This did not look like a full blown epic rise, I would have thought 4.5~7K would be the bubble, and then the cliff fall back to 2xxx, this could be a bear trap the whole thing seems to be fairly short and subdued, vs say $2~ 17, $30 to $250, 120 ~ 1100,
I completely agree. I wrote a post about this the other day explaining in detail why:
1. this is a bubble
2. this is not the peak
https://www.facebook.com/BCTPredictions/posts/881948598612117
gotta switch the C and T in the link, wont' let me post otherwise for some reason
Interesting, I think that BTC is a bit diff to any preceding asset class, ie its not like dot.com, because BTC is aimed at the finacial systems and money itself.
I think its more like light bulbs replacing candles in the west at least, people just don't use candles anymore, electrical light took the market.
I saw a graph recently of the dot.com bubble and its just a rounding error on the background of the larger financial/banking markets.
BTC is occupying a % of the entire financial system. That puts it into the x number of trillions fairly easily.
