Bitcoin logarithmic regression chart show $100k bitcoin in year 2021
Hello Steemit friends, so bitcoin and the whole cryptocurrency market is dropping like hell right now, bitcoin have dropped more than 80% from its peak and alt coin are dropping 99% from its peak
When things get worst, we need to have some moral booster, so here I present you with a bitcoin logarithmic regression chart that show the last 10 years movement of bitcoin price
how to read the chart:
top axis show the year
left axis show the bitcoin price
As you can see from the chart, bitcoin price is always ping pong up and down above or below the logarithmic regression trend line,
when bitcoin price higher that the line which happen on year 2011,2013,2017, you know that bitcoin is overprice and it is a good time to sell, but when bitcoin price is way below the line it mean bitcoin price is actually undervalue and therefor it is a wise idea to collect some while its cheap
So if you believe in this chart, so theoretically we can see bitcoin reach USD100,000 at year 2021, so just hang tight and wait for it to happen and collect more while cheap
I am not saying this chart is 100% accurate but I just want to give some moral boost for those who always think that bitcoin going to zero, bitcoin will never going to zero, see the reddit page, it have over 1 million subscriber and there are more than 50 million people who own at least some bitcoin so its not going to zero, the user base will just keep growing until everyone also have some
thanks for reading
<br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : http://fundurian.vornix.blog/2018/12/05/bitcoin-logarithmic-regression-chart-show-100k-bitcoin-in-year-2021/ </em><hr/></center>
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Damn, we could be billionaire in 2021 XD
yalo, hehehehe, so buy more
Oh yeah, buy buy buy XD
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I have hardly any bitcoin :(