Post
Topic
Board Speculation
Re: So where exactly are we in the bubble?
by
alyssa85
on 12/08/2017, 13:49:03 UTC
I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

That's the fun part about this graph. While it gets posted during every growth phase it's almost always applied only to the current cycle, not the big picture. Plot twist being that all the cycles we've seen so far may just be blips on what in retrospective may very well have just been the stealth and awareness phase.

Growth has been healthy so far, but it looks indeed like we may be entering the mania phase of the current cycle. Possibly even of the big picture. On the other hand Bitcoin might simply stabilize which would also be fine in my book.



The best part of it is that the Mania phase is Yuuuge. We're just at the start and it has a ways to go. The trick is knowing when the whole thing is about to collapse at the Delusion phase and get out in time.