Give me ONE reason why the rainbow will be wrong this time. You can't.
Give me ONE reason why the rainbow will be wrong this time. You can't
Jeremiah Cox
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Alexander Clark
The Rainbow was never tested during such economic problems...
Isaac Howard
If the chart had info before 2012:
Maximum bubble territory could be passed further
Then just a lil bit
Then barely reaches
Then it doesnt even reach...
Next one: will reach for last time
Then we will discover we can go further... further than fire sale
Anthony Myers
Because all equities eventually are going to zero
For this Ponzi I think this is the time because all the bullish models already got invalidated and it’s showing historical weakness
Landon Bennett
cuz it's gay
Levi Anderson
that arc is now so weirdly distorted I expect the next iteration to have a full on 90 degree turn
Mason Watson
what economic problems? rich people are always invested in something. since they hold 99% of the wealth and are getting more with inflation they will always pump the markets.
Dominic Barnes
fucking faggots
Jace Cook
Highlight the last major recession on that chart
Jordan Sullivan
>this time it’s different
Jace Perry
Rich people are accumulating farm land instead of ASCII strings on some nerds' computers though.
Jace Johnson
user theyve already accumulated all the farmland. this is just a hiscore game at this point
Adam Gomez
The reason it's changing is because the halving supply shocks are kinda becoming negligible and DeFi is, whether you like it or not, a massive success playing out on Ethereum and not in Bitcoin. To make matters worse Ethereum is also going to be deflationary while Bitcoin supply just stays the same or even worse de facto increases because of layer 2 fractional reserve Bitcoin printing (basically what happened to the dollar).
Not saying there is no upside but risk/reward doesn't look too good anymore for BTC when compared to ETH.
Alexander Adams
there's no "THE RAINBOW", there's new rainbows being made every time the previous one gets invalidated, soon the rainbow will be pointing into the ground and all you retards will act like it's always been that way
Gavin Lopez
Kayden Torres
The rainbow is a joke retard, it just worked randomly
Hunter Flores
The rainbow assumes volatility of returns is constant over time, which is silly. If you plot Bitcoin's price on a log-log graph (e.g., percent returns over percent time) you get a straight line with steadily decreasing volatility over time.
Michael Gray
The range of the rainbow should tighten as it moves up the log scale
Matthew Sullivan
Here, a thread I posted months ago using the power-law model. It said the bottom was 17.6k, which was almost bang on.
warosu.org
Colton Hughes
Rich people are unironically the controlling force in crypto markets. Just because Bill Gates is jerking off to his fantasy of being the vaccine king of Africa doesn't mean every rich person is trying to follow his lead.
Carson Ramirez
Using that model, the current bottom is 18.9k. Given the following:
>Buy: Price = EXP(LN(Date)*5.5046 - 36.8846)
>Sell: Price = EXP(LN(Date)*4.4549 - 26.2872)
Where date is days since April 26, 2009 (being day 0) - somewhat arbitrary for log scaling
Leo Campbell
Lol. You just have to look at the chart to see that the top gets lower every cycle. less and less profits