<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">Past performance doesn’t necessarily imply future performance. You may be confident, but that doesn’t mean that relying on this trend isn’t risky. Bitcoin COULD implode and some people COULD lose all or most of the money they invest into it.<br class=""><div><br class=""><blockquote type="cite" class=""><div class="">On Nov 16, 2022, at 8:22 PM, Giovanni Santostasi via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org" class="">extropy-chat@lists.extropy.org</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div dir="ltr" class="">Not in this case. It is basically a unique pattern that is almost non existent over this extent of time in any other financial asset. <br class="">I made my first predictions of the general trend in early 2013 and it has been very spot on for all these years. <br class="">There is not a guarantee that BTC will continue to this pattern but it is a pretty solid bet. </div><br class=""><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Nov 16, 2022 at 3:18 PM Gadersd via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org" class="">extropy-chat@lists.extropy.org</a>> wrote:<br class=""></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div style="overflow-wrap: break-word;" class="">Relying on price trends to inform one’s investing decisions can be very dangerous. Investing on the basis of a price trend is generally not wise and one should be especially wary given the inherent risk that cryptocurrency entails.<br class=""><div class=""><br class=""><blockquote type="cite" class=""><div class="">On Nov 16, 2022, at 5:27 PM, Giovanni Santostasi via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org" target="_blank" class="">extropy-chat@lists.extropy.org</a>> wrote:</div><br class=""><div class=""><div dir="ltr" class="">The recent events of FTX have almost nothing to do with BTC. <br class="">I heard about BTC in 2010 for the first time in this list. I bought my first BTC in 2012 because of this list. <br class="">I believe a list member created or was a main force behind BTC creation. <br class="">I have written about mathematical models of BTC that predict a steady growth of BTC (with oscillations around the general trend) that will eventually bring the value of BTC to 1M. Here an early post:<br class=""><a href="https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/" target="_blank" class="">https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/</a><br class="">Here is a live chart based on my model.<br class=""><br class=""><a href="https://buybitcoinworldwide.com/stats/long-term-power-law/" target="_blank" class="">https://buybitcoinworldwide.com/stats/long-term-power-law/</a><br class=""><br class="">The power law is evident in a log-log plot (it shows as a straight line in a log-log chart). I have studied many other assets and only gold and silver follow long term power laws in time. <br class="">The temporary bubbles and downtrends are not what is important but the general trend that is very predictable. <br class="">Giovanni <br class=""><br class=""><br class=""></div>
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