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Bitcoin’s ‘Never Look Back’ Price Promises Steady Long-Term Gains

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Amongst the wide range of charts, models and tools to map and predict bitcoin price moves is one barely-noticed metric. But Timothy Peterson, of Cane Island Alternative Advisors, has just published an article championing Bitcoin’s ‘never look back’ price.


Bitcoin Passes A Point Of No Return

The concept of the ‘never look back’ (NLB) price is simple. For each given date of Bitcoin’s existence, plot the lowest price between that point and today.

So for instance, taking 19 July 2010 as a start date, the lowest recorded price since then has been $0.05, occurring on 25 July 2010. All ...

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