In January 2000, AOL announced a merger with Time Warner. This is largely regarded as the peak of the dotcom bubble. The Nasdaq fell 78% in the next 30 months. Keep this in mind when buying and holding crypto. "History doesn't repeat itself, but it does rhyme."
Pay attention folks. The NASDAQ and the global markets are setting up for a repeat of the DOT COM bubble burst. In the late 1990s, the DOT COM rise was attributed to a number of factors, most importantly the unique situation where the US was leading the global in technology advancements and web services. Investment in these firms was focused on hope and dreams...
The Ethereum blockchain has been released in 2015 and is therefore still very new to the vast majority of the public. However, sharp rises in value recently have caused more and more news stations to pick up on this topic, publishing more and more articles about it. The consequence was that many could in fact see that there is a huge potential behind this...
Looking to see a pullback within the next year that will be significant in size. QE is ending and other bubble factors will finally have an impact.
Just reposting this chart, apparently been posting all my ideas as private instead of public, which is sort of lame. Whenever I make more charts on here, I'll make sure to make sure I put it as public.
ETH like bitcoin in 2003. Early buyers like to make sure they cash out and become a millionair before its too late, creating a massive sell off...
I wasn't convinced about the crypto bubble till recently. I went and looked at the last few summers and there's always a bubble when students get out and then it fades as school becomes more serious. Fits some of the crowd I think. Anyway. I looked up the stages of a bubble and felt these looked pretty accurate. What do you think?
just compare 2013 bubble priceaction with price now.. 2013 there was nearly an instant dump on the next weekly candle.. will watch this one closely.. dont wanna crush your dreams, but until now it doenst look good..
If we recall back in 2014, there were very few ways one could invest in Bitcoin. Most of which left people feeling insecure of were where they left their money. At the same time, most of us even thought Bitcoin was the only "internet currency" out there, and was only used by criminals on the internet. Well here we are halfway through 2017 and just about everyone...
I believe Ethereum can soar a bit more, but it is about to touch the top of the channel, so I believe this bubble will pop soon. Maybe it will reach 0.22 btc, but It is obvious for me that it needs a correction. Another sign of the "Ethereum bubble" is that every Ethereum Maximalist (I love calling them this) really believe ETH is going to replace BTC, the same...
Hard to say whether LTC/BTC/ETH are continuing to drop or if they are rebounding at the moment. One thing for certain is that these currencies are linked on the exchanges. When one goes up, they all go up, when one goes down, they all go down. We might sink a bit more before recovering to the mean: ghoffarth.wordpress.com still HODLing a-long and collecting more...
In my opinion BTCUSD is going to move down, 0.618 or 0.5 fibo is possible. Please pay attention to the oscillators at the bottom of the plot. "!" marks indicate places where price moved down to be supported by the green EMA line. Please check my other predictions of cryptocurrencies , ETHUSD:
Updates on my last idea, regarding what I call "the wtf trend"
If it's really just a correction afther the bubble, I think it's probably going to follow the past months behavior.
Will BTC follow its path to the moon? Predict consolidation between 1600-2400 for the following 4-6 months and moon like 2013 once we have "scaling resolution" and SegWit activated (and all justified FUD of a contentious hardfork behind us). LTC SegWit moon should follow because of sidechain usefulness for cross-chain atomic swaps, transaction speed and lower fees...
Bitcoin obviously left rational / sustainable prices. And it may have got 4 times the amount of active users as in 2014 ? (according to blockchain.info) - But then, do we need to reach 4 times the price of 2014? Now users have different demografics. Back then it was coders/developers, and some who believed in bitcoin and also gamblers. probably richer in average...