Posting this as a timestamp to announce my Bitcoin metric which I’ve named “The Dunlap Delay”.
The Dunlap Delay
The Dunlap Delay is a bull/bear metric that assesses the value of Bitcoin at the current time relative to past prices.
The metric specifically tracks how long it has been since Bitcoin first hit the current price.
A graph with “# of years” on the y axis (0 to 5 years currently) and the calendar year along the X axis (2009-present). The graph shows a continuous line from Bitcoin’s inception through the current day with each point along the line plotting how many days it has been since the current price was first reached. Pizza Day could technically be the first day. Price can be in any currency.
At an ATH, the line on the chart would be at 0 on the y axis. At the low of the 2022 bear market, the line would be at its highest point, just under 5 years.
The concept is simple. Bitcoin bought at a price later in time is a better buying opportunity than buying it at that price in the past.
I am working with people to bring this metric to the Bitcoin world. This post is my timestamp to prove the inception of this idea and where it came from.
#Bitcoin