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Devastating bitcoin bubble chart

http://i68.tinypic.com/211thqw.jpg We're two steps away f...
jet-lagged sandwich
  01/16/18
just because it's a bubble doesn't mean you make money
bearded exciting piazza toaster
  01/16/18
The chart is even reflected in the bitcoin boart: https:/...
jet-lagged sandwich
  01/17/18
https://imgur.com/a/xLwKo
Bearded Purple Masturbator
  01/17/18
CR. Looking at BTC starting from 2013 is stupid. Right now ...
Spectacular Glassy Theater Stage Coldplay Fan
  01/17/18
I see you're still in denial. Sorry, but the mania phase has...
jet-lagged sandwich
  01/17/18
And yet...the takeaway from that chart is that hidden within...
contagious godawful center
  01/17/18
So you're saying we should just HODL?
Spectacular Glassy Theater Stage Coldplay Fan
  01/17/18
No one can predict the future I am just stating what the dat...
contagious godawful center
  01/17/18
zoom in on btc's previous steep rises and declines and you'l...
Sepia crotch
  01/17/18
It's not just about the lines on the chart, but the subjecti...
jet-lagged sandwich
  01/17/18
The public isn't in on it. LJL. What percentage of the US po...
Spectacular Glassy Theater Stage Coldplay Fan
  01/17/18
It doesn't need a large percent, most of the US is never goi...
jet-lagged sandwich
  01/17/18
US tech equities were, what, $3T at the height of the dotcom...
Sepia crotch
  01/17/18
Time will tell, bitcoin may see higher prices, than 19,000 s...
jet-lagged sandwich
  01/17/18
Dude, you have no idea what you're talking about. Boomers wi...
Spectacular Glassy Theater Stage Coldplay Fan
  01/17/18
How many times are you checking the price of bitcoin? I'll b...
jet-lagged sandwich
  01/17/18
I day trade, so yea. I made money shorting yesterday and tod...
Spectacular Glassy Theater Stage Coldplay Fan
  01/17/18
...
jet-lagged sandwich
  01/17/18
Tech equities were not limited to us ownership. Equities als...
Mind-boggling hairless national security agency corner
  01/17/18
exactly, we're not there yet
Sepia crotch
  01/17/18
I'm a veteran of being burned by bubbles (the PM bubble in p...
jet-lagged sandwich
  01/17/18
lol
Carnelian Hot Hall
  11/24/18
...
vermilion mother
  11/24/18
...
beady-eyed hyperventilating stead travel guidebook
  11/24/18
...
Cowardly plum legal warrant box office
  11/24/18
oof
Abnormal private investor codepig
  11/25/18


Poast new message in this thread



Reply Favorite

Date: January 16th, 2018 6:04 PM
Author: jet-lagged sandwich

http://i68.tinypic.com/211thqw.jpg

We're two steps away from the despair stage of bitcoin, which could mean prices as low as $6000 (if it does what gold did in 1980) or even far lower, maybe even $3000 (if does what silver did in 1980). For those who can't tell, the black line on the bitcoin chart is the current price action, and the gold line is extrapolated from the gold/silver 1980 bubble chart. Compare the charts, and it's clear that the price movement of bitcoin is following the bubble pattern to a tee so far.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35170725)



Reply Favorite

Date: January 16th, 2018 6:05 PM
Author: bearded exciting piazza toaster

just because it's a bubble doesn't mean you make money

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35170734)



Reply Favorite

Date: January 17th, 2018 1:33 PM
Author: jet-lagged sandwich

The chart is even reflected in the bitcoin boart:

https://bitcointalk.org/index.php?board=1.0

We are very much in the "public" phase, and the clueless masses are in either in fear, or denial, desperately trying to "DCA." Reminds me so much of what happened on the Kitco boards during the crash from $50 silver/$2000 gold.

People baselessly saying "I firmly believe in bitcoin and I think that it will keep growing."

And

20k - 2018

50k - 2019

100k - 2020



(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176411)



Reply Favorite

Date: January 17th, 2018 1:38 PM
Author: Bearded Purple Masturbator

https://imgur.com/a/xLwKo

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176476)



Reply Favorite

Date: January 17th, 2018 1:39 PM
Author: Spectacular Glassy Theater Stage Coldplay Fan

CR. Looking at BTC starting from 2013 is stupid. Right now we're in the awareness phase. Mania phase will happen when people can buy BTC with their brokerage accounts (ETFs!!). BTC will hit $50-$100K then, and all these FUD threads from the past few days will be bumped more often than anti-Trump posts from 2016.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176485)



Reply Favorite

Date: January 17th, 2018 1:54 PM
Author: jet-lagged sandwich

I see you're still in denial. Sorry, but the mania phase has already passed. If you need proof, here are your fellow bitcoin buyers talking (https://bitcointalk.org/index.php?board=1.0). If you think they sound informed, well good luck to you sir.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176609)



Reply Favorite

Date: January 17th, 2018 1:42 PM
Author: contagious godawful center

And yet...the takeaway from that chart is that hidden within the volatility is a moving average climbing steadily upwards.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176507)



Reply Favorite

Date: January 17th, 2018 1:43 PM
Author: Spectacular Glassy Theater Stage Coldplay Fan

So you're saying we should just HODL?

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176512)



Reply Favorite

Date: January 17th, 2018 1:45 PM
Author: contagious godawful center

No one can predict the future I am just stating what the data and price history clearly shows.

People treat crypto with a FOMO and intensity like it's a short term game.

It's not and it never has been. The people who saw the biggest gains invested early and sat on it for years.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176526)



Reply Favorite

Date: January 17th, 2018 1:47 PM
Author: Sepia crotch

zoom in on btc's previous steep rises and declines and you'll see the exact same "inflation and bursting of a bubble" in fractal form

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176548)



Reply Favorite

Date: January 17th, 2018 1:54 PM
Author: jet-lagged sandwich

It's not just about the lines on the chart, but the subjective phases also. If you're seeing a steep rise in the stealth phase (characterized by smart money) and a decline, or in the awareness phase (institutional investors entering the market), etc, it means the market still has legs. What is different now is the PUBLIC is in on this, which marks the mania phase.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176605)



Reply Favorite

Date: January 17th, 2018 1:56 PM
Author: Spectacular Glassy Theater Stage Coldplay Fan

The public isn't in on it. LJL. What percentage of the US population do you think owns BTC? Like 0.1%? HYSTERICAL MANIA!

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176614)



Reply Favorite

Date: January 17th, 2018 1:57 PM
Author: jet-lagged sandwich

It doesn't need a large percent, most of the US is never going to own bitcoin. Silver and gold went through this process, people thought there was a paragidm change, there were tons of radio spots about buying gold/silver, and it crashed mightily after the 2011 peak. Still, probably less than 5% of Americans actually owned any PMs.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176622)



Reply Favorite

Date: January 17th, 2018 1:59 PM
Author: Sepia crotch

US tech equities were, what, $3T at the height of the dotcom bubble? Crypto is worldwide and only worth $0.5T. If the bubble is allowed to inflate naturally we have a while to go. If all world governments ban it, that's another story.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176642)



Reply Favorite

Date: January 17th, 2018 2:00 PM
Author: jet-lagged sandwich

Time will tell, bitcoin may see higher prices, than 19,000 someday, but you may have to be waiting a long time (like 10 years).

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176652)



Reply Favorite

Date: January 17th, 2018 2:01 PM
Author: Spectacular Glassy Theater Stage Coldplay Fan

Dude, you have no idea what you're talking about. Boomers will be able to get into crypto using their brokerage accounts by 2018/2019. That's when the real mania starts. That's when BTC climbs to $100K only to dip to $25,000 and people lose everything. What's happening today is 1/100th of what will happen in the next few years.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176662)



Reply Favorite

Date: January 17th, 2018 2:03 PM
Author: jet-lagged sandwich

How many times are you checking the price of bitcoin? I'll bet you've checked it at least 5 times in the last two hours.

You know what that feeling is? It's called fear. Bro, I've been there before. I know. These are things that the entire bitcoin community is feeling. The broader public is laughing at you the way they laughed at me when silver was crashing, and have no intent to buy, while us greedy enthusiasts think they are wrong and we are genius early adopters, and thing we can dollar cost average, and every dip is a buying opportunity. Eventually almost everyone sells by the time we hit capitulation/despair.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176679)



Reply Favorite

Date: January 17th, 2018 2:04 PM
Author: Spectacular Glassy Theater Stage Coldplay Fan

I day trade, so yea. I made money shorting yesterday and today.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176689)



Reply Favorite

Date: January 17th, 2018 2:08 PM
Author: jet-lagged sandwich



(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176726)



Reply Favorite

Date: January 17th, 2018 2:06 PM
Author: Mind-boggling hairless national security agency corner

Tech equities were not limited to us ownership. Equities also were/are much easier to own than crypto.

How many nyt articles would you need before you’d accept that we’ve reached peak crypto awareness?

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176706)



Reply Favorite

Date: January 17th, 2018 1:57 PM
Author: Sepia crotch

exactly, we're not there yet

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176624)



Reply Favorite

Date: January 17th, 2018 2:02 PM
Author: jet-lagged sandwich

I'm a veteran of being burned by bubbles (the PM bubble in particular), and understand them well. This experience and the sentiment is matching it to a tee.

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#35176670)



Reply Favorite

Date: November 24th, 2018 10:52 PM
Author: Carnelian Hot Hall

lol

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#37295358)



Reply Favorite

Date: November 24th, 2018 10:58 PM
Author: vermilion mother



(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#37295384)



Reply Favorite

Date: November 24th, 2018 10:58 PM
Author: beady-eyed hyperventilating stead travel guidebook



(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#37295386)



Reply Favorite

Date: November 24th, 2018 11:01 PM
Author: Cowardly plum legal warrant box office



(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#37295397)



Reply Favorite

Date: November 25th, 2018 12:22 AM
Author: Abnormal private investor codepig

oof

(http://www.autoadmit.com/thread.php?thread_id=3861849&forum_id=2#37295849)