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RE: BTC - Mining difficulty adjustment downwards indicates we bottomed in December
Yeah went I saw this I was like... hm yeah... or bottoming December implies bottoming in December.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| $100 | $200 | $400 | $800 | $1600 | $3200 | $6400 | $12800 | $25600 | $51200 |
Still doubling every year and it feels like I'm the only one talking about it :D
Like exactly consistently double every single year... it's insane. This is not volatility. It's extremely predictable on the lower bound.
Show that to anyone talking about bitcoin's volatility. They just need to zoom out a bit.
That summarises it rather well, mate. I think most people are too focused on the short-term volatility, when BTC moves up or down by double digit %.