Devastating bitcoin bubble chart
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Poast new message in this thread
Date: January 16th, 2018 6:04 PM Author: Olive shrine
http://i68.tinypic.com/211thqw.jpg
We're two steps away from the despair stage of bitcoin, which could mean prices as low as $6000 (if it does what gold did in 1980) or even far lower, maybe even $3000 (if does what silver did in 1980). For those who can't tell, the black line on the bitcoin chart is the current price action, and the gold line is extrapolated from the gold/silver 1980 bubble chart. Compare the charts, and it's clear that the price movement of bitcoin is following the bubble pattern to a tee so far.
(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35170725) |
Date: January 17th, 2018 1:33 PM Author: Olive shrine
The chart is even reflected in the bitcoin boart:
https://bitcointalk.org/index.php?board=1.0
We are very much in the "public" phase, and the clueless masses are in either in fear, or denial, desperately trying to "DCA." Reminds me so much of what happened on the Kitco boards during the crash from $50 silver/$2000 gold.
People baselessly saying "I firmly believe in bitcoin and I think that it will keep growing."
And
20k - 2018
50k - 2019
100k - 2020
(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176411)
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Date: January 17th, 2018 1:45 PM Author: grizzly nibblets
No one can predict the future I am just stating what the data and price history clearly shows.
People treat crypto with a FOMO and intensity like it's a short term game.
It's not and it never has been. The people who saw the biggest gains invested early and sat on it for years.
(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176526) |
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