Email of the day on bitcoin's reliability as an investment:
Comment of the Day

August 27 2021

Commentary by Eoin Treacy

Email of the day on bitcoin's reliability as an investment:

An interesting way to look at the Bitcoin price.

https://clockworkpartners.com/price/

Eoin Treacy's view

Thanks for this insightful graphic which may be of interest to subscribers. Here is a section from the commentary:

The left chart displays the relationship between bitcoin's price on a given day (vertical axis) and four years before that day (horizontal axis). The right chart displays the trajectory of bitcoin's price vs. time. The radial axis (logarithmic) represents price in dollars per coin. The angle represents time (four years per cycle).

In both charts, each day is represented by a pink dot and the most recent day's dot is displayed within a blue circle. Price data are from Bevand and Coin Metrics.

Has anyone ever suffered a loss by purchasing bitcoin with dollars and holding it for four or more years? Will anyone?

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