Hacker News new | ask | show | jobs
by sshah1983 1986 days ago
Certainly would have been a dominant strategy the past couple of months.
1 comments

anyone jumping in now should be prepared to lose nearly all of their money. That's no a prediction, but nobody can tell you where crypto is going to go from here, and past crashes have been swift and severe, which is fine as long as you can hodl for years.
There's a guy, PlanB (with the bitcoin B) who created a formula for estimtaing Bitcoin's price based on its emission, by correlating it with the price of other assets (mostly gold), called stock to flow. Here's a chart for it: https://www.lookintobitcoin.com/charts/stock-to-flow-model/

As a TL;DR, the price should stabilize around $100k after the current bullrun.

As interesting as that is, those models should not be taken as a basis for investing one's nest egg. If you rely on this money to secure yourself or your family, it should not be placed in risky and speculative assets that are difficult to value and have histories of wild price swings in both directions.