[ExI] power law model of BTC

[Gadersd]

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.

> On Nov 16, 2022, at 5:27 PM, Giovanni Santostasi via extropy-chat <extropy-chat at lists.extropy.org> wrote:
> 
> The recent events of FTX have almost nothing to do with BTC. 
> I heard about BTC in 2010 for the first time in this list. I bought my first BTC in 2012 because of this list. 
> I believe a list member created or was a main force behind BTC creation. 
> 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:
> https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/ <https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/>
> Here is a live chart based on my model.
> 
> https://buybitcoinworldwide.com/stats/long-term-power-law/ <https://buybitcoinworldwide.com/stats/long-term-power-law/>
> 
> 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. 
> The temporary bubbles and downtrends are not what is important but the general trend that is very predictable. 
> Giovanni 
> 
> 
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