Everyones probably seen the old 'Phases of a Bubble' template kicking around the web. So I thought I'd give the daily price chart for Bitcoin the 'Phases of a Bubble' treatment.
Comment:
'Phases of a Bubble' chart by Jean-Paul Rodrigue en.wikipedia.org/wik...i/Jean-Paul_Rodrigue
Comment:
I've added this link to a great interview with Jean-Paul Rodrigue that goes into the different phases in detail. As we have been trading inside the 'Blow off Phase' for the last 2 years I'll include this choice quote from his description:
"There is even the possibility that the valuation undershoots the long term mean, implying a significant buying opportunity. However, the general public at this point considers this sector as “the worst possible investment one can make in his life”. This is the time when the smart money starts acquiring assets at bargain bottom prices."
canadianfinanceblog....-a-return-to-normal/
"There is even the possibility that the valuation undershoots the long term mean, implying a significant buying opportunity. However, the general public at this point considers this sector as “the worst possible investment one can make in his life”. This is the time when the smart money starts acquiring assets at bargain bottom prices."
canadianfinanceblog....-a-return-to-normal/
