/biz/ - Business & Finance

bear with me guys, i have been in crypto since mid-2013 and i am definitely not a technical analyst and have no knowledge of TA at all

after looking at the picture referenced in this post, i immediately drew a parallel to ptolemy's geocentric model of our solar system, shown here: https://www.youtube.com/watch?v=EpSy0Lkm3zM

this post is basically trying to flesh out my idea

the basic premise is, just like the geocentric model of the solar system is wrong, so is our frame of reference for technical analysis. ptolemy's mapping had a bunch of concentric loops because he thought the earth was at the center. however, when we mapped it with the sun was at the center, all of those loops turned into normal-looking elliptical orbits

if we find the equivalent of the "sun" in the above-mentioned chart and map it according to its center, then our price chart should start to make more sense, as well. after thinking about it a little bit, i realized that the x-axis should NOT be "time", it needs to be something else (not sure what), and time needs to be plotted as a point on the graph instead

i was immediately reminded of rust cohle from true detective (played by matthew mcconaughey) who said that "time is a flat circle". you will notice that the sun is the only flat circle in this video: https://www.youtube.com/watch?v=EpSy0Lkm3zM

since we know that price is a function of the velocity of money, https://www.ccn.com/bitcoin-quantity-theory-money-bitcoin-undervalued/ , MV =PQ , this "decaying orbit" eventually reaches the center at incredibly high speed. so, as it reaches the center of the gravitational well, the price slowly crashes, until it experiences a 10-100x bubble

so, we have the actual price line looking like its traveling through space and being "pulled" by gravitational orbits of heavenly bodies and the orbits are mapped according to an incorrect frame of reference. these "pulls" influence the price to go up (a little bit). it looks like a decaying orbit that eventually gets close to this gravitatational well or "singularity". once it reaches the singularity, increases in speed at an astronomical rate, and eventually gets flung back into "space" at a decelerating rate

if you look at https://bitinfocharts.com/comparison/bitcoin-price.html#log , you'll notice that we have experienced least 7 of these types of S-curve growth patterns already.

looking for thoughts and ideas.

>>13607015
the new x axis should be "trades" themselves

>>13607015
S-curve adoption is a well known trend in marketing and technology. Typically it's done as a vertical S, maybe price and physical adoption work inversely with one another similarly to electricity and magnetism, time and space, or any other orthogonal vector. Interesting idea anon. You'd predict a sell-off now wouldn't you?

>>13607015
>bear with me guys
you can't get me to short that easily bobo

> Infinite universe = infinite gains.

>>13607007
>>13607015
>>13607046
you're overthinking the whole memelines thing
you just need 2-3 straight lines on the monthly and your good2go

>>13607169

no sell off. we are on our way to 8 trillion market cap

>>13607353
for BTC or the entire crypto market?

also do you think BTC will make a correction and then keep going up?

>>13607373

talking about entire cmc. not sure about which coin will be top once this is all over.

take a look at https://bitcoinfees.earn.com/ if fees get to be $50/60 per tx (if you have multiple unspent outputs, you need to pay 1 fee for each one), most people who use exchanges exclusively don't understand this.

If it costs $100 to send a $110 tx consisting of 2 unspent outputs of $50 and $60, 100% of tx will be used to pay that fee. bitcoin dev team can blade users for being stupid or whatever, but that won't make them magically smart enough to learn how to send tx cheaply (with segwit and lightning), they will just transact with other coins.

>>13607569

meant to say "bitcoin dev team can blame* users..."

>>13607583
>>13607569
is this the golden bull to 8trillion mc or will it be in a few years?

>>13607603

this is the golden bull run, its fueled by tether/bitfinex collapsing. just like the one that happened when mtgox collapsed. except this one is bigger because all exchanges that have a tether trading pair will be affected. some of you guys are alright: don't have money on exchanges this month. after this bull run is over, there will be a crash to 1-2 trillion. after that there will be one more golden bull run, it will be fueled by collapse of united states dollar. at that time, crypto will eclipse the entirety of the world's money supply.

>>13607633
excellent. i have some shitcoins on bittrex, should i take them off? also will alts boom along with BTC or will they die off?

godspeed anon. we're all gonna make it

>>136070xh

Chainlink

>>13607671

bittrex lists tether, it will be affected. everything booms in a crypto bull market. just gotta make sure you own the coins instead of letting exchanges steal them from you. exchanges experience downtime during bull runs because they are all fractional reserve. they spent your coins on operational costs and stakeholder dividends long before you decided to withdraw them.

>>13607633
nice try but the dollar is the strongest currency in the world and the euro will get assfucked first.
See the EU are self regulating the car industry by wanting lower carbon emissions due to "global warming", who happen to be the biggest net contributors to the EU? Germany ofc, and their biggest income? Cars.
The EU is shooting themselves in the face and the money will run away to the USD.
Trump isn't having any of that global warming nonsense
also crypto gonna get justed with everything else i'm afraid, speculative assets don't do good in depressions.

>>13607772

fiat is a speculative asset at this point. it is irresponsible to hold it. lets not debate the merits of which garbage fiat is slightly worse than another. who the fuck cares? they will all go down the drain.