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/biz/ - Business & Finance

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File: 31 KB, 1129x584, BTCUSDMonthly18.png [View same] [iqdb] [saucenao] [google]
29026661 No.29026661 [Reply] [Original]

Media Attention.

>> No.29026697

>>29026661
that chart really puts things in perspective

>> No.29026740

>>29026661
Not even in the tv news yet

>> No.29026755

>>29026661
linear chart.

>> No.29026767

Zoom out they say, looks bubbly

>> No.29026778

>>29026661
>we are literally at 2017's 3k

>> No.29026811

>>29026740
it was on national news here when it broke $50k. last time Bitcoin was on that same news channel it was at $10k and it was december 2017. a few weeks later the bubble popped.

So to be safe. I took out my initial investment.

>> No.29026860
File: 1.54 MB, 230x230, 8ABB1435-D76F-4AE5-81FD-A5093590AA07.gif [View same] [iqdb] [saucenao] [google]
29026860

>>29026661
You ever wanted to see what inflation of dollar looks like?

>> No.29027004
File: 8 KB, 208x147, 1604161174707.jpg [View same] [iqdb] [saucenao] [google]
29027004

>he bought the top

>> No.29027550

Question is will alts follow the crash?

>> No.29028420

>>29026697
It doesn't, zoom out

>> No.29028490

>>29027550
Yes. BTC is the compass.

>> No.29029119
File: 7 KB, 200x182, 32132132132.jpg [View same] [iqdb] [saucenao] [google]
29029119

>>29026740
>not even in the TV news
>celebrities talk about it all the time
>some celebrity vlogger in my country says he made 35 million investing in bitcoin
>financially illiterate schmucks in the street are talking about bitcoin
Yeah, about that anon.

>> No.29029199
File: 155 KB, 1089x1337, 1609939190206.png [View same] [iqdb] [saucenao] [google]
29029199

>>29026697
>>29026755
>>29026811
>>29026860
>>29027550
>>29028490
Most boom and busts last between 1-2 years and usually 10x. In the case of crypto, bull runs are typically between 90-100x. I give this around between 500k-800k before it finally falls back to 20k levels or even below.

>> No.29029236
File: 190 KB, 1986x1100, Clipboard01.jpg [View same] [iqdb] [saucenao] [google]
29029236

>>29026767
Switch to logarithmic and violla it's a straight line

>> No.29029441

>>29029236
This. Chart in OP is really dumb. You could do that with any high cap asset to make it look like a bubble.

>> No.29029540
File: 39 KB, 588x823, duh.jpg [View same] [iqdb] [saucenao] [google]
29029540

>>29029441
>>29029236

>bubbles don't exist on log scales

>> No.29029549
File: 18 KB, 400x386, 1421691828242.jpg [View same] [iqdb] [saucenao] [google]
29029549

>>29029236
>violla

>> No.29029575
File: 82 KB, 738x1158, 1613509172730.jpg [View same] [iqdb] [saucenao] [google]
29029575

>>29026697
t. retard who would have sold at $4k

>> No.29029674

>>29029540
>bubbles
Nig this is a chart starting at 6 dollars. Unless you think BTC was always a bubble, through multiple cycles
>>29029549
you heard me

>> No.29029912

>>29029540
Also in 2018 there were literally thousands of normie whales who were up 100x or better. It's safe to say that most pre $100 holders are out at this point and most holders now aren't even up 10x. Not to mention institutional whales have stronger hands, you never see an institution unload all their gold either, and also increasing adoption like PayPal and MasterCard makes the asset much more attractive to hold than back in 2018 where it was a purely speculative asset. You are simply frustrated that you didn't buy last summer, anon. Cope.

>> No.29030188

>>29026740
In the Netherlands it is.