Bitcoin Thread

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Not trying to point out a silver lining or draw comparisons....just found the following chart interesting. Nothing to do with bitcoin :).

Amazon.com
Bubble, boom, crash. Up 1500% and then - collapses almost back to zero:

AMZ1.png

And then gradually over the next few years...

AMZ2.png
 
That looks like the BTC chart. Spike in 2014 then down 80%, sideways for a year and then parabolic towards the end of 2017.
 
Last edited:
saor said:
Not trying to point out a silver lining or draw comparisons....just found the following chart interesting. Nothing to do with bitcoin :).

Amazon.com
Bubble, boom, crash. Up 1500% and then - collapses almost back to zero:

View attachment 511305

And then gradually over the next few years...

View attachment 511307
Click to expand...

Oh yes... that bubble. Some people haven't got over it yet lol. The real damage was done to investors who pumped money into those smaller startups that leveraged the hype at the time. A bit like so many alts.... just too many.
 
This guy, Coin Mastery, says the recent dip doesn't have much volume. Meaning it'll probably dip more in his opinion. His rationale is that volume translates to establishing a support level. You may start watching from 3:00 to 4:10.

[video=youtube_share;HQOJIloVdxA]https://youtu.be/HQOJIloVdxA[/video]
 
manicminer said:
Oh yes... that bubble. Some people haven't got over it yet lol. The real damage was done to investors who pumped money into those smaller startups that leveraged the hype at the time. A bit like so many alts.... just too many.
Click to expand...
And just a quick comparison to NASDAQ during that time. I realise these comparisons have been made before, I just find the difference in time period interesting...

COMPARE.png
 
Sly21C said:
This guy, Coin Mastery, says the recent dip doesn't have much volume. Meaning it'll probably dip more in his opinion. His rationale is that volume translates to establishing a support level. You may start watching from 3:00 to 4:10.

[video=youtube_share;HQOJIloVdxA]https://youtu.be/HQOJIloVdxA[/video]
Click to expand...

I agree with that, also expecting another dip. The problem with getting out completely though is that when the major bounce does actually come, you can be left behind very quickly. Happened to me last time. Last time in like half a day it went up like 30%. Remember, Bogdanoff is waiting for you to sell to pump it lol.
 
Might still see my prediction of BTC at $1,000 in April come true. :D

At $6,700 atm.
 
I don't see how stating that is could be a 1000 dollars in April is trolling. It's realistic in my opinion.
 
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