Mostly reminders to myself (Diary)
Thoughts/experiments recorded for whatever.
Engineering scatter brain style, some projects take time & still unfinished
Desire to understand
Levels
Nope I do not want to understand
Yes but no but. Hesitant
YES! Give me everything! Ah that is too much information
Yes Please. Alas a narrower context is d bestt
OK? I can probably figure this out myself without the dross inputs
Piss off dude
Bitcoin goes up in a straight line. NO.
Bitcoin follows a Power Law. Let me explain.
Most people see Bitcoin at $100,000 and think:
“There’s no way it can keep going up.”
People said the same thing at $1, $100, $1,000, $10,000 and yet here we are.
Why… because Bitcoin isn’t behaving like a stock. It’s behaving like a network.
The Power Law suggests that as a network grows, its value grows disproportionately.
Not linearly but Exponentially.
In 2010, almost nobody owned Bitcoin. Today, hundreds of millions of people have access to it.
In 2010, the network was secured by a handful of miners. Today, it is protected by hundreds of exahashes per second, making it one of the most secure computing networks ever created.
In 2010, institutions ignored it. Today, corporations, ETFs, governments, and sovereign wealth funds are involved.
The network got bigger. The value followed. That’s the insight.
The Power Law doesn’t say Bitcoin can’t crash. It has crashed 70%+ multiple times.
The Power Law says zoom out. Measure adoption. Measure network growth. Measure scarcity.
Because over the last 15 years, those metrics have explained Bitcoin far better than headlines ever did.
The face that says... OMG what the Freck happened? I was young and fit a short while ago but had a couple of low paid jobs in the middle.
I proved some people wrong and maybe taught some others a lesson along the way
Yes. I admit. I am still effing stupid in Bitcoin.
But alas. I make an attempt (most days) to learn a little bit along the way.
Hands up, High Five to 2024 and 25 for all the wonders that happened then.
The UK GBP TOP was £46k ISH
Yes I know that inflation and USD GBP exchange rates have shifted. (Alas that is my/a blind spot too)
Here is a dummy brain still trying to understand
Alas if I don't really know, hence I can't pass on the info via courses etc.
Support Vs Resistance
50 day moving Average
Or 21, 500 or RSI or SRSI etc
The 2021 top blew through the 2017 top resistance levels
"The exponent" is leveling out
Etc
Etc