The #ipod strikes again.
bringing sexy back
BTC-BACKPACKER
BTC-BACKPACKER@primal.net
npub1e86g...5ump
Hi everyone,
Allow me to introduce myself. I am a proud dad, happily married to my wife, and blessed with three amazing kids. One of the passions that drives me is my love for Bitcoin. In fact, I recently achieved a significant milestone in my financial journey by paying off my house and cars, allowing me to live a debt-free life.
Living simply is a philosophy I embrace, and I am constantly striving to "orange pill" people, enlightening them about the potential of Bitcoin and its impact on our society. As my wife and I homeschool our children, we ensure they receive several hours each week dedicated to Bitcoin education and discussions about the flaws within our government and the importance of critical thinking.
I believe it is crucial to question the actions of our government and encourage others to do the same. Together, we can foster a more informed and empowered society. I look forward to engaging with you all on Nostr, sharing insights, and learning from each other.
https:/
i stack as much as i can and it never seems like enough .... i work a side hustle but still dosent see enough and per WEN MOON's website it still dosent look like i will be able to retire off my stack for another 30 years .......
#sats #nostr #btc #sat #bitcoin
what do relays do?
and do having more of them make Nostr better ?
#asknostr
Is the bottom price reliable?
Yes.
This model has been accurately predicting the bitcoin bottom for many years now.
It has only failed one time: March 13th, 2020. The price fell below the bottom for only a few hours due to the pandemic black swan crash.
You can be confident that the price will not go below the bottom unless there is an unexpected worldwide financial crisis.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
How is this calculated?
The fair price is calculated using the following formula:
1.0117e-17*(days since genesis block)5.82
The bottom price is the fair price multiplied by 0.42. Historically speaking, bitcoin's floor price has been 58% below its fair price.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
What does fair price and bottom price mean?
According to the Power Law Model, bitcoin's price is always oscillating around its fair price.
We could say that when bitcoin's price is below its fair price then it is "undervalued" and when it is above it then it is "overvalued"
The bottom price indicates the price which bitcoin will never go below.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
What is Bitcoin's Power Law Model?
Bitcoin relationship with a power law was discovered by Giovanni Santostasi when he realized that bitcoin's price moved in a straight line when it was plotted in a log-log graph.
This is the only asset that behaves this way, indicating there is something intrinsic about the nature of Bitcoin which allows us to predict its price into the future.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
The Exponent as a Fingerprint ( bare with me guys )
I know this is much but it's logically correct 💯
The value of the exponent in power laws serves as a DNA or fingerprint for the phenomenon in question. For Bitcoin, the exponent 6 is derived from two other observed power laws in on-chain data:
a) Viral-like growth of addresses over time, reflecting network adoption:
Addresses ∝ Time³
b) Price's quadratic response to adoption, aligning with Metcalfe's Law, which theorizes that the value of a network scales with the square of its connectivity:
Price ∝ Addresses²
If we approximate that Bitcoiners are synonymous with Addresses, we arrive at:
Price ∝ Bitcoiners² ∝ (Time³)² ∝ Time⁶
In addition a power law relationship exists between Price and Hash Rate:
Hash Rate ∝ Price ² .
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
Significance of Bitcoin's Power Law Behavior
It is remarkable that Bitcoin's price action follows a power law, as these are not just ordinary equations. Power laws possess unique properties that signify precise, stable, and predictable underlying processes. Consequently, Bitcoin’s long-term price behavior can be considered both predictable and stable.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
let's keep it simple stupid we are over thinking it 🤔 💬
The Simplicity of Bitcoin's Long-Term Price Equation
The theory is based on the discovery that the price of Bitcoin follows a precise mathematical pattern over the long term.
Price ∝ Time⁶
This equation exemplifies a power law, a relationship where y ∝ xⁿ . Power laws describe a wide range of phenomena, underscoring their fundamental nature.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw
Bitcoin is a Power Law :
Bitcoin's behavior is predictable over the long run. Its long trajectory follows a precise mathematical path called a Power Law.
_______________________________________
#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw