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?
Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?
Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?
That image is nice, unlucky you cant post it. This might not be a bubble at all, especially with the recent drops in value. There was a drop to 2000 a while back before August the first, we then recovered and we rose to 3000, stabilised there and then pushed up to 3.5K. Then we dropped to 3.1K and now with more pumping from miners, we have reached 3.8K.
If we are in a bubble though, I would say we are in the media attention phase now, people are getting more and more interested with bitcoin daily and the media is also following suit.
Well for me, I think we are still in the awareness stage.
There are very few people know about bitcoin still, this world is a big place.
We are now still creating awareness to the masses about bitcoin and it advantages.
Some people like the idea of bitcoin but they don't really want to get involved because they are old school.
It seems like the people of next generation will adopts bitcoin more because they will be born in computer generation (Digital Age).