<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="">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><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" class="">extropy-chat@lists.extropy.org</a>> wrote:</div><br class="Apple-interchange-newline"><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/" 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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