The bubble is popped, the bubble meme is officially dead.
You are here
Now what ?
Who there ?
we'll trade sideways for a while... historically, bitcoin pops in the summer followed by a pullback until the end of fall, then parabola into the new year.
It will repeat again in 3-4 years.
B-But if we don't follow the bubble meme chart what chart do we follow
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
>3-4 years
It will repeat in September when the MtGox dump commence, and then after New Year's Eve.
i like how those two charts look nothing alike lol
The expansion will end this fall, we are looking at another 2008. The faggot public needs to be able to take on credit card debt for a pump to work.
Something about past performance and predicting the future, maybe?
>Linear scale
there are no "text book" charts fella. this is as close as it gets.
the bubble meme is dead regardless.
well the first half looks identical, but the second half doesn't resemble a single candle
>shows chart form 2007
nice one guy. thanks.
>b-but they don't line up perfectly
rarely do these things ever line up perfectly.
2007-2018
what a retard...
Isn't that too early ?
We need some catalyst, I think.
BUBEL IS OVER. GROG BYE STONE NOW. GROG RICH IN 365 SUNS
Have you ever considered that this might because the charts do not represent the same phenomenon?
dead my ass. You're gonna see the same fucking graph posted by brainlets here sooner rather than later.
b.. but muh bubble graph is true all the time!
>Kraken charts
high quality chart there fella
>post an unrelated, irreverent chart in thread
>calls OP a retard
wow grog can count mor than 10
regardless of whether they match up identical or not... the fucking bubble is popped faggots...
we are returning to the mean. That support line was drawn from a low in July 2017 aka the "smart money" period of the bubble meme.
M8 you haven't even begun to imagine the possibilities
First sell off was seven years ago.
wow 1000-2000 so much bigger than 19000-20000
why dat?
Because going from 1000 to 2000 isnt the same as going from 10000 to 11000.
Example for brainlets.
Put all your money on bitcoin at $1000 = 2x when it reaches $2000.
Put all your money on bitcoin at $10000 = 2x when it reaches $20000.
Its called a log scale, the distance between multiplicator factors remains the same (distance between 1000 and 2000 = distance between 10k and 20k.)
so what you're saying is
100k EOY confirmed?
great explanation, thnx
but bubble pop chart is not a logscale no?
thnx
>+1000 each
>not same
>biz math
I don’t even
Although the multiplicator factor remains the same, the difficult to climb gets higher. Going from 1k to 2k is much easier than 10k to 20k.
I dont think the correction is over, but i also dont believe the "the bubble" is over. I truly believe crypto will reach at the very least 1 trillion dollars in the future. The only question is when.
If projects focusing on smartcontract technology deliver and slowly get adopted, the bubble will reach a couple trillions by 2020-2022. That is, of course, just my opinion
i agree with you user. Drew the same conclusion this week and i've been buying for 3 days straight now. This is the moment to enter the market folks.
When is your exit?
fix your cloud settings that looks like default.
exit the market at the bottom... yes?
From $.00 to $.01 was a far more significant movement than $10000 to $11000, same principle.
what do you suggest user?
At $8. Hardly a sell off
A bubble is a circle not a line you retard
BS
Explain first sell off on meme chart then.
At those low volumes it as surely when smart money dumped, right?