not this image again. this image has been posted more times than i have satoshi
and if you want my answer, i say we are currently in the
blow off phase when the despair had already happened at the bottom price of $1830 and it is slowly coming back up to the "mean"
What are you on about?
The bubble moved out of the stealth phase at around $1000, differing from the mean. If you look at a chart, you can see the bull market beginning at around August to October 2015. In late 2016 it starts pushing unusually fast, moving into the "awareness phase". In about March 2017 there is a notable sell off, which is the "bear trap". Then the price begins jumping sharply at the start of May, which is when the "mania phase" begins.
During the mania phase there has been some swings, but only relatively minor ones. Even the drop to $1800 was not very significant. Now we are going so rapidly upwards that it is blatantly the "greed" or "delusion" phase (which is why the public, including you, are having delusions about where we are in the bubble).
The bubble may have further to go up, but I'm already mostly out as I've been buying stuff with my coins over the last couple of days.
The "mean" is somewhere between $800 and $1200 if you ask me. I expect a bear market to bottom out around $600, which could happen in the next two to three years.
