MultiversX Tracker is Live!

Voltatilty decreasing each cycle, taking upward movement along with it

Bitcoin Reddit

More / Bitcoin Reddit 6 Views

I am not big into TA, as I feel the practice of analyzing charts based on daily, and even weekly patterns can have paradoxical effect, almost causing price movements in itself.

Did some math on the previous cyles, as there is a pretty consistent pattern. This is not taking into account halving dates, nor the impact of mining operations' costs, or their impact at times of low liquidty via OTC and exchanges.

The first shows a rise of 296,300% from $0.01 to $29.

  • The second cycle shows a 55,851% increase, from $2 to $1,147.
  • The third cycle shows a 9,805% increase, from $193 to $19,117.
  • The fourth cycle shows a 2,015% increase, from $3,194 to $67,566.

The average decrease in percentage gains between each consecutive cycle is approximately 81.01%. This reflects the diminishing returns in the percentage increase of Bitcoin's price from cycle to cycle. ​

Here are the percentage decreases from each top to the following bottom in the Bitcoin market cycles:

  1. From $29 to $2: 93.10%
  2. From $1,147 to $193: 83.17%
  3. From $19,117 to $3,194: 83.29%
  4. From $67,566 to $15,797: 76.62%

The rate at which the losses are decreasing from cycle to cycle is approximately 6.18%.

If the pattern continues, this would result in the peak leveling off around 600k. It is my opinion that should this pattern deviate on either the peaks, or drops, the potential for contesting the market cap of gold is possible. That could lead to a Bitcoin Standard gloablly. Thanks for reading, please feel free to share you opinions on these numbers!

submitted by /u/eupherein
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments