When I buy or sell bitcoin, I do it at the spot price...I don't know how you guys do it at the 200 week average
Kidding aside, 200 wma
could be useful when you look at a VERY long term, otherwise,
it's no better than 50/200 da.OMG you are ridiculous some times. Of course the 200-WMA is better than the 50-DMA or the 200/DMA.. especially if you are thinking in terms of long term. ..,. It is almost so obvious that I should not have to say it, right? The 200WMA is 7x longer than the 200DMA.. and then 200DMA is 4x longer than the 50DMA.. .. so both curves are going to flatten but also in bitcoin, (so far) the slope of the 200WMA has always been up...and it rarely gets breached.. absent our extended period between mid-2022 and October 2023 that had not previously taken place.. but even though the 200-WMA was breached for extended periods during that time, it continued to slope up and even through that whole period, it experienced an annualize appreciation of 20%.
And, yeah the upward slope and even the extent to which the 200WMA is sloping up is likely not going to continue to be so large.. in other words it is likely to continue in the amount of its annualized appreciation.
BTW, we broke down that "precious" 200 wma graph last time..and what? Nothing, really...so far, unless we never reach the new ATH in the foreseeable future, which currently seems unlikely.
Poo poo it, denigrate it and/or ignore it at your peril..
And have fun staying poor, too.
I am very happy with the bitcoin market because I invested in bitcoin quite some time ago. Now bitcoin is worth 51$k when I invested bitcoin was 48k$ now I don't want to sell the invested bitcoins I hope bitcoin in few years I will see the price of 100k$. When the price of bitcoin is 100k$, I will decide to sell my invested bitcoins.
Oh my!!!!!
You are surely THINKING BIG.
Wow.
Would you rather have:
- $1 million
- 0.0000002 BTC, but doubled every day for 30 days
I plotted it out (similar to how Homer did it).
If you start with 1 satoshi, it takes right around 32 days to get above that $1 million value... . which would be almost 21.5 BTC.
This phrase sounds too philosophical. The concept of
"deserve" is too loose. Did you intentionally post such a large picture so that no one would miss this common truth?
It would probably sound more plausible like this:
“everyone gets bitcoin at the price that they is willing to pay now".
I think "deserve" is a better word choice (or a way of expressing the idea) that makes sure to emphasize personal responsibility, especially when a lot of normies seem to have problems of failing to act with some sense of urgency...
Still not quite correct. Double every day for 30 days means 31 days in total, with day1 being 0.0000002 BTC, then doubling for 30 days.
Surely a matter of
interpretation misinterpretation whether the first day counts towards the 30 days... In my own charting it out, I did shortly consider that question, but then in the end, I decided to count the day 1 of receiving the starting amount to count
(which I now recognize to be an error, and I repent), so that the doubling days would have ONLY been 29 in my way of calculating
based on my failure/refusal to read the English language correctly, even though surely your use of 30 days after the initial distribution to be a relatively fair
(and after re-reading the actual language used, seems to be obviously the most correct way of reading the actual chosen words) interpretation, too.
