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Topic: Bitcoin & Bubble Comparison on Charts - page 2. (Read 298 times)

sr. member
Activity: 532
Merit: 284
October 11, 2019, 02:29:38 PM
#4
Would be nice if this prediction comes true. I just hope it's not going to be all about the money though - I really love how mass media's focus is pointed all towards BTC when its price rises so much. That grabs the attention of many people not having ever used BTC before.

This is not a prediction. As you can see from the graph, the line ended in Oct 2019 (it's live).

It also confuses the hell out of everyone. They've been misled, hoping that the price hike from 2017 was real. And a lot of people (investors/companies) immediately invest in it. That's why the price kept on rising, until a sudden stop. Because everybody already bought some, and hope that it will still go up. So all of 'em HODL the hell out of it. Then it dropped all the way down.
sr. member
Activity: 532
Merit: 284
October 11, 2019, 02:11:31 PM
#3
A bubble is indeed a bubble.  Grin

When it happened in 2017, I bet everybody freaked out to find out that the price almost hit $20k and immediately bought in masses. Then when the bubble popped, so does their investment. People who HODL since 2014 are the real OGs who probably won't lose anything at this point.

It's nice every now and then to see Bitcoin be in its mean mark. But I doubt many people would start selling soon, 'cause probably the majority of people from mid to late 2017 bought Bitcoin at least $9k.
legendary
Activity: 1134
Merit: 1599
October 11, 2019, 02:09:30 PM
#2
I get what you mean, thanks for the charts. I used to love playing with the charts and predicting the price and had a very big success a few years ago, but now I'm kinda afraid to do it. Would be nice if this prediction comes true. I just hope it's not going to be all about the money though - I really love how mass media's focus is pointed all towards BTC when its price rises so much. That grabs the attention of many people not having ever used BTC before.
hero member
Activity: 2114
Merit: 619
October 11, 2019, 01:47:03 PM
#1




I posted a thread a few days ago which displayed why BTC is different from a normal Bubble. But here I am seeing it's comparison as a bubble. But a Bubble which has already been busted but now is moving at it's mean level. So I think even if BTC was a bubble earlier it has returned to the mean mark and now we have a smooth way ahead.
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