You will despair or will buy at the point of despair?
Comentário:
Yes, this is a famous bubble chart. This not my invention. I just applied it to bitcoin. But do you still think this is a good joke or stupid analysis?
Forget about what you are trading. If it was not bitcoin, you would look at it differently.
This not a first bubble and not the last one. And for those who think that after this crash it would not recover, you are wrong, you take a look to NASDAQ COMPOSITE IXIC which I posted on my page. And the price of 2K will not surprise me. We were there not so long ago. But after you saw 19K, it's hard for you to see 2K. Why many people are surprised or afraid. Nothing grows forever without stopping. And it does not matter what the chart title, BTCUSD or GOLDUSD or S&P. You can leave crypto market and trade stock market. You also will see there a huge pumps and dumps. But in stock market it can take several year, but in crypto, it takes month or two.
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Forget about what you are trading. If it was not bitcoin, you would look at it differently.
This not a first bubble and not the last one. And for those who think that after this crash it would not recover, you are wrong, you take a look to NASDAQ COMPOSITE IXIC which I posted on my page. And the price of 2K will not surprise me. We were there not so long ago. But after you saw 19K, it's hard for you to see 2K. Why many people are surprised or afraid. Nothing grows forever without stopping. And it does not matter what the chart title, BTCUSD or GOLDUSD or S&P. You can leave crypto market and trade stock market. You also will see there a huge pumps and dumps. But in stock market it can take several year, but in crypto, it takes month or two.