Stages of financial bubble

BlackBDO

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Not saying I agree, as I have 0 experience with crypto, I just wanted to share this here as it looks interesting to me, like.. the fact that BTC chart looks like standard financial bubble chart. I have not created the image myself, and I have 0 experience in Crypto, so I don't want to look like I am saying BTC will go down or anything, just that the below image looked interesting enought for me to want to share.
Cheers!
a9cf4872cc4bf725b9fad075f53cddf2.png
 
Guess you missed the new rules for this section, specifically:

Do not post threads on hypothetical scenarios!
 
@tadeator - mine is in EUR, and a little older than yours, but still I think we can't deny it kind of looks similar to the bubble graph
@drogon I go read them again now, If I broke any rule I weill report my psot immediately, thanks for the heads up!
 
@tadeator - mine is in EUR, and a little older than yours, but still I think we can't deny it kind of looks similar to the bubble graph
@drogon I go read them again now, If I broke any rule I weill report my psot immediately, thanks for the heads up!
Yeah, it's similar, but if you take a look at the graph, you will see the same behaviour multiple times, but here we are, still growing.
 
@tadeator - mine is in EUR, and a little older than yours, but still I think we can't deny it kind of looks similar to the bubble graph
@drogon I go read them again now, If I broke any rule I weill report my psot immediately, thanks for the heads up!
There were certain people posting 'Bitcoin is a bubble' every other day, and i think that rule as cleaned up this section alot until your latest thread!!
 
Interesting but nobody can really predict, if we could, we would have all been millionaires by now :D
 
Yo, a group of people owns 6 million bitcoins, they can manipulate the price however they want..
 
Mods please change title to Cryptocurrencies are currently the epitome of a "bubble" V4
 
well at the current state its not impossible. btc's network is on shit right now, very high fees plus very slow.
 
Come on guys, crypto is the future. Every industry is becoming victim to digital disruption. Finance industry is no different.

Yes, it’s my opinion only but I think crypto (and BTC more so) is here to stay.

It will go back up above 20k again soon (I hope).
 
Just curious?
Is there any financial instrument/asset that is traded 24X7 and 365 days at different places and is decentralized and is not backed by any physical commodity but by just trust and faith of a majority.
If No, then how can tech analysis/charts and theories be applicable to something which haven't happened before?
P. S : Looking for just enlightening.
 
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