Perhaps the recent rise in Bitcoin while altcoins fell (unusual compared to the start of summers pattern) was due to Charlie Lee's tweet telling all his followers to invest in BTC before buying any "shitcoin". I somewhat consider him to be the most influential voice in the cryptosphere.
That being said I fully expect/hope bitcoins price will rise.
I would also note this tweet happened immediately after stellar passed litecoin in TMC.
So BTC has already tested and passed what is called the Lindy Effect. https://en.wikipedia.org/wiki/Lindy_effect Which in short means that it's been around long enough that it has ensured its survival. As much as we all want to see it moon, I like the slow steady growth myself, much healthier.
Lindy effect
The Lindy effect is a concept that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy. Where the Lindy effect applies, mortality rate decreases with time. In contrast, living creatures and mechanical things follow a bathtub curve where, after "childhood", the mortality rate increases with time. Because life expectancy is probabilistically derived, a thing may become extinct before its "expected" survival.
Blast off works for me! 🚀 🚀 🚀
Works for me too.
Dear, now-a-days the condition for bitcoin is improving
Yes it is.
Perhaps the recent rise in Bitcoin while altcoins fell (unusual compared to the start of summers pattern) was due to Charlie Lee's tweet telling all his followers to invest in BTC before buying any "shitcoin". I somewhat consider him to be the most influential voice in the cryptosphere.
That being said I fully expect/hope bitcoins price will rise.
I would also note this tweet happened immediately after stellar passed litecoin in TMC.
I think most of it had to do with money moving from altcoins to bitcoin in order to take advantage of the ETF possibly being approved.
that you are right
So BTC has already tested and passed what is called the Lindy Effect. https://en.wikipedia.org/wiki/Lindy_effect Which in short means that it's been around long enough that it has ensured its survival. As much as we all want to see it moon, I like the slow steady growth myself, much healthier.
Lindy effect
The Lindy effect is a concept that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy. Where the Lindy effect applies, mortality rate decreases with time. In contrast, living creatures and mechanical things follow a bathtub curve where, after "childhood", the mortality rate increases with time. Because life expectancy is probabilistically derived, a thing may become extinct before its "expected" survival.