Join devRant
Do all the things like
++ or -- rants, post your own rants, comment on others' rants and build your customized dev avatar
Sign Up
Pipeless API
From the creators of devRant, Pipeless lets you power real-time personalized recommendations and activity feeds using a simple API
Learn More
Related Rants
Is anyone here up for a long convoluted explanation of how exactly I predicted the last major btc peak/trough within just a couple hundred dollars?
There's actually a pretty precise reason it did what it did. Basically when china started tightening the screws, userbase fell along with price.
And when the price of an asset falls *with* userbase or ownership numbers, there is a delay in reevaluation, and therefore "current" market value doesn't accurately reflect true value.
I can show the math but again its convoluted. Has to do with userbase versus market cap.
Not a financial advisor fyi and I could be wrong.
question
btc
crypto