Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 28/11/2019, 19:45:22 UTC


Quote
Bitcoin Analysis.

- Bull cycles are getting longer.
- ROI since bottom are decreasing.

Conclusion of cycle IV:

Next top: ~ 1400 days since bottom. ETA December 2022
ROI: ~40X since bottom, ~120k $.
https://twitter.com/IamCryptoWolf/status/1199703369880915969



Merited because of an interesting opinion, but i don't really fully buy the thesis that cycles are bound to increase in length since they are being driven (apparently) by halvings. In addition, if ROI are decreasing, but drawdowns stay the same (around 85%), then I just don't see whay it would continue in this pattern. I would reluctantly agree IF drawdowns were smaller, but so far they are not (to a significant degree).

It's like saying that since this summer was unusually long because of balmy weather it would mean that the next one would be longer still.