Regardless of which year your family started saving in bitcoin, two things are true. 1) You should have started earlier. 2) You're in profit. (No models here. Historical data only.)
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@apsk32
apsk32
3 months
Families can dramatically increase their effective income by saving 10% of their pay in bitcoin!
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@apsk32
apsk32
4 months
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@apsk32
apsk32
7 months
The evolution of bitcoin's power law.
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@apsk32
apsk32
2 months
Bitcoin rewards families who save for their future, and these families foster stability within their communities.
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@apsk32
apsk32
6 months
Bitcoin runs on the rails of a power law
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@apsk32
apsk32
2 months
It's never to late to start saving in bitcoin and you should have started yesterday.
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@apsk32
apsk32
5 months
Three perspectives of the same box.
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@apsk32
apsk32
2 months
The power law of bitcoin's price with time is incongruent with the working theory. Correcting this error identifies a growing divergence in price forecasts. As of today, the difference is $85k vs $74k, ~15%. By 2029, that becomes $394k vs $303k, ~30%. (This post will not
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@apsk32
apsk32
3 months
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@apsk32
apsk32
4 months
Most of bitcoin's yearly gains happen in just a few days. If you try to time the market, you could miss those big moves. (Less popular, but also true, missing out on the worst couple of days can seriously help your returns.)
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@apsk32
apsk32
25 days
Since May 2022, the power law forecast for January 2028 has decreased by 25%, dropping from $300k to $225k. Since May 2022, the forecast for today has also decreased by 25%, from $100k to $75k. This is a big-picture tool; it shifts and is imprecise. Use it for getting rough
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@apsk32
apsk32
4 months
"How low could bitcoin fall?" "When will price accelerate upwards?" "How high could we reach?" We study the past for clues. --- If bitcoin continues to follow a power law and price continues to follow a 4-year pattern, then these fractals provide us with historical references
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@apsk32
apsk32
4 months
This animation helps to describe the power law support and the 'years ahead of support' measure.
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@apsk32
apsk32
2 months
Today bitcoin and the SP500 fell by 7.5% and 3%. There are only 8 other days where bitcoin and the SP500 fell this far together. 2 of those 8 days happened around the halving in 2020. Those who bought the dip were rewarded with 109% and 375% returns over 6 months. 6 of those 8
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@apsk32
apsk32
5 months
Thanks for having me on your show Fred! If you missed our discussion on bitcoin power laws, you can check it out on Fred's youtube channel. Hope you enjoy!
@dotkrueger
Fred Krueger
5 months
The most epic power law presentation ever from @apsk32
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@apsk32
apsk32
5 months
Buy-and-hold is underrated. Traders and gamblers are usually trying to get back something they lost. There's no need to bring that stress into your home. Just get on the water and let the numbers go up. Converting some of your pay into bitcoin lets you and your family rise
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@apsk32
apsk32
5 months
Experiment results: Bitcoin sell and rebuy scenarios including 20% capital gains tax. *Not financial advice.
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@apsk32
apsk32
6 months
Bitcoin has followed a power law for more than 10 years. The model predicts that one bitcoin will be worth more than $1,000,000 in the 2030s. This model provides a nearly perfect support line for price. The power law, or power function, is simply price=(some constant
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@apsk32
apsk32
5 months
Static frame of bitcoin power law time contours. Added a grid for anyone looking to zoom in. The time contours (0-6 years ahead) are not peak fits! They're reference levels, not a corridor. Time ahead tells us how long it could take to recover. How long it will be before the
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@apsk32
apsk32
2 months
The "Power Law" is a weird name. Law.. Power.. so magnificent. Did you know that the area of a square follows a power law? The area is equal to the length of a side squared. Area=Length^2 The "power" (simply the exponent) is 2. Even y=x is a power law, y=x=x^1, the power
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@apsk32
apsk32
4 months
If the average family saved 10% of their pay in bitcoin, starting January 2020, they would be have turned $39,000 into $131,000.
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@apsk32
apsk32
5 months
Heatmap plot of bitcoin's historical forward return. Think of the x-axis as the date you purchased bitcoin. The y-axis is how long you held that bitcoin. The color is your percentage gain (or loss). Each year in the x- and y-axis are subdivided into 12 cells--one for each
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@apsk32
apsk32
4 months
Some are sad about bitcoin going down. I just see opportunity.
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@apsk32
apsk32
4 months
@BitcoinMagazine This long-term trendline gives me confidence. Stack in peace.
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@apsk32
apsk32
2 months
If you're unfamiliar with the power law fit, here's a 60-second animation that explains it visually. Small caveat, this video fits bitcoin's price, while Saylor's model appears to have fit bitcoin's market cap.
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@apsk32
apsk32
2 months
If MC/GOLD is the real power law, then the fair value today is $129,202. --- Did you know that bitcoin's gold normalized market cap follows a power law and it's a better fit than price? There's a number of quantities you could select with similar r2 values. You have to pick
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@apsk32
apsk32
4 months
As the price of bitcoin falls, your bitcoin denominated income increases. Your job is worth more bitcoin today than it was yesterday and your stacking goals are easier to reach. If you're still buying bitcoin, and if you believe in its long-term trajectory, then today is a good
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@apsk32
apsk32
6 months
If Bitcoin's price crashed, how long could it take to recover? That's what this is.. I made it in frame by frame in python/matlab. Hope you enjoy.
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@apsk32
apsk32
4 months
Thank you to my 10,000 followers, and a special thank you to those who engaged when I had none. ❤️
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@apsk32
apsk32
2 months
If you fumbled your bag, could you ever earn it all back?
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@apsk32
apsk32
5 months
In my pinned post, I animated the bitcoin power law support and time contours. There, I used all available price data to compute the support line. Here, I compute the support line at each time step. The numbers on the right tell you value of the support n years in the future.
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@apsk32
apsk32
4 months
A few people have asked for a tutorial on how to plot bitcoin data with python. This image contains all the code needed to - retrieve bitcoin price data from the Federal Reserve Economic Data (FRED) - compute the number of days since the genesis block - perform linear regression
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@apsk32
apsk32
2 months
@CryptoKaleo All systems nominal
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@apsk32
apsk32
5 months
Bitcoin rewards those who hodl
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@apsk32
apsk32
6 months
To the men and women who endured, happy halving.
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@apsk32
apsk32
2 months
@3orovik The recent drop just puts us back in line with previous cycles. Still feeling great about 2025.
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@apsk32
apsk32
7 months
Raw bitcoin power law fit. Nothing else.
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@apsk32
apsk32
5 months
For most people, your job will bring more money into your home than the returns on your bitcoin. If you have $25k of bitcoin today and bitcoin reaches $1M in 2034, you'll have gained $350k over 10-years. A $70k/yr job brings in $700k every 10-years! Do both.
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@apsk32
apsk32
3 months
Last frame
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@apsk32
apsk32
5 months
abide bitcoin's rising tide
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apsk32
3 months
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@apsk32
apsk32
2 months
"My stack is monotonic and downturns excite me." I don't know if this is the start of a deeper pain cycle, but if it is, remember this: doom brings opportunity
@apsk32
apsk32
4 months
I say this as a bitcoiner, a believer in where we're headed, as someone fully confident in $1M BTC-USD in the 2030s, as someone who has never sold a sat and has no plans to do so. Let the market puke. Give us that sweet 3-sigma double-backflip blackswan dive to $52k as an
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@apsk32
apsk32
2 months
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@apsk32
apsk32
2 months
A version with labels for all you label lovers 😘
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@apsk32
apsk32
1 month
Check out this video by @GameofTrades_ . It does a good job of showing what could happen.. even if we don't know that it will.
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@apsk32
apsk32
3 months
This 60-sec animation is a great place to start for those looking to understand the power law and the 'years ahead of support' metric.
@apsk32
apsk32
4 months
There's a line that bitcoin's price shall not pass. A lower bound on price, a power law. Time contours tell us how long it will be before the support forces current prices upwards. For 12 years, every bear market has returned to this support line. The support passes one
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@apsk32
apsk32
3 months
I'm not on board with the idea that cost of living is causing people to have less kids. My grandparents were poor as dirt and each had 9 or 10 siblings. They didn't have air-conditioning, refrigerators, electricity at the house, cars, they didn't go to college, and they lived in
@PrestonPysh
Preston Pysh
3 months
@PicoPaco17 What a bad take. It address the effect not the cause. The birth rate collapse is because governments use perpetual debasement to offset runaway government spending (wars etc) which eventually makes the cost of having a family too expensive so they start having way less kids.
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@apsk32
apsk32
6 months
Saving $1,337/mo in bitcoin. It's probably too late for lambos and islands, but there's good news here. Assuming bitcoin continues to follow a power law, bitcoin would hit $1M around Oct. 2033. In that time you could have saved 0.724 BTC (worth $724k) with $152k. 4.7x on savings.
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@apsk32
apsk32
5 months
Have you ever been on a long drive and noticed you were 30-min ahead of schedule? Maybe you were going over the speed limit or there was no traffic. That's how you should think of these contours. The support line is the schedule. You can stop for a bit and still arrive on time.
@apsk32
apsk32
6 months
60-second introduction to the bitcoin power law and time contours See it blow through a million, sound on
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@apsk32
apsk32
7 months
Two year price predictions using bitcoin's power law model, in log-log.
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@apsk32
apsk32
2 months
Looking Ahead: What's Your Prediction for Bitcoin's High in 2025? Convince us in the comments!
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@apsk32
apsk32
20 days
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@apsk32
apsk32
5 months
I'm joining @dotkrueger live tomorrow at 1p PST to discuss the bitcoin power law. Hope to see you there!
@dotkrueger
Fred Krueger
5 months
I'm going live tomorrow here at 1pm PST with apsk32 on Bitcoin Power Laws. Cue up your Power Law Questions. Later, this week (or next) more Giovani. You can never get enough Power Laws
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@apsk32
apsk32
4 months
Saving your paycheck in bitcoin increases your salary
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apsk32
6 months
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apsk32
4 months
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@apsk32
apsk32
2 months
Sometimes you just need to zoom out. Here I'm using a bit of color to show simple moving averages and I wrap the time axis to align the halvings.
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