Gday all,
Some time ago, I read an interesting article that showed how each of the BTC bubbles followed a similar well-known pattern :
The point was, each BTC peak was way higher than the previous one - like orders of magnitude higher.
IIRC:
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
But each followed the same bubble pattern, just at different scales.
I cannot seem to find it now, hoping some knowledgeable reader can recall that specific article ?
Maybe that's why some posters predict the next peak ?
Kapyong
Bitcoin bull run have always followed the same pattern, I will not call it a bubble because we all know what I bubble means and bitcoin should not be refer to as a bubble because when a bubble burst nothing remains but bitcoin have never dropped to zero cent before. The chart have always follow the same pattern but the only difference is the time frame. The timing for all this rise are different only pattern of movement is the same.Some time ago, I read an interesting article that showed how each of the BTC bubbles followed a similar well-known pattern :
The point was, each BTC peak was way higher than the previous one - like orders of magnitude higher.
IIRC:
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
But each followed the same bubble pattern, just at different scales.
I cannot seem to find it now, hoping some knowledgeable reader can recall that specific article ?
Maybe that's why some posters predict the next peak ?
Kapyong