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RE: In which phase of the chart do you think the price of Bitcoin is?

in #bitcoin6 years ago (edited)

@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

I saw similar situations on ruthenium (in 2007), on oil (in 2008), on silver (in 2011), on gold( in 2011), on the Russian ruble and Indian rupee (in 2014), etc.

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.

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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.

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