50% lower than the doubling curve
Which at least somewhat invalidates the doubling curve.
Or does “the exception proves the rule” kick in?
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
50% lower than the doubling curve
Which at least somewhat invalidates the doubling curve.
Or does “the exception proves the rule” kick in?
Posted Using LeoFinance Beta
We can see that the curve also got wrecked in Q3 2015 while the price of Bitcoin dipped back to $200. Seems like anything that far under the curve is just free money and I would even think about margin trading if it happens again.
It's not even an exception. The recovery from that dump was outright incredible. I would say if anything the COVID crash was some of the best evidence out there that the doubling curve is a thing. Even a worldwide pandemic that caught the entire world and market by surprise bounced back instantly.
It does show how the support isn't infallible though...
The curve is just an average... an Y = X line on the logarithmic chart.
Posted Using LeoFinance Beta