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RE: In which phase of the chart do you think the price of Bitcoin is?
If I compare the scheme of the bubble with the bitcoin chart, it looks like capitulation.
If I compare the scheme of the bubble with the bitcoin chart, it looks like capitulation.
@behelen, I think so, as well.
Btw, you can see one of my post from last year (August 9th, 2017) when price of bitcoin jumped from $2500 to $3500. At that moment many people said that this is the end and the price will drop to $1000. I explained to them that it is very hard to predict where the top of this "Mania" stage will be. And, at that moment, I tried to warn many traders not to play again the bitcoin prise rice. You can read my post. I wrote such kind of post last year very often.
p.s. in the post you can even see with wich bubbles I started comparing the bitcoin Price buble. With
One more of my post of last year (August 17, 2017) when price of bitcoin reached $4500. In my post last year, I gave them example of the Rhodium (one of my favorite ones). I just wanted to warn them not to open short positions on Bitcoin...
As I said I have seen many price bubbles, and I have participated in many of them.
It's cool when you notice the same trend on different examples!
I think, and to life can be to apply this bubble! For example, the bubble of popularity actor, etc.
@behelen, he-he-he.. Ok, it has never come to my mind...but, yeah, it is a good example.