If I scale the Hunt Silver Spike to the first Bitcoin bubble and apply the usual timing corrections, it looks like we're at the peak of the Echo Bubble 1983.
AMIDOINGITRITE?
Show, don't tell!
Meh, I'm not writing a novel right now am I... okay, but I guess I should heed the rule for manipulation as well. I'm far too lazy to edit/overlay though, and besides, anything fits if I can move the base price as another independent variable. Here's the historical silver price:
See the echo after the bust had brought prices back down for the first time? Many bubbles have these little double peaks we just had. They call the first dip and recovery "bear trap".
Go Google DJIA and NASDAQ bubbles and look at the peaks, I'm at the wrong PC to do fancy graphics @tm.
Edit: note that the echo bubble was from about 5 to 15, a factor three. Not counting Bitcoinica spikes, Bitcoin bottomed above 2, and now we're at around three times that.
AMINOTAGOODMANIPULAT0R?
I'm long by holding & wouldn't actually mind if this were so because silver never went to zero, nor will, there's then the peak of 2011 which is nada malo, anyway we're living in very, very different times than back in them there Hunt bro days
Edit: oops, sry didn't see that "I'm long by holding" appears that this thread may have caught a case of
NSFW Benny Hill-itus
