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?
Personally i think we are close to the delusion part. Just look at the first reply here:
This ain't no bubble bubba! This is THE train and it has left the station, get your asses in or you will have to take an expensive flight to board it again.
No kidding, when big boys like Fidelity and Charles Schwab start tracking the COIN, its game over for the little drips.
No kidding, when big boys like Fidelity and Charles Schwab start tracking the COIN, its game over for the little drips.
When people make comments such as this it just makes me think, how long is this bull wave going to last? The fact is that there has never been a bull wave without some sort of major adjustment following it. Bitcoin is no exception.
I think that we'll peak out at around $4900-$5100 and then drop back to $4000, go up to $4400 once again and slowly adjust our way down. As the chart shows usually people sell excessively when they panic so there could be a buying opportunity somewhere in the next year.