RE: 1 Cent > $2000
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ATHs good, crash to 25K bad.
I am not ready for crashes yet.
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You are viewing a single comment's thread:
ATHs good, crash to 25K bad.
I am not ready for crashes yet.
Traditionally it takes 5-6 months for normal bubbles to deflate back down to the doubling curve. We saw this happen in summer 2019. However, mega-bubbles take a full year to deflate.
Also, normal bubbles take about 3 months to ramp up to the peak, whereas we've been above the doubling curve for an entire year already. The current run we are in is unlike anything we have ever seen.
My point here is that if $65k was the peak and it really just was a normal x3 bubble, I would have expected for the head-and-shoulders pattern to complete three months later in July. Instead the opposite happened and August spiked. IMO the mega-bubble is still very obviously on the table and the most likely outcome based on history.
Thanks for the more detailed explanation. Yes, I am very hopeful for the next six months and I am looking forward to some of the crypto hype to settle onto the Hive blockchain. What people who have been here a while know is, even in the bear we were having fun - just imagine what it is like with 20 million people flush from a bull and looking to make camp for a couple years, shoot the shit and build the future.