Secular, you got that right. Slowly trending, not sure which 5-year chart you're looking at cause every chart I've ever looked at for more than 5 years shows anything but a slow trend.
Volatile in the past few weeks yes, but relatively very low compared to past periods. Try and keep that 4-week timeframe and pull the timeline back to 2017.
The big picture's really easy. Set a target years from now, or set a target for 6 digits US dollar valuation. Bet with your friends which one reaches first;)
Volatile in the past few weeks yes, but relatively very low compared to past periods. Try and keep that 4-week timeframe and pull the timeline back to 2017.
The big picture's really easy. Set a target years from now, or set a target for 6 digits US dollar valuation. Bet with your friends which one reaches first;)
I go to the 1 week candle chart, then on the right side bar with prices I shrink that down so that no candles are visible but only little pips. I shrink the price bar down enough so that the parabolas disappear and it just shows a slow upward trend from like $500 up to where we are at now around $10,000. Doing this with the price bar takes all the excitement out of looking at the Bitcoin chart but it shows clearly how the price is in fact on a steady incline. If you look at in that style of chart I described, the long term price of Bitcoin is not volatile at all - it is actually very stable on the longer term. Bitcoin is only volatile day to day, hour to hour, minute to minute.
