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RE: BTC - Mining difficulty adjustment downwards indicates we bottomed in December

in #bitcoin4 years ago

Yeah went I saw this I was like... hm yeah... or bottoming December implies bottoming in December.


2013201420152016201720182019202020212022
$100$200$400$800$1600$3200$6400$12800$25600$51200

Still doubling every year and it feels like I'm the only one talking about it :D

Like exactly consistently double every single year... it's insane. This is not volatility. It's extremely predictable on the lower bound.

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Show that to anyone talking about bitcoin's volatility. They just need to zoom out a bit.

That summarises it rather well, mate. I think most people are too focused on the short-term volatility, when BTC moves up or down by double digit %.