Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HI-TEC99
on 22/06/2017, 23:01:45 UTC

Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin


Yeah, but the overlap of charts is actually the pre-early 2013 bubble, and I am not sure if that is meant to indicate that we have not even accomplished the first 2017  bubble, yet.

Personally, I believe that it is frequently erroneous to attempt to read too much into such an attempt at overlapping - because we know that there are so many factors that are quite different in this time frame as compared with early 2013 - including development, adoption, alt-space dynamics, hardfork issue, ability to short bitcoin, spread out liquidation options, longer track record at governmental attempts at regulation, and likely several other unnamed but materially influential factors.

I read old posts where someone tried overlapping the 2011 rally with the spring 2013 rally. The overlap predicted a bear market, not the second winter 2013 rally to over $1000 that actually happened. Nobody knows what's going to happen next.