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That story is this: when applying the Trend-Based Fibonacci Extension, you’ll notice that the true structural beginning always tracks back to 0.00000. That’s not just a technicality — it’s a foundational signal. It implies that we are not just seeing the start of a Primary or Cycle wave — we’re potentially witnessing the early formation of a Grand Supercycle structure.
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No asset can be tracked back to 0.00000 —this would imply the asset was worthless at some point in history.
Neither gold, nor oil, nor bitcoin, nor either the DJIA30 index can be tracked back to 0.00000
Technically speaking, when bitcoin was launched in JAN-2009, it had no market value.
So, the effective "price" was $0 —but there was no market and trading yet, just mined for free.
Once a market was established, the lowest price of bitcoin was $0.00099 (about 1/10th of a cent).
Most tech IPOs from the Dotcom Bubble eventually dropped below their first traded price; and so, the rise during that mania was considered a B-wave.