Bro I still can’t believe that he didn’t just go through the short corner and dribble out. This is an all time bonehead play even if it was game 1/82 rather than game 4 of the finals. Possibly biggest mental mistake in NBA history
Power Law is the only “law” in bitcoin that has never been broken. This time will be no different. Stop feeding into the FUD and turn on your DCAs. #HODL
My personal view of the current situation:
Here in the plot, all points that retrospectively fall BELOW the Power Law Bottom I use - the lowest 5% quantile - are marked in pink.
As we can see, this happens regularly either at the end of the red suppression phase, when prices have come down from the top and are still falling relative to the PL Bottom until they finally reach it again, or during the blue relaxation phase, when prices meander along the PL (same slope) for months or even years.
Accordingly, such days may occur more frequently over the next two years.
Bitcoin is trading near stress value, not model value.
Adoption power law: ~$130K
My LPPL model: ~$99K
Spot: $66.6K
P-10 floor, leak free (R^2~99.5%): $62.4K
The market is not pricing the adoption curve right now.
It is pricing residual stress.
That is the whole signal.
Bitcoin does not need a new bull thesis.
It just needs the discount to clear.