Re:The entire crypto ecosystem is a ponzi
by lrvick on Monday November 28, 2022 @08:19AM
(#33773263)
The simple moving average for 1BTC should be around $50,000, so a $500 TV will be about 0.01BTC.
Hype or fear may drive the price higher or lower than that, but if you regularly buy and spend bitcoin then the swings average out back to the simple moving average over time, which reliably increases against USD.
I get paid a fixed USD amount of Bitcoin every month regardless of price so my exposure to it similarly averages out.
Hype or fear may drive the price higher or lower than that, but if you regularly buy and spend bitcoin then the swings average out back to the simple moving average over time, which reliably increases against USD.
I get paid a fixed USD amount of Bitcoin every month regardless of price so my exposure to it similarly averages out.