hey everyone thanks for jumping back into the cryptoverse today we're gonna talk about bitcoin macro level volatility if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below we also do have the black friday sale on the premium list that'll run through the end of the month you can find a link to that in the description below as well let's go ahead and jump in macro level volatility is very important in understanding not only where bitcoin is today and what are some of the limitations in terms of short-term price appreciation but also in terms of understanding where it's headed over the macro scale i would argue that bitcoin is the soundest money but sometimes it can leave you wondering what's going on if it can drop NUMBER_TOKEN in a few weeks like it did earlier in NUMBER_TOKEN. bitcoin right now is in this long price discovery mode that has essentially been lasting the last NUMBER_TOKEN years now eventually the prices will stabilize a lot more and ultimately one cycle will become completely indistinguishable from another cycle you have to imagine that as time goes on if the cycle roi continues to diminish then at some point the cycle roi just gets so close to the x-axis that it's somewhat it becomes somewhat subjective to even talk about cycles but for now i still think they're they're very much in play and we will see a lengthen cycle this market cycle and and we'll be able to track the next one as well but one of the things i wanted to talk about is if you take the percent difference between the maximum and minimum price of bitcoin discretized annually this is what you get right this is what you get and what you notice is while there the you know the dots are sort of all over the place to some degree but what you will notice is that it seems like there is a downtrend it seems like there's a downtrend in there somewhere the reason why that's important is because it makes sense in line with diminishing returns diminishing returns should not be a scary word it is just the way things are right it's just the way our world works diminishing returns is a thing i have two screens in front of me two screens i have my laptop screen which is where i record all these extremely high quality production videos from but i also have a monitor over here and i like to have both screens if i were to have a third screen probably would start getting diminishing returns on having all that extra real estate on my desk um a fourth screen fifth screen at some point you get diminishing returns okay it's the same thing with with investments okay eventually these things are going to experience diminishing returns but the nice thing about bitcoin is that if we had to pick you know one cryptocurrency to scan the test of time bitcoin would be that cryptocurrency now i would argue ethereum's basically right up there with it but bitcoin would be that cryptocurrency so while yeah maybe you're not gonna see bitcoin go up a thousand x in a year okay it it will likely continue to trend up with time and it's a much safer investment of course none of this is financial advice now when we look at this the maximum the percent difference between the maximum and minimum one of the things you'll notice is that this is this is a percent by the way one of the things you'll notice this is a logarithmic
START_SELFPROMO_TOKEN if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below we also do have the black friday sale on the premium list that'll run through the end of the month you can find a link to that in the description below as well let's END_SELFPROMO_TOKEN