I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?
why would you think bitcoin is in a bubble when the price is struggling to go up!
have you forgotten the dump to $1800, then the dump to $2200 then the dump to $3100 acouple of days ago.
a bubble would have been a lot faster and a lot bigger than this with 0 corrections.
let me quote your pic so it shows up:
Quote
all i can say about this is that this very same picture has been posted here every single time that bitcoin price has any kind of rise and each time it is the same arguments.
and like always this picture is a very simplified one and it doesn't mean the bubble wasn't that small rise to $2400 and the drop to $1800 can be the bubble burst. and this is currently the back on track after the burst.