Never heard about a 12 mo moving average, but....OK.
...Introducing a 520 wk moving average...We are way above that one.
Mind you, I am still bullish, but planB keeps coming up with something that is tangential at this point.
I understand that he is nervous on whether his models would work or not. It's nail-biting time.
I think that PlanB is just active in posting, and engaging about the bitcoin topic in a variety of ways that are largely helpful to educating people about bitcoin, and probably he has a goal of bringing people into bitcoin based on seemingly strong fundamentals.
Being bullish, giddy and excited about bitcoin is not the same as being nervous.
The BTC price would have to go way the fuck out of wack for such Plan B's model to not be helpful and informative in a variety of ways, such as even contributing to understanding whether the model is broken or if it needs to be tweaked (or just thrown completely out). It is way too early to even consider that Plan B's model might be broken in some kind of way, and so the fuck what, if it is? I mean, yeah, let's say that fiat money printers spend a trillion or more into just dumping on bitcoin on an ongoing basis (yeah as if that is going to happen?) and then BTC prices stay down in the sub $1ks for months or years, then maybe we might start to consider that there is something wrong with Plan B's model, and would we throw it out, or would we just have to tweak the model in order to account for a kind of unexpected exogenous occurrence?
