Trace Mayer, the creator of the Bitcoin investing term he calls the Mayer multiple seeks to tell you the best time to buy Bitcoin according to the chart he has created. The Mayer Multiple is kind of complex, but here is the very simplified version of the chart: https://mayermultiple.info/
I heard about Trace Mayer over a year ago, but when Bitcoin gets volatile it's interesting to get a second opinion. He never calls himself an expert, and you really shouldn't listen to anyone that calls themselves an expert. The Mayer multiple argues that you should buy Bitcoin whenever the Mayer Multiple is below 2.4, which is the multiple of the current Bitcoin price over the 200-days moving average.
The best long-term results were achieved by accumulating Bitcoin whenever the multiple was below 2.4. Take a look at the chart to see how the Mayer Multiple has correlated pretty well with the price so far.
Since these simulations are historical they should not be taken as financial advice.
So why should you care about the Mayer Multiple? Because Trace Mayer was one of the earliest believers in Bitcoin and urged people to buy into the unique technology that Bitcoin provided back in early 2009. https://www.tracemayer.net/
Trace Mayer had been studying inflation rates, gold valuations and more when he came across Bitcoin, and was already speaking about it on his radio show as early as 2009.
Here is a quick video recap of what Trace Mayer is known for:
The truth is that we are all chasing the money, but the real value in crypto comes from the technology and the fact that no individual or the government can fully control how and where you spend it or trade it.
Several of us have lost sight of the value that digital currencies bring. I started out in crypto chasing money and the tech, but since then I have been looking at the technology on a much deeper level and seeing not only what is fair price for these currencies, but also where the value really lies.
We should stop focusing on whose price predictions to listen to, and when we are going to get rich and instead start looking more at the technology. These quick pump and dump schemes in crypto usually only lead to a few people being rich and the rest rekt anyways.
Here is more info and what is called the Bitcoin knowledge podcast: https://www.bitcoin.kn/
Here is another link to the Investor podcast which explains the Mayer multiple in more detail: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/
For Real!
Vote for Trace Mayer for USA President 2020
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Another valuable post from you. Thank you for this important sharing
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Congratulations @the4thmusketeer! You received a personal award!
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Are you okey there @the4thmusketeer
Is there any chance to catch you via DM? I hope you're fine and doing well
Yours
Piotr
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