BitcoinLong
2015 or 2019? BTC TracKING bubbles
Can you tell the two apart without looking at price?
I cannot.
Long.
TP 1: $50,000
TP 2: $67,000
TP 3: $95,000
Bubble 1
January '13 $2 to January '13 $1200 = 50,000% increase
Crash til January '15 $150 = -85% decrease
Bubble 2
January '15 $150 to December '17 $19,600 = 12,000% increase
Crash til December '18 $3170 = -83% decrease
Bubble 2 percent gain was 25% of Bubble 1
By extrapolating that to Bubble 3, I expect a 3,000% increase in price.
From $3170 to $95,000
I cannot.
Long.
TP 1: $50,000
TP 2: $67,000
TP 3: $95,000
Bubble 1
January '13 $2 to January '13 $1200 = 50,000% increase
Crash til January '15 $150 = -85% decrease
Bubble 2
January '15 $150 to December '17 $19,600 = 12,000% increase
Crash til December '18 $3170 = -83% decrease
Bubble 2 percent gain was 25% of Bubble 1
By extrapolating that to Bubble 3, I expect a 3,000% increase in price.
From $3170 to $95,000
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