RE: Is Bitcoin Tulip Mania 2021?
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I tell you one secret:
Use LOG scale.
Then draw yourself and imagination-type chart, up up up to $350K, and then a terrible Drop by -90%.... down to $35K
New bears, and new bottom in 2023, at terribly low $35000-$38000
Still See anything unreal ?
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yes, the log charts are an interesting story as well.
The view here is that from the retail investor's perspective: most are looking at this chart and wondering if they're too late to Bitcoin. I think they're not too late as long as they're in it for the right reasons
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In fact , there is no such thing as "to late". Not at all.
There is though a one significant difference:
The longer you wait, and the later you step into cryptos, the LONGER you might need to wait, to really benefit from it.
If you are not very young, and will wait another 5 or 10 years - the odds and chances to benefit moves dramatically from you to your children and grandchildren.
This is clear, and hardly avoidable.
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Wow. Interesting insight. A dip to 35k after a rise to 350k would be painfull. Remind me to sell high!
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